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BEIJING, June 10 (Xinhua) -- China's foreign exchange regulator said Thursday it will strengthen monitoring of cross-border capital flows to reduce risk.The regulator will keep a close watch on the economic and financial situation home and abroad this year, the State Administration of Foreign Exchange (SAFE) said in its annual report on management of foreign exchange posted on its website.It will also enhance its monitoring of abnormal cross-border capital flows by cracking down on illegal private banks and internet-based speculation in foreign exchange.The SAFE will maintain a prudent approach to managing foreign currency reserves and will continue to improve its diversification strategy.China's balance of payments continue to expand, albeit slowly, despite the impact of the global financial crisis.At the end of 2009, China's foreign exchange reserves hit 2.4 trillion U.S. dollars, a 453 billion U.S. dollar increase from the end of 2008.China had gold reserves of 1,054 tonnes at the end of last year, the fifth largest in the world.Although gold has commodity and monetary properties, the global gold market is relatively small and illiquid, the report noted, adding that because of its volatile price and high cost of holding and trading, gold has limited utility in asset allocation.

NEW YORK, July 2 (Xinhua) -- In celebration of the 2010 Shanghai World Expo, Nasdaq OMX held a special ceremony and showcased the expo in the heart of Times Square on Friday.Baodong Li, China's Plenipotentiary and Permanent Representative to the United Nations, and Keyu Peng, Consul General of Chinese Consulate General in New York, attended Friday' s opening ceremony at the Nasdaq MarketSite in Times Square.Classical musician Lang Lang, the global promotion ambassador of the Shanghai World Expo, rang the opening bell. Li Baodong (L3), the Chinese ambassador to the UN, Peng Keyu (R2), China's consul general in New York, Chinese pianist Lang Lang (L4), who is also a goodwill ambassador of the Shanghai Expo, and Robert McCooey (R3), Senior Vice President of New Listing and Capital Markets of NASDAQ OMX, stand for group photo in front of a screen at Nasdaq in New York, July 2, 2010. Lang Lang rang the bell for the opening of Nasdaq Friday to promote the ongoing Shanghai World Expo.On July 13th, Lang Lang will perform with the Shanghai Symphony Orchestra and the New York Philharmonic as they launch their 2010 Concert in Central Park. It is the first time ever that the two orchestras will share the stage during New York's famed summer Parks series.Nasdaq will also display celebration messages dedicated to the Shanghai World Expo on its big screen in Times Square all day Friday.

XIAMEN, June 19 (Xinhua) -- Top Chinese political advisor Jia Qinglin called for increasing cooperation and exchanges between the Chinese mainland and Taiwan on Saturday as a means of advancing peaceful development of cross-Strait relations.In his meeting with Taiwanese guests who are in Xiamen to attend the second Straits Forum, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, expressed his hope that the Chinese mainland and Taiwan could continue to host and perfect such grassroots-level forums in the future."(Organizers) should welcome more Taiwanese to participate in the forum, especially those who had never been to the Chinese mainland," Jia said." hspace="0" src="/d/file/p/2010/06/eeb7e8c2214d07bd4bf3647a3374dba4.jpg" border="0" />Jia Qinglin(C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), attends the opening ceremony of the second Strait Forum in Xiamen, southeast China's Fujian Province, on June 19, 2010"People of all parties and all circles, as long as they support cooperation and exchanges across the Taiwan Strait, are welcome to exchange their views at the forum on an equal basis," he said.The Straits Forum, now in its second year, is expected to attract more than 10,000 Taiwanese participants this year. Among them, about 80 percent were non-officials, and over 60 percent were from the central or southern part of the island.Hailing the Straits Forum as a pioneering innovation, Jia said he believed the forum would make greater contributions to grassroots-level exchanges between the Chinese mainland and Taiwan, and contribute to the peaceful development of cross-Strait ties.Huang Ming-hui, vice chairwoman of Taiwan's ruling Kuomintang party, also said enhanced exchanges between the two sides across the Taiwan Strait would help reduce misunderstandings and continuous communications help reach consensus.

MOSCOW, June 24 (Xinhua) -- Mayors of Beijing and Moscow signed here Thursday cooperative plan between the two cities for 2010- 2012.Moscow Mayor Yuri Luzhkov introduced the municipal administration, city plan and economic development to his Beijing counterpart Guo Jinlong, who led a delegation for a visit to Russia starting from June 20.Based on the cooperative plan, official delegations will engage in mutual visits during the three years, as well as exchanges between experts on energy efficiency, security, telecommunications, mass media and management.The plan said both sides would expand cooperation and provide support for each other on promoting economy, city plan and technologies.The two cities would also further develop collaboration and contact in education, social security, environment protection, heritage conservation, culture, sanitation, sports, city infrastructure, among other things.Beijing municipal government also donated two buses with green energy to Moscow.

LAS VEGAS, the United States, Aug. 9 (Xinhua) -- Top-quality light manufactured products and consumer goods have been on display at the China Brand Show 2010 held in Las Vegas since Sunday, as part of China's bid to further enhance the profiles of Chinese-made products and promote closer Sino-U.S. trade and economic relations.Co-hosted by the Chinese Ministry of Commerce (MOFCOM), and the Zhejiang and Fujian Provincial Governments, the exhibition is being held from Aug. 8 through Aug. 11. It has been staged in the United States for seven years in a row.A ribbon-cutting ceremony was held at the Las Vegas Convention Center on Monday morning. Ranking officials from MOFCOM, Zhejiang and Fujian provinces and Nevada and Las Vegas participated in the event. Around 200 people witnessed the occasion."The China Brand Show has become an important window for U.S. enterprises and consumers to understand 'Made in China,' Chinese brands and Chinese enterprises," said Wen Zhongliang, Deputy Chief of the Department of Foreign Trade under the Chinese Ministry of Commerce. "Also, the show is more and more attractive to Chinese enterprises."The show occupies a total exhibition area of 4,500 sq m and hosts 229 carefully selected top-brand Chinese firms from 18 provinces and cities in China, including Zhejiang, Fujian, Jiangsu, and Guangdong.The exhibits, including light manufactured products, consumer and household electronic goods, feature high-technology and ingenious design and represent a new dimension of China's latest economic achievements. This year's show has set records in scale, exhibitors and exhibit varieties.The show has served as a platform where corporate image can be built, products showcased and positive conditions for cultivating well-known Chinese brands created, the organizers said.For the past four years in a row, the show has been hosted in Las Vegas, one of the ideal venues for exhibitors around the world. China and Nevada have "a great future together as trade partners and friends," Lorraine Hunt-Bono, Commissioner and former Lt. Governor of Nevada, said.The appearance of participating enterprises and products in the show will not only facilitate American consumers to buy Chinese goods, but also provide cooperation opportunities for firms of the two countries."The increasingly close Sino-U.S. economic and trade cooperation not only benefits the peoples of both countries, but also provides new impetus for the development of bilateral relations, and contributes to the recovery of the global economy to a steady growth," Wen, the MOFCOM official, added.