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BEIJING, June 19 (Xinhua) -- The People's Bank of China, China's central bank, has decided to proceed further with the reform of the Renminbi exchange rate regime to enhance the RMB exchange rate flexibility, a spokesperson of the central bank said Saturday.The decision was made in view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the spokesperson said in a statement.In further proceeding with the reform, continued emphasis would be placed to reflecting market supply and demand with reference to a basket of currencies. The exchange rate floating bands will remain the same as previously announced in the inter-bank foreign exchange market, the spokesman said.The spokesperson said China's external trade is becoming more balanced. The ratio of current account surplus to GDP, after a notable reduction in 2009, has been declining since the beginning of 2010."With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist," the spokesperson said.The PBOC will further enable market to play a fundamental role in resource allocation, promote a more balanced BOP account, maintain the RMB exchange rate basically stable at an adaptive and equilibrium level, and achieve the macroeconomic and financial stability in China, the spokesperson said.China has moved into a managed floating exchange rate regime based on market supply and demand with reference of a basket of currencies since July 1, 2005.The spokesperson said the reform of the RMB exchange rate regime has been making steady progress since 2005, producing the anticipated results and playing a positive role.With the current round of international financial crisis was at its worst, the exchange rate of a number of sovereign currencies to the U.S. dollar depreciated by varying margins."The stability of the RMB exchange rate has played an important role in mitigating the crisis' impact, contributing significantly to Asian and global recovery, and demonstrating China's efforts in promoting global rebalancing," the spokesperson said.The gradual recovery of the global economy and upturn of the Chinese economy has become more solid with enhanced economic stability. It is desirable to proceed further with reform of the RMB exchange rate regime and increase the RMB exchange rate flexibility, said the spokesperson.

ZHENGZHOU, July 28 (Xinhua) -- The death toll from a bridge collapse last Saturday in central China's Henan Province has risen to 37 with 29 still missing, rescue headquarters said at Tuesday midnight.Among the killed people were three tourists. The headquarters counted retrieved bodies and asked family by family about missing people to get the numbers, which may rise as witnesses say they saw about 100 people on the bridge when it collapsed.China Central Television (CCTV) reported Tuesday night that at least 50 people died in the collapse without giving the source.The Yi River Bridge collapsed at about 5 p.m. Saturday in Luanchuan County, Luoyang City, plunging the people on it into the rushing waters, a local government spokesman said.Thousands of rescuers are still searching for missing people and possible survivors.Villagers from seven villages and soldiers have launched a massive search for survivors, said Li Guangming, deputy head of the administrative office of Luanchuan county government.The rescuers are focusing on spots that could hold people who were rushed away by torrents, such as banks with lush plants, said Qi Weiming, deputy head of Luanchuan's military office.News broke of the accident after Luanchuan's government wrote an apology which was published in Monday's Luoyang Daily, saying "we are deeply sorry for the heavy loss of life ... and we take responsibility.""The bridge was crowded with people who had come to watch flood torrents when it collapsed. They were villagers and tourists from a nearby nursing home," said survivor Li Xianghong in an interview with local media Dahe Daily."More than 10 people fell with me, including my nephew, at the southern end of the bridge which collapsed first. For a moment, the river was full of struggling people."Li was caught by a tree branch and rescued by other villagers.Witnesses say the two ends of the bridge collapsed first. And the whole bridge fell in about one or two minutes, most people on it did not manage to escape.The bridge, built in December 1987, was over 200 meters long and more than 10 meters high. It was the only bridge on a about 4-km section of the river.An initial probe shows the dilapidated bridge collapsed after fallen tree trunks became stuck under it, blocking the passage of the raging flood waters, Luoyang officials said.Officials said they were continuing the investigation and vowed to severely punish those who were to blame.The flood has damaged a local tap water plant, cutting drinking water supply to the county's residents. Transport to the county was also disrupted by the flood with some bridges and roads damaged.

XI' AN, July 16(Xinhua) -- German Chancellor Angela Merkel arrived in Xi'an, capital of northwest China' Shaanxi Province, Friday night to continue her China visit.During Merkel'stay in Xi'an, she'll attend a forum with Chinese and German business leaders and meet with provincial leaders.The visit will also take her to some historic sites, including the Terra-cotta Warriors, the Great Mosque at Huajue Lane as well as a local motor company.Merkel is on her fourth China visit since taking office. She flew to Xi'an from Beijing after finishing meetings with Chinese President Hu Jintao, Premier Wen Jiabao and vice President Xi Jinping on Friday.

BEIJING, June 22 (Xinhua) -- Chinese Vice Premier Li Keqiang has said the transformation of the country's economic growth pattern is a significant change for the country that needs "new ideas and innovative approaches.""The transformation of the economic growth pattern is a comprehensive and profound change, and it involves new ideas and innovative approaches. We must accelerate reform and opening-up in order to achieve it," Li said at a meeting of the Chinese People's Political Consultative Conference (CPPCC) to solicit proposals for the country's 12th five-year (2011-2015) plan.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that the transformation is essential for the sustainable development of the country's economy."Currently, the country's economic development is at a new starting point. In the new situation, we must seize opportunities and walk forward against various difficulties to consolidate the good momentum for economic recovery..." he said.The four-day meeting, starting Tuesday, was presided over by the country's top political advisor, Jia Qinglin.Jia urged all CPPCC members to contribute to the making of the five-year plan with valuable proposals on key issues.

BEIJING, July 30 (Xinhua) -- China's Ministry of National Defense (MOD) Friday introduced its new spokesmen, Senior Colonel Geng Yansheng and Colonel Yang Yujun, to domestic and foreign media during a press tour to an engineering regiment of the People's Liberation Army (PLA).Geng, 50, and Yang, 40, have become the ministry's third and fourth spokesmen.Their appointment came ahead of the PLA's founding anniversary on Aug. 1. Their two predecessors, Hu Changming and Huang Xueping, have been transferred to other jobs in the ministry.Geng told Xinhua that the MOD plans to hold regular press briefings, since 16 other ministries have done so.About 140 reporters, photographers and cameramen from home and abroad visited the engineering regiment building in southern suburban Beijing, watching dozens of soldiers demonstrating a mock rescue operation at a building which was "reduced" to rubble in a quake.Founded in 1964, the engineering regiment trains rescue members for the China International Search and Rescue (CISAR), which was established in 2001 with its personnel drawn from the China Seismological Bureau and the General Hospital of the Armed Police Force.The CISAR has completed six domestic rescue operations in Xinjiang, Qinghai and Sichuan, and six international rescue missions in Algeria, Pakistan, Iran, Indonesia and Haiti.After watching the simulation training, many reporters held interviews with the CISAR members and enquired as to how they managed to work in the face of big disasters."I felt deeply sad and hopeless when someone died in front of me after the quake," said Gao Yansheng, a 19-year-old CISAR member, who took part in the Yushu earthquake search and rescue operation in April.Another CISAR member, whose name was not given, said he was "astonished and also anxious" during the Sichuan earthquake rescue work in 2008.Liu Xiangyang, deputy director of the CISAR, said in an interview with Xinhua that CISAR members became physically and psychologically stronger after going through the Sichuan earthquake rescue work.CISAR members needed to learn more about earthquakes and put up with more complicated disaster situations, Liu added."It will become a routine activity of the PLA to open its military bases for the media interaction beginning around August 1," said Senior Colonel Li Zhen, vice director with the MOD's International Communication Office. "It is for the third time in the last three years that the MOD has tried to showcase the transparency of the 2.3-million strong PLA. In 2008, the ministry invited 103 foreign and domestic reporters to an armored division of the PLA's thump-card No. 38 group army. Last year, a similar visit was arranged to the guard division.The ministry introduced the spokesperson system in May 2008 after the 8.0-magnitude Wenchuan earthquake, and launched its official website in August last year in an effort to help the media acquire more information about the once mysterious PLA. Xinhua writer Tian Ying contributed to the story.