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BEIJING, June 11 (Xinhua) -- Urban fixed assets investment in China for the first five months rose 25.9 percent year on year to 6.74 trillion yuan (986.76 billion U.S. dollars), the National Bureau of Statistics (NBS) announced Friday.The growth rate was 0.2 percentage points down from that for the first four months, according to figures released by the NBS.In the first five months, central government project investment was 540 billion yuan, up 14.1 percent year on year; investment by local governments soared 27 percent to 6.2 trillion yuan.Investment in railways construction and transportation climbed 20.4 percent to 161.1 billion yuan during the same period.The government is reportedly planning to spend 700 billion yuan on high-speed railway construction this year.Total investment in the primary sector (including farming, fishing and forestry) expanded 16.1 percent from a year earlier.The industrial sector saw investment up 22.4 percent and investment in the tertiary sector, which covers commerce, finance and services, was up 28.8 percent.Property market investment grew 38.2 percent to 1.39 trillion yuan in the first five months, 2 percentage points higher than the figure for the first four months, according to NBS data.

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.

XI'AN, July 25 (Xinhua) -- Two floods and other rain-triggered disasters that hit northwest China's Shaanxi Province in the past 11 days had left at least 111 dead and 167 missing, provincial authorities said Sunday.The first floods, from the rain-swollen Hanjiang River and its tributaries, hit Shaanxi's Ankang, Hanzhong, and Shangluo cities from July 14 to 19. Another flood that began Thursday worsened the catastrophe.The floods have affected about 4.25 million people and forced 703,000 people to be evacuated. In the worst-hit Ankang City, 63 people were killed, 119 missing and 2,824 injured, according to a statement from the provincial government.The floods also caused an estimated economic loss of 9.56 billion yuan. Officials noted that more than 71,000 people were mobilized to assist in the flood control.

BEIJING, July 11 (Xinhua) -- A Chinese government official said Sunday China had approved renewing the operation license of Beijing Guxiang Information Technology Co. Ltd., operator of Google's China website.The official with the Ministry of Industry and Information Technology (MIIT), who spoke anonymously, told Xinhua that the result of its annual checkup on Google was "Approved after Rectification."Guxiang submitted an application letter to the MIIT on June 29 to renew Google's Internet Content Provider (ICP) license, a permit to run websites in China.In the application letter, Guxiang pledged to "abide by Chinese law," and "ensure the company provides no law-breaking content as stipulated in the 57th statement in China's regulations concerning telecommunications."The statement says that any organization or individual is prohibited from using the Internet to spread any content that attempts to subvert state power, undermine national security, infringe on national reputation and interests, or that incites ethnic hatred and secession, transmits pornography or violence.Guxiang also accepted that all content it provides is subject to supervision of government regulators, said the official.

BEIJING, July 10 (Xinhua) - The first Chinese language study program for foreign diplomats concluded on Saturday at Hanban, the executive body of the Chinese Language Council International.The program, which started on February 27 with a two-hour class every Saturday, had attracted 31 diplomats from 16 countries to China. The countries included Slovenia, Benin, Poland, Cameroon, Kenya, Nepal, Namibia, Tanzania, Zimbabwe, Malawi, Hungary, Romania, Bulgaria, Mexico, Afghanistan, and the Philippines."We have a lot to do in China and that makes us feel that it is necessary to learn Chinese. Not only have we learnt the Chinese language, we have also made friends with the dedicated teachers and volunteer students," said Tadeusz Chomicki, Polish Ambassador to China.During the 17-weeks of classes, the foreign diplomats learned how to greet others, shop and ask time in Chinese. They also had classes on Chinese culture, experienced the Peking opera, paper cutting, Chinese calligraphy, and shadow boxing."They were always keeping a very high spirit to learn in all weather," said Xu Lin, director-general of Hanban. "Their enthusiasm towards the Chinese language has moved us a lot," she added.Xu said Hanban had developed diversified methods such as open online classes and after-class online consulting, to help them learn Chinese better.To meet the demand of more foreign diplomats to learn Chinese, Hanban will launch the next Chinese language program in September, Xu said.