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SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.

BEIJING, Oct. 11 (Xinhua) -- The value of yuan, China's currency Renminbi, hit new high against U.S. dollar Monday as the central parity rate of the yuan was set at 6.6732 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Monday's central parity rate beat the previous record of 6.6830 on Oct. 8.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 Monday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.26 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.China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said in Washington on Sunday.

BEIJING, Oct. 11 (Xinhua) -- China has kept a "generally stable" coal mine safety record in the first nine months of 2010, as the death toll caused by accidents remained almost flat over the same period last year, Zhao Tiechui, head of the State Administration of Coal Mine Safety (SACMS), said here Monday.From January to September, the nation's coal output reached 2.44 billion tonnes, up 17.2 percent, but accidents dropped 13.2 percent year on year, Zhao said.He did not give any actual numbers of coal mine accidents or deaths caused during period, but said the death ratio per million tons of coal output stood at 0.783 percent, down 13.9 percent over the same period last year.According to the SACMS's last publicized figures, deaths from coal mine accidents totaled 3,215 in China in 2008. In the January-September period of 2009, China recorded 591 fewer deaths from coal mine accidents, down by 23.8 percent from the 2008 level.Gas explosions, floods and fires inside coal mines were frequent occurrences during the first nine months, posing severe safety challenges to China's coal mine production, Zhao said.In a separate report by the State Administration of Work Safety in July this year, workplace accidents left 33,876 people dead in China during the first half of the year.

BEIJING, Aug. 30 (Xinhua) -- Chinese President Hu Jintao held talks last Friday with top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Il in Changchun, capital city of northeast China' s Jilin Province.Kim, general secretary of the Worker' s Party of Korea (WPK) and chairman of the DPRK National Defense Commission, paid an unofficial visit to China from August 26 to 30 at the invitation of Hu, also general secretary of the Central Committee of the Communist Party of China (CPC).Hu said that at present, China and the DPRK are increasing vigorous exchange and cooperation in various fields, among various departments and between provinces along the borders. The two sides have maintained close communication and coordination on issues of the Korean Peninsula and the region.Hu said China is ready to work with the DPRK to carefully safeguard and develop friendly and cooperative relations between the two countries.During the talks, Hu put forward three proposals for further strengthening relations between the CPC and the WPK and between the two countries.Firstly, the two sides should maintain high-level contact, which is of great significance to continuously pushing forward the development of the China-DPRK links. Leaders of the two sides should continue to maintain regular communication in various forms.Secondly, the two sides should advance trade and economic cooperation. Expanding and deepening mutually beneficial and win-win trade and economic cooperation is in the basic interests of the two peoples. China is ready to grow trade and economic cooperation on the principles of government guidance with enterprises playing a major role, market operation, and mutual benefits for win-win results.Thirdly, the two sides should strengthen strategic communication. Since the regional and international situation is undergoing profound and complicated changes, prompt, thorough and in-depth communication between China and the DPRK on major issues is of critical importance to effectively maintaining peace and stability in the Northeast Asia region and to promoting common development.

BEIJING, Sept. 1 (Xinhua) -- A senior Chinese official Wednesday urged local governments to cooperate with the central government in supervision and inspection work.He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks at a meeting on central inspection work.Head of the country's discipline and supervision work, He asked officials of local governments, especially those at the county level, to cooperate with central government's inspection teams.The CPC Central Commission for Discipline Inspection, the Ministry of Supervision and other central government agencies have sent inspection teams to more than 900 counties around the country since October 2007 when CPC's 17th National Congress was held.The official said the central government's inspection work is very important for anti-corruption efforts at state-run enterprises.He also pledged to send inspection teams to every state-run enterprise every five years.