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BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.The U.S. dollar, serving as both the U.S. currency and the most important international currency, will be used for U.S. policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.He urged Chinese banks in foreign countries to offer funding in yuan.He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.

BANGKOK, Nov. 10 (Xinhua) -- Visiting Chinese top legislator Wu Bangguo announced here Wednesday that China will provide 10- million-yuan in cash aid to flood-hit Thailand. "China decided to offer Thailand a humanitarian emergency aid worth 10 million yuan and stood ready to provide other help,"Wu said in a meeting with Thai Prime Minister Abhisit Vejjajiva.At least 181 people in Thailand were killed in nationwide floods that hace stricken the country since Oct. 10. "We are convinced that Thai people, under the leadership of Thai government, would definitely overcome disasters," said Wu, chairman of the Standing Committee of the National People's Congress, the country's top legislature.Abhisit thanked the Chinese government and people for offering generous support to disaster-devastated Thailand.Wu Bangguo (L), chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, meets with Thai Prime Minister Abhisit Vejjajiva in Bangkok, capital of Thailand, Nov. 10, 2010.Wu arrived in Bangkok Wednesday afternoon for an official visit to Thailand as the guest of the President of the National Assembly of Thailand Chai Chidchob. "My visit here is aimed at seeking bolstering friendly China- Thailand relations to a new high," Wu told Abhisit.Wu appreciated Thai royal family, government and parliament's adherence to the one-China policy and their support for China on issues concerning Taiwan, Tibet and Xinjiang Uygur autonomous region.To consolidate bilateral ties, Wu proposed the two countries maintain high-ranking officials' exchanges of visits and deepen political trust.On a free trade agreement between China and the Association of Southeast Asian Nations (ASEAN) took effect at the start of this year, Wu said the two countries should make best of the free trade area and expand cooperation in traditional fields of trade, agriculture and tourism."Priority should be given to cooperation in infrastructure, new energy, high-technology, particularly in investment, big projects and businesses," Wu said.

YAOUNDE, Jan. 13 (Xinhua) -- Visiting Chinese Vice Premier Hui Liangyu has met here with Cameroon's Prime Minister Philemon Yang with both vowing to further develop bilateral ties.During their meeting on Wednesday, Hui said since the establishment of diplomatic ties between China and Cameroon 40 years ago, the peoples of the two countries have stood together through thick and thin and enjoyed the steady development of bilateral ties featured with political mutual trust, frequent exchange of high-level visits and increasing volumes in bilateral trade.Hui said the friendly cooperation ties between China and Cameroon are in the fundamental interests of the two countries and the two peoples and contribute to the common development of the two countries.He said China is willing to work together with Cameroon so as to push the bilateral ties to a new high.Hui also made five-point proposals on developing the China- Cameroon ties which include further consolidating the political foundation of bilateral ties and continuing to understand and support each other on the important issues of core interests and common concern, further expanding economic and trade cooperation with China continuing to encourage its enterprises to cooperate with Cameroon in the sectors, among others, of infrastructure construction and air transportation, boosting agricultural cooperation and explore the ways and means of strengthening and deepening agricultural cooperation between the two countries, enriching the people to people and cultural exchanges of the two countries and considering to sign the new implementation plan of the cultural accords between the two governments at an appropriate time and strengthening the cooperation and coordination between the two sides in international affairs and working together to maintain the interests of the developing countries.For his part, Philemon Yang said in the past 40 years, Cameroon has always regarded China as a friend that can be trusted and the two countries have conducted cooperation in various areas.The prime minister said that his country is pleased that China has kept creating economic miracles, and that China has shared its development achievements with the world so as to realize the win- win.Philemon hoped that China will provide more aid to Cameroon in the sectors of irrigation works and highway construction.After their meeting, Hui and Philemon attended the signing ceremony of four accords including the economic and technology cooperation accord between the two governments.

BEIJING, Nov. 17 (Xinhua) -- China's coal mine safety watchdog said Wednesday that the nation would require all coal mines to be equipped with emergency shelter systems to protect miners before June 2013.Also, the country's State Administration of Coal Mine Safety (SACMS) has required all mines to complete installation of four systems, including coal mine monitoring, pressure fan facilities, water supplies, and communications before the end of this year.Further, centrally-administered coal mine companies and major state-owned coal mines must also install positioning systems for workers underground, said Zhao Tiechui, SACMS chief.Meanwhile, centrally-administered coal mines and major state-owned coal mines must set an example by completing the construction of emergency shelter facilities before June 2012, Zhao said.More than 2,000 miners were killed in coal mines last year in China. Though the fatalities were significantly reduced from the peak of nearly 7,000 deaths in 2002, the situation still remains grim.Just last month, a gas leak at a coal mine in central China's Henan Province left more than 30 people dead.

BEIJING, Jan. 12 (Xinhua) -- U.S. Ambassador to China Jon Huntsman on Wednesday said Chinese President Hu Jintao's state visit to Washington later this month will be "exciting and historic.""State visit is the highest level of welcome that is accorded to a foreign head of state. Hu's state visit is a very exiting and historic time in U.S.-China relationship," Huntsman told a press briefing on Wednesday.Hu will pay a state visit to the United States from Jan.18 to 21 at the invitation of U.S. President Barack Obama."It is the first time that the two heads of state meet when they represent the two largest economies...Their influence is derived from the world, not form a region," Huntsman said.The ambassador said it was noteworthy that over the years Obama and Hu had met 7 times and developed a "friendly, cordial and confident" relationship.He hailed efforts on both sides to build a positive, cooperative and comprehensive U.S.-China relationship, citing the high-level meetings like Strategic and Economic Dialogue, Joint Commission on Commerce and Trade as well as some cabinet-level visits like Defense Secretary Robert Gates' just concluded trip to Beijing.In a relationship that is as mature, direct and candid as U.S.-China relationship, there will inevitably be some areas of disagreements, Huntsman said."Divergences are largely outweighed by areas of convergences," he said.Ambassador said the United States and China would increasingly find common ground."As both countries are on the world stage, they will see a similar level of responsibility in terms of problems and deal realistically with the issues that confront the world, ranging from Iran nuclear issues and Korean Peninsula tensions to economic rebalance and climate change," Huntsman said.

来源：资阳报