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BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

GENEVA, July 19 (Xinhua) -- China's top legislator reiterated his country's support for the UN's core role in international affairs and calls for an accelerated process of the UN Millennium Development Goals (MDGs) during a meeting Monday with UN Secretary General Ban Ki-moon.Wu Bangguo, chairman of the Standing Committee of China's National People's Congress (NPC), said China believes the United Nations can play a key role in world affairs.He said China has cooperated well with the organization and it will fulfill its obligations and responsibility while firmly supporting the objectives and principles of the UN charter.Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress (NPC), meets with Secretary-General of the United Nations Ban Ki-Moon in Geneva, Switzerland, July 19, 2010.Wu said the UN MDGs have gained positive achievement since their adoption in 2000. However, he said, the world is facing more pressing and difficult missions to materialize the millennium goals due to the global financial crisis. That, he said, requires the international community to work even harder.Wu said both the ongoing Third World Conference of Speakers of Parliament and the UN summit on MDGs set for September in New York have listed UN MDGs on their agendas, showing international consensus on the issue.Ban said China is playing an ever important role in international affairs and the United Nations expects to conduct deeper cooperation with China.He also said the third world parliament speakers summit was very significant as the UN needs supports from both the executive and legislative bodies of its member states.

ULAN BATOR, Aug. 16 (Xinhua) -- Mongolian Prime Minister Sukhbaatar Batbold Monday discussed bilateral ties here with Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee.Batbold, also chairman of the Mongolian People's Revolutionary Party, said Mongolia will continue to work with China to add new substance to the Mongolia-China good-neighborly partnership of mutual trust and push the ties between the two parties and countries to a new stage.He said the partnership has moved forward smoothly in recent years, and the two parties have continuously deepened their exchanges and cooperation in various fields.Developing its ties with China is among the priorities of the foreign policy of the Mongolia's government, and is in the interests of the two peoples, he added.Wang, for his part, conveyed the sincere greetings and good wishes of President Hu Jintao, Premier Wen Jiabao and other Chinese leaders to Batbold.Wang said China would like to make joint efforts with Mongolia to implement the important consensus reached between leaders of the two countries, and take into account each other's core interest and major concerns. The two sides should push their bilateral partnership to a new high, and bring tangible benefits to the two peoples so that they can forever be good neighbors, friends and partners, he added.Wang kicked off the visit to Mongolia Sunday.

BEIJING, Aug. 24 (Xinhua) -- China and South Africa announced a "comprehensive strategic partnership" on Tuesday during South African President Jacob Zuma's first state visit to China.Chinese President Hu Jintao and Zuma signed the Beijing Declaration after their one-hour talk in the Great Hall of the People Tuesday afternoon, during which the two presidents praised the growth of bilateral ties and agreed to lift relations to new heights."In this new spirit of China-South Africa relations, we will work together to advance the bilateral comprehensive strategic partnership," Hu told Zuma.Hu made specific proposals that the two countries maintain close contacts between leaders, utilize cooperative mechanism to further implement bilateral cooperation documents and strengthen exchanges between ruling parties and legislatures.In the economic area, Hu hoped both sides would promote trade and investment growth, energy cooperation and optimize financial services.China and South Africa need to work together in culture, education, media, health and tourism, Hu said, bolstering more academic and research cooperation.On the multilateral front, the countries need to improve consultation and coordination to further South-to-South cooperation and tackle global challenges.

HONG KONG, Aug. 25 (Xinhua) -- A chartered plane, carrying the bodies of the eight victims, victims' relatives and survivors in the hostage crisis in Philippine capital Manila, arrived at the Hong Kong International Airport on Wednesday evening.Following the arrival, an around-90-minute condolence ceremony was held at the airport, with a senior Hong Kong official and the victims' relatives laying wreaths on the coffins.In a speech after the ceremony, Chief Secretary for Administration of the Hong Kong government Henry Tang urged the Philippine government to provide a detailed account of the causes of death and injury.COMING HOMEThe chartered plane of Cathay Pacific flight number CX 2903, which carried the coffins bearing the bodies of the victims, victims' relatives, several survivors and their kins, arrived in Hong Kong at 7:50 p.m. local time (1150 GMT).The chartered flight took off around 6:19 p.m. local time in Manila after a brief farewell ceremony.The eight slain Hong Kongers and the survivors were among the 21 Hong Kong tourists who were caught in a 11-hour hostage crisis in Manila on Monday. It ended on Monday night with eight hostages killed and seven others injured, one of whom still in critical condition.Upon arrival, Henry Tang, along with President of Hong Kong's Legislative Council Jasper Tsang, Governor of the Non-official Members of Hong Kong's Executive Council Leung Chun-ying, Commissioner of the Ministry of Foreign Affairs Lu Xinhua, and deputy director of the Liaison Office of the Central People's Government in Hong Kong Li Gang, stepped onto the plane to receive them home.After that, a solemn and heart-stricken ceremony was staged at the airport, which was live broadcast by the city's main TV stations.Pulled by trailers, coffins of the eight dead Hong Kongers, batch by batch separated by family, passed and stopped before a crowd of officials and families amid mournful music.Tang and tearful family members of the eight victims laid wreaths on the coffins of the eight victims, before the bodies were sent to Kwai Chung Public Mortuary.Some of the injured were sent to local hospitals, where Hong Kong's Chief Executive Donald Tsang later visited them.

来源：资阳报