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BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.

BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.

BEIJING, Oct. 25 (Xinhua) -- Fire has been put out at the scene of a July 16 blast involving two oil pipelines in Dalian, a port city in northeast China's Liaoning Province, by 2 a.m. Monday, the contingency headquarter said.The contingency headquarter said no crude oil has been found spilled over into the sea, and no ocean pollution has been detected.The fire was caused by the remaining oil in a tank which had been emptied before workers tried to remove it at 4:10 p.m.. No casualties have been reported.The tank, owned by China National Petroleum Corp (CNPC), caught fire on July 16 when two pipelines at Dalian Xingang Harbor exploded.

PYONGYANG, Oct. 10 (Xinhua) -- Zhou Yongkang, a senior official of the Communist Party of China (CPC), attended a grand evening gala held to celebrate the 65th anniversary of the Workers' Party of Korea (WPK) on Sunday evening.Zhou, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, secretary of the CPC Central Commission of Political and Legal Affairs, was on a three-day official visit to the Democratic People's Republic of Korea (DPRK).Zhou watched the performance on the Kim Il Sung Square with Kim Jong Il, top leader of the DPRK and other leaders of the DPRK's party and government.Kim Jong Il (3rd R), top leader of the Democratic People's Republic of Korea (DPRK), and Zhou Yongkang (2nd R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the Political and Legislative Affairs Committee of the CPC Central Committee, watch a grand evening gala held to celebrate the 65th anniversary of the founding of the Workers' Party of Korea (WPK) on the Kim Il Sung Square in Pyongyang, capital of the DPRK, Oct. 10, 2010.There were nearly 100,000 Pyongyang citizens in traditional costumes forming various phalanxes.The performance, which was divided into three parts, showcased, through grand and splendid group dances, the development history of the WPK under the leadership of President Kim Il Sung and General Secretary Kim Jong Il and the DPRK's achievements in economic construction and improving people's living standards in recent years.Zhou arrived here Saturday for a three-day official visit.

ATHENS, Oct. 2 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday made a five-point proposal on boosting ties with Greece during talks with his Greek counterpart George Papandreou, stressing that China is willing to work with the European country to combat the lingering financial crisis.Wen arrived in Athens earlier in the day, starting a three-day official visit to the country, the first by a Chinese premier in 24 years.Papandreou held a grand welcoming ceremony for Wen after the Chinese premier's arrival.Wen said both countries were great civilizations in the history and the people of the two countries have always been amicable to each other. There have been consistent mutual support, mutual help and solid political mutual trust between the two nations for a long time.Greek Prime Minister George Papandreou (R) shakes hands with Chinese Premier Wen Jiabao during a press conference in Athens, Greece, on Oct. 2, 2010."Currently, Greece is actively dealing with the impact inflicted by the sovereign debt crisis and has experienced the hardest time," Wen said during the talks with Papandreou."China will work with Greece to deal with various challenges and deepen the China-Greece comprehensive strategic partnership," he added.China has bought and is now holding Greece's treasury bonds, and will continue to "take positive attitude to participate in the purchase of Greece's new treasury bonds," said Wen, adding that it served as one of China's measures to help the sovereign debt-ridden country.Wen put forward a five-point proposal for the further development of China-Greece ties concerning cooperation in maritime transportation, trade and investment.China will set up a special fund on China-Greece shipping cooperation, with the initial part of 5 billion U.S. dollars, in a bid to promote cooperation in maritime transportation between the two countries, said Wen.He added China will help upgrade Greece's southeast and largest port Piraeus to a distributing center for Chinese exports to Europe.Wen said he believes it is realizable for trade volume between the two countries to double and reach the goal of 8 billion dollars in five years, adding China will expand the import from Greece.