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PARIS, June 22 (Xinhua) -- The Paris-based Organization of Economic Cooperation and Development (OECD) on Tuesday welcomed China's announcement of increasing the exchange rate flexibility of its currency yuan.The move was helpful not only to China's sustainable growth but also the world economy, OECD Secretary-General Angel Gurria said."A combination of sustained fiscal expansion, continued structural reform and exchange rate flexibility, should provide a strong contribution from China to the achievement of a strong, sustained, and balanced growth of the world economy," Gurria said in a statement.Richard Herd, an economist heading the OECD's China and Asia Unit, said it was impossible to achieve yuan appreciation over one night."The policy is not a political gesture; the policy is a sound economics-based effort," Herd said in an interview with Xinhua, rebutting reports interpreting the statement as just lip service.China's central bank announced over the weekend it would push forward reform of the yuan exchange rate and ruled out a one-off revaluation.

BEIJING, June 21 (Xinhua) -- China's National Development and Reform Commission (NDRC), the country's top economic planner, refuted on Monday recent reports online saying China is mulling adjustments of electricity prices, claiming such reports "untrue" .The NDRC said in a statement on its website that recently there were reports online saying the NDRC was studying plans to adjust electricity prices, citing Li Jing, deputy head of the Department of Resource Conservation and Environmental Protection at NDRC. Reports said she has not given the timetable for the plan.The statement further said she never made such remarks to media and the reports were groundless.The NDRC began a rise in the price of electricity for non-residential use by 2.8 fen (0.4 cents) per kwh on average nationwide on November 20 last year, with residential electricity prices unchanged.

BEIJING, Aug. 4 (Xinhua) -- China's foreign exchange regulator Wednesday pledged to continue efforts to manage illegal capital inflows in the second half of the year.In a statement on its website, the State Administration of Foreign Exchange (SAFE) said it had investigated up to 3.5 million cases of international trade transactions, involving a total of 440 billion U.S. dollars, during its hot money monitoring campaign, which began in February.The statement said it had identified 197 cases of illegal capital inflow, but it gave no exact sum for the cases.SAFE said earlier last month that its investigations had found 190 cases, involving 7.35 billion U.S. dollars, of hot money inflows.Capital flows into and out of China for purposes other than import and export payments are strictly controlled by SAFE, which manages the country's 2.45 trillion U.S. dollars in foreign exchange reserves.The statement also said it would introduce new foreign exchange instruments to meet domestic market demand and support China's currency reforms.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.The hot money campaign was launched amid concerns that speculators were betting on an appreciation of the Chinese currency and rising asset prices.

BEIJING, July 7 (Xinhua) -- China's Ministry of Health issued a circular Wednesday advising the nation's medical facilities to gear up for a rise in the number of people suffering from heat-stroke and other heat related ailments given the recent hot temperatures.The number of people suffering from heat-stroke and related disorders has risen sharply over the last few days, reads the circular without giving specific figures.Beijing-based Chaoyang hospital reported a significant increase of cases showing heat-induced symptoms such as dizziness, according to the Health News, the health ministry-run newspaper.The hospital has 450 such cases in emergency care each day now, compared to 360 cases just a few days ago.The ministry ordered hospitals across the nation to make sure people suffering from heat stroke get timely and proper treatment.Beijing reported an average temperature of 40.3 degrees Celsius at 4 p.m. Monday, the highest temperature in the first 10 days of July in 50 years.The capital city cooled a little bit Wednesday, and rains are expected for China eastern regions starting Thursday, offering some respite.

SHANGHAI, Aug. 8 (Xinhua) -- The Shanghai World Expo marked its 100th day Sunday, with the first group of visitors arriving as early as 4 a.m.Some, like Ni Dan from eastern Jiangsu Province, even chose to stay overnight in front of the Expo Park entrance to guarantee obtaining tickets to some of the most popular pavilions.Ni, 20, and two of his classmates were the first visitors entering the Expo Park Sunday.Ni said, "We chose to visit Expo today for three reasons: it's the Expo's 100th day; it's the second anniversary of the Beijing Olympic Games; plus it's the eighth day of the eighth month, which is considered by many an auspicious number."Sitting on the ground or on 10-yuan (about 1.5 U.S. dollars) plastic folding stools newly purchased from vendors, people chatted, played cards or meditated to reserve energy for a very long day of waiting, walking, viewing and waiting again.Nearly 38 million visitors, about 95 percent of whom are Chinese and nearly 80 percent are non-Shanghainese, have come to the Expo Park since its opening on May 1, and an average of about 450,000 visitors came to the Expo Park per day in August, equal to the population of a mid-level Chinese county, according to the Expo bureau.The bureau also said shuttle buses in the Expo park have carried nearly 100 million visitors since the Park's opening, as the buses were out on a run every 14 seconds.

来源：资阳报