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BEIJING, March 14 (Xinhua) -- Chinese Premier Wen Jiabao said here Sunday a stable exchange rate of the Renminbi(RMB), or yuan, will facilitate the recovery of the world economy in the mid of the global financial crisis.He made the remarks at a press conference after the closing of the annual parliament session.Wen said since China began its currency reform to unpeg the yuan against the U.S. dollar in July 2005, the yuan has appreciated 21 percent against the U.S. dollar, or 16 percent in real terms. Chinese Premier Wen Jiabao smiles during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010"We did not depreciate the RMB from July 2008 to February 2009 when the global economy was in extreme trouble, but it appreciated in real terms by 14.5 percent," Wen told hundreds of domestic and foreign journalists.Wen said during this period, China's exports fell by 16 percent but imports only dropped 11 percent and its trade surplus decreased 102 billion U.S. dollars.

BEIJING, Feb. 11 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year on year in January 2010, the National Bureau of Statistics announced Thursday.Food prices went up 3.7 percent last month year on year, with non-food prices edging up 0.5 percent from a year earlier.The figure advanced 0.6 percent in November 2009, ending nine months of decline.

OTTAWA, March 9 (Xinhua) -- China and Canada have officially kicked off a series of celebrations for the 40th anniversary of the establishment of their diplomatic relations.As one of the opening events, the China Broadcasting Chinese Orchestra (CBCO) staged a 2010 Spring Festival Gala Concert on Monday night at Southam Hall of the National Arts Center in Ottawa.The grand show, which featured over 30 different kinds of traditional Chinese musical instruments, attracted an audience of around 2,000, among whom were senior Canadian officials and Chinese Ambassador to Canada Lan Lijun.Chinese Ambassador to Canada Lan Lijun (C) and President of the Treasury Board of Canada and Minister for the Asia-Pacific Gateway Stockwell Day (R) cut the ribbon for an exhibition marking the 40th anniversary of the Sino-Canadian relation ties in Ottawa, capital of Canada, March 9, 2010Addressing a reception before the show, Ambassador Lan said that the China-Canada diplomatic ties, which were forged on Oct. 13, 1970, have moved forward thanks to the personal commitment of leaders of several generations and concerted efforts of people from various sectors in both countries. "Our exchanges and cooperation in all fields have been growing steadily and exchanges at the top and other levels have increased, " Lan noted.He said that China stands ready to work with Canada, with a strategic and long-term perspective, to seize the opportunity brought by the 40th anniversary to review the past and plan for the future, and jointly forge an even better future.On the same occasion, Canadian Speaker of the Senate Noel Kinsella said it is encouraging to see the two countries continuing to work together in a constructive and cooperative manner."The fact that we were able to put aside our differences at the height of the Cold War and work together for a better future makes me believe that our partnership can withstand the most difficult challenges that might come our way," he said.The Speaker also praised the hard-working Chinese immigrants who endured difficult conditions long before the two countries established diplomatic ties, as they helped build the Canadian Pacific Railway, which played a critical role in history.On the eve of the concert, Canadian Prime Minister Stephen Harper also sent a greeting message, saying that the wonderful evening of beautiful music was a great opportunity to share Chinese culture with Canadians as more than a billion people around the world welcomed the Year of the Tiger."It is a time of great expectations and an occasion to recognize the significant contributions of Chinese Canadians," Harper added.Established in 1957, the CBCO has performed at Konzerthaus Berlin, Lincoln Center, John F. Kennedy Center and Moscow Tchaikovsky Concert Hall over the past five decades. Its world- class Chinese New Year Concert has also become a classic event at the Golden Hall of Vienna since 2003. This is the Orchestra's first visit to Canada. 

WASHINGTON, Feb. 27 (Xinhua) -- China remains the largest foreign holder of U.S. Treasury securities as at the end of December, the U.S. media reported on Saturday.The report quoted the new government data as saying that China held 894.8 billion dollars in Treasury securities at the end of December, more than 755 billion dollars that had been previously estimated.But the new report also showed China trimmed its holdings of U. S. debt by 34.2 billion U.S. dollars in December.The U.S. Treasury reported on Feb. 16 that Japan surpassed China as the largest holder of U.S. Treasury securities in December. But the new estimate said Japan, now back in second place, held 765.7 billion dollars in December.Japan had been the largest holder of U.S. Treasury securities until China gained that distinction in 2008."Purchase of Treasuries by China would reflect only purchases by an entity in China from an entity based in the U.S.," Stone & McCarthy Research Associates said in a recent client note."The Data would not pick up purchases done on behalf of Chinese investors by dealers in the U.K or Hong Kong, for example, nor would it pick up purchases of Treasuries by investors in China from investors based outside of the U.S.," it added.China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Last week, when responding to questions on China's sale of U.S. Treasury securities in December, China's Foreign Ministry spokesman Qin Gang said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.

BEIJING, Feb. 14 (Xinhua) -- Chinese Premier Wen Jiabao visited Guangxi Zhuang Autonomous Region over the weekend, spending the Spring Festival, or Chinese lunar new year, with local villagers.During the three-day tour of the south China ethnic region that ended on Sunday, the first day of the lunar new year, Wen shared the festive joy with local villagers, playing musical instruments, preparing food and having dinner with them."I'm happy as long as you're all happy," Wen said to the villagers.Chinese Premier Wen Jiabao (Front) opens the tap for people to fetch water at Nongmo Village of Dongshan Township in Bama Yao Autonomous County, southwest China's Guangxi Zhuang Autonomous Region, Feb. 13, 2010. Premier Wen made an inspection tour in Guangxi on Feb. 12-13In Donglan County, Wen visited local high school teachers and was pleased to learn their monthly incomes had seen a raise since last year. He also consoled drought-affected villagers in the county.During his stay at a mountainous village in Bama Yao Autonomous County on Saturday, Wen chatted with villagers and shared the new year's eve dinner with villager Lan Qingming's family.The premier arrived in Nacangtun Village of Tianyang County Sunday morning, where he was pleased to be informed that the villager's annual per capita net income had hit nearly 7,000 yuan (1,029 U.S. dollars) and they were making a good living by planting and selling vegetables.