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BEIJING, Sept. 21 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Monday and extended the Chinese currency's gains to eight consecutive trading days.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 1.87 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.According to Tuesday's central parity rates, the yuan's value strengthened against all the currencies within its basket with lower rates.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 8.7522 Tuesday, lower from 8.7595 Monday.The yuan's rate against 100 yen was 7.8204 Tuesday, compared with 7.8275 Monday.The Chinese currency soared 814 basis points against the British pound with the central parity rate being set at 10.42 from Monday's 10.5014.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.
WASHINGTON, Sept. 3 (Xinhua) -- Senior Chinese and U.S. diplomats have agreed to work together to advance the stalled six-party talks on denuclearization of the Korean Peninsula.Wu Dawei, China's special representative for Korean Peninsula affairs, held separate meetings during a visit here between Aug. 31 and Sept. 3 with U.S. Deputy Secretary of State James Steinberg, special envoy for the Democratic People's Republic of Korea (DPRK) Stephen Bosworth, Assistant Secretary of State Kurt Campbell and the White House chief adviser on Asia Jeff Bader.Both sides agreed to play a constructive role in maintaining peace and stability on the Korean Peninsula.China and the U.S. also believed the six-party talks was an effective tool to maintain peace and stability within the peninsula, as well as to denuclearize the region.The two countries want to work with other related parties to create conditions to push the talks forward. In addition to China, the U.S., DPRK and South Korea, other parties to the talks include Japan and Russia.
ATHENS, Oct. 2 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday made a five-point proposal on boosting ties with Greece during talks with his Greek counterpart George Papandreou, stressing that China is willing to work with the European country to combat the lingering financial crisis.Wen arrived in Athens earlier in the day, starting a three-day official visit to the country, the first by a Chinese premier in 24 years.Papandreou held a grand welcoming ceremony for Wen after the Chinese premier's arrival.Wen said both countries were great civilizations in the history and the people of the two countries have always been amicable to each other. There have been consistent mutual support, mutual help and solid political mutual trust between the two nations for a long time.Greek Prime Minister George Papandreou (R) shakes hands with Chinese Premier Wen Jiabao during a press conference in Athens, Greece, on Oct. 2, 2010."Currently, Greece is actively dealing with the impact inflicted by the sovereign debt crisis and has experienced the hardest time," Wen said during the talks with Papandreou."China will work with Greece to deal with various challenges and deepen the China-Greece comprehensive strategic partnership," he added.China has bought and is now holding Greece's treasury bonds, and will continue to "take positive attitude to participate in the purchase of Greece's new treasury bonds," said Wen, adding that it served as one of China's measures to help the sovereign debt-ridden country.Wen put forward a five-point proposal for the further development of China-Greece ties concerning cooperation in maritime transportation, trade and investment.China will set up a special fund on China-Greece shipping cooperation, with the initial part of 5 billion U.S. dollars, in a bid to promote cooperation in maritime transportation between the two countries, said Wen.He added China will help upgrade Greece's southeast and largest port Piraeus to a distributing center for Chinese exports to Europe.Wen said he believes it is realizable for trade volume between the two countries to double and reach the goal of 8 billion dollars in five years, adding China will expand the import from Greece.
BEIJING, Aug. 28 (Xinhua) -- China's top political advisor Jia Qinglin on Friday watched a classical Peking Opera show along with other audience in Beijing.The opera "Women General of Yang Family", which was staged at the Mei Lanfang Theatre, starred three generations of artists with the China National Peking Opera Company (CNPOC).The opera, set against the backdrop of warfares in the Northern Song Dynasty (960-1127), eulogizes the patriotism demonstrated in Yang Family's battle against the invading Liao Kingdom and Western Xia Kingdom.The CNPOC created and rehearsed the opera in 1959, which was later widely believed to have marked a milestone for the development of Peking Opera with a history of nearly 200 years.