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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.

MOSCOW, July 6 (Xinhua) -- Chairman of Russian Federation Council Sergei Mironov on Tuesday held talks with visiting Vice Chairman of the Standing Committee of the National People's Congress (NPC) Hua Jianmin, pledging to keep on injecting new momentum into the deepening of bilateral relations of the two countries.Hua, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, told Mironov that the frequent exchanges between the two nations' senior officials, as well as the deepening mutual political trust, have pushed the relationship between Russia and China to its best historical stage. Chairman of Russian Federation Council Sergei Mironov (R) meets with visiting Vice Chairman of the Standing Committee of China's National People's Congress (NPC) Hua Jianmin, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, in Moscow, capital of Russia, July 6, 2010.He said the strategic partnership of cooperation between the two countries have been demonstrated in all kinds of collaboration, and the continuous boosting of the strategic partnership of cooperation was in accordance with the fundamental interests of the two countries.Hua believed that Mironov's visit to China, in the coming September when he would hold talks with Wu Bangguo, the Chairman of NPC Standing Committee, will add a new chapter to Sino-Russian cooperation.

SHANGHAI, June 16 (Xinhua) -- Yu Zhengsheng, Party chief of Shanghai, the host city of the 2010 World Expo, met Wednesday with Vicente Gonzalez Loscertales, secretary-general of the International Exhibition Bureau (BIE).Yu extended gratitude to Loscertales for his assistance and support given to Shanghai in hosting the World Expo. He said the Expo operation is getting better and better as the organizer has been committed to resolving various problems found in the operation and strengthening communication with all participating countries and organizations.Loscertales said after almost six weeks, the organizer has made lots of achievements in improving the work and increasing the efficiency of the Expo operation.Running from May 1 to Oct. 31, the Expo, with the theme "Better City, Better Life," has drawn participation by an unprecedented 189 countries and 57 international organizations.The number of daily visitors to the Expo Park reached a new high Tuesday as 546,700 people entered the Park, breaking the earlier record of 524,900 set on June 5.

OTTAWA, June 23 (Xinhua) -- Chinese President Hu Jintao flew into Ottawa, capital of Canada, Wednesday for a state visit, and later he will travel to Toronto for a summit of the Group of Twenty (G20), which aims to secure the global economic recovery and address economic challenges and risks.In a statement released upon his arrival at the airport, Hu said that China is ready to work with Canada to further expand exchanges and cooperation in various fields, push forward the China-Canada strategic partnership and bring even more benefits to the people of the two countries and around the world.Hu said that during his visit, he will have extensive meetings and in-depth discussions with Canadian leaders and people from all sectors of Canadian society to explore with them effective ways to advance China-Canada strategic cooperation.Under the current international situation, Hu said, China and Canada share broad common interests and vast potential for cooperation in many areas, ranging from promoting economic growth in both countries and the world to resolving regional hotspot issues and meeting various global challenges."China always values China-Canada relations," Hu stressed, adding that bilateral exchanges and cooperation have made positive progress in such fields as economy, trade, energy, science, technology, education, culture, health, environmental protection, justice and law enforcement.

BEIJING, July 22 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), weakened to 6.7859 per U.S. dollar Thursday from 6.7802 per U.S. dollar Wednesday, according to the data released by the China Foreign Exchange Trading System.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.