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"The RMB exchange rate has gradually met the requirements for greater floating," Zhou said. "The PBOC is considering that the yuan's daily floating band could be increased."

China will not develop its military strength beyond national security demands and economic capability, and will not conduct an arms race with any country, Geng said.

BEIJING, Feb. 15 (Xinhua) -- China on Wednesday issued a national outline for cultural reform and development for the 2011-2015 period, calling for further efforts to promote the cultural industry's development and boost the country's cultural influence.

Nan, credited with leading China into their only World Cup finals, has been charged with 17 counts of taking bribes worth 1.48 million yuan (about 235,000 U.S. dollars), while Xie was accused of accepting bribes totalling more than 1.7 million yuan (273,000 U.S. dollars).

Nineteen people have been prosecuted thus far, with 12 government officials losing their positions for their dereliction of duty, said Zhou Yuhua, head of the Shandong provincial higher people's court.