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BEIJING, April 2 (Xinhua) -- China needs to expand the Renminbi, or yuan, cross-border settlement efforts when conditions allow, the People's Bank of China (PBOC) said Friday."It is necessary for China to seek appropriate timing to expand the cross-border yuan settlement to more cities, enterprises and overseas pilot areas," said an international financial market report released on the central bank's website Friday.But the report did not detail the conditions for appropriate timing.The foreign trade volume settled in yuan is still small compared with China's total foreign trade volume, said the report, without specifying figures.Official figures from China's General Administration of Customs showed that the country's exports in 2009 stood at 1.2 trillion U.S. dollars, down 16 percent from 2008.China's State Council, or Cabinet, announced in April 2009 a pilot program to allow exporters and importers in five cities -- Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan -- to settle cross-border trade deals in yuan.The latter four cities are all in south China's Guangdong Province.The Bank of China (BOC), China's largest foreign exchange bank, announced on July 6 last year that its Shanghai branch had received the first cross-border yuan trade settlement deal from the BOC (Hong Kong).The government is considering enlarging the scope of cross-border yuan settlement from commodity trade into service trade, said the report.Yuan settlement was in accordance with the market demand, said Cao Honghui, a researcher with the Chinese Academy of Social Sciences, but increasing the yuan's global acceptance would be decided by factors such as the country's economic development and the financial system development.
BEIJING, April 20 (Xinhua) -- Foreign leaders and heads of international and regional organizations continued to send their condolences to China on Monday and Tuesday over a powerful earthquake that hit northwest China's Qinghai Province.Messages of condolences were sent through various channels to Chinese President Hu Jintao, Premier Wen Jiabao, and Wu Bangguo, chairman of the Standing Committee of the National People's Congress.Sri Lankan President Mahinda Rajapakse expressed support to the Chinese government and people on behalf of the Sri Lankan government and people. He believed the Chinese people have the courage and determination to overcome the challenges of the relief work.Iraqi President Jalal Talabani conveyed sincere greetings to the Chinese people. He believed the undaunted Chinese people will definitely overcome the disaster.Khalifa Bin Zayed Al-Nahyan, president of the United Arab Emirates, and Mohammed Bin Rashid Al Mak-toum, vice president and prime minister, sent deepest sympathy and greetings to the Chinese people.Lebanese President Michel Suleiman expressed condolences to the victims of the quake and conveyed greetings to the Chinese people, especially the families of the victims.Bahraini Prime Minister Sheikh Khalifa bin Salman Al-Khalifa sent sincere greetings to the Chinese people and wished the injured to recover soon.Sheikh Nawaf Al-Ahmed Al-Jaber Al-Sabah, Kuwait's Crown Prince, conveyed condolences to the victims and wished the injured quick recovery.Mongolian Prime Minister Sukhbaataryn Batbold expressed deep condolences to the Chinese people.Eda Satsuki, president of House of Councilors of Japan, conveyed condolences to the Chinese people.Iranian Parliament Speaker Ali Larijani felt deep sorrow over the huge casualties of the earthquake and expressed sympathy to the families of the victims.Italian President Giorgio Napolitano expressed deep sorrow over the casualties of the quake and conveyed sincere greetings to the Chinese people and deep condolences to the victims.Doris Leuthard, president of the Confederation of the Federal Council of Switzerland, sent sincere condolences to the Chinese people.
LOS ANGELES, June 4 (Xinhua) -- U.S.-China relations are improving on the back of their need for mutual support after undergoing a rocky period earlier this year, U.S. Congressman Adam Schiff said here Friday.The bilateral relationship came under pressure due to U.S. arms sales to Taiwan, the ** Lama's U.S. visit and tensions in the Korean Peninsula, but the overall situation was good and the bilateral cooperation was at a very high level, the Democratic congressman from California told a Chinese press club luncheon.Schiff said he didn't think the current tensions on the Korean Peninsula would have a serious impact on U.S. relations with China.He said both countries needed each other's support in forums such as the six-party talks to resolve the issue of nuclear proliferation on the peninsular.The United States also needed China's cooperation in developing alternative and green energy. The two nations could not simply compete with each other on this front, but needed to learn from each other, he said.Schiff sponsored the Nuclear Forensics and Attribution Act to strengthen the U.S. Department of Homeland Security's efforts in developing techniques for "fingerprinting" nuclear material and encouraged U.S. President Barack Obama to negotiate international agreements to govern international nuclear forensics activities.Schiff is also leading the effort to combat intellectual property theft. He is a co-chair of the Congressional International Anti-Piracy Caucus, a bipartisan group of House and Senate lawmakers dedicated to working with America's international trading partners to secure the enactment of strong copyright laws as well as their vigilant enforcement.Schiff said Hollywood movies are popular in China and the movie industry is one of the few sectors enjoying a trade surplus.He said it was important for the U.S. to strengthen its efforts to fight piracy, admitting that in this field, the United States and China had many concerns.
CHONGQING, May 19 (Xinhua) -- Four miners are missing after a coal mine collapsed in southwest China's Chongqing Municipality Wednesday, local authorities said.Five miners were working underground when the coal bed at the Xiaowan Coal Mine collapsed at around 1 p.m. Wednesday in Zhonggang Town, Wuxi County.One miner was lifted to the ground unhurt.Rescuers are searching for the missing miners.
BEIJING, May 23 (Xinhua) -- Chinese Premier Wen Jiabao has called on authorities to ensure earthquake survivors in Qinghai Province receive adequate food and financial assistance to maintain their livelihoods. Rebuilding projects should be finished within three years, with a priority on residential buildings and public facilities such as schools and hospitals, Wen said.Wen made the call in a speech, which was published Sunday by the State Council General Office, at a meeting to discuss relief work on May 1 during his second visit to the quake zone in Yushu prefecture.Wen said supplies of food, cooking oil, vegetables, fuel and relief allowances should be provided to ensure living standards, and schools should resume as soon as possible in tents or temporary buildings.Debris should be cleared quickly, and the disposal of garbage, human waste and livestock carcases must be properly carried out, Wen said.Adequate disinfectant chemicals and equipment should be prepared, and authorities should be alert for outbreaks of disease, Wen said.Damaged roads and bridges should be repaired and airport operations should be guaranteed to maintain efficient transport. Water and power supplies should also be restored rapidly, Wen said.Agricultural production should be restored, and the government must help farmers buy seed and fertilizers. Markets should be rebuilt and goods supplies and prices stabilized, Wen said.Psychological assistance should be provided to people suffering from trauma problems.Reconstruction planning should be scientifically evaluated on the basis of the surveys of the area's geological, hydrological and ecological conditions, and reconstruction sites should avoid earthquake fault lines, Wen said.He urged authorities to take into consideration the environment, economic and social development, poverty alleviation and livelihood promotion in the reconstruction.The work should also be carried out with concern for the prefecture's distinctive ethnic characteristics and geological conditions.Wen stressed in particular the protection of Tibetan culture during reconstruction work, and he promised the government would support the repair of damaged temples and protect key cultural relics.Because Yushu's ecosystem is fragile and sensitive to human activities, rebuilding work must be environmentally friendly, with a high recycling rate of building materials, he said.The reconstruction fund would be provided by the central government and supported by public donations. Favorable taxation, employment, finance and land use policies would also be enacted, Wen said.The premier praised ethnic and religious groups who had played important role in relief work. He said efforts should be intensified to maintain ethnic unity and avoid disputes.He also urged local authorities to care for the relief workers, and guarantee their basic working and living conditions.Wen first visited Yushu on April 15, the day after the 7.1-magnitude earthquake, which killed at least 2,200 people and left more than 100,000 homeless.