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CHANGSHA, Dec. 19 (Xinhua) -- The death toll in a fireworks blast in central China' s Hunan Province rose from an earlier announced nine to 12 after DNA tests results were completed , local authorities said Sunday night.Another two people were believed to be missing, police said, adding that three of the 12 victims were still to be identified.The blast, which also injured nine others, occurred in Ningxiang County of Changsha, the provincial capital, at about 9:30 p.m. Friday when a truck loaded with fireworks fuses hit a power pole and sparks from fallen cables ignited the fuses.The blast destroyed the truck and nearby houses, shattering windows and cracking walls hundreds of meters away.Rescue work and clean-up at the site ended on Sunday, a local government spokesman said.The nine injured, who are being treated in hospital, are in stable conditions, according to the spokesman.However, the whereabouts of the truck driver remains unknown.Police continue investigating the accident.

BEIJING, Jan. 14 (Xinhua) -- China will increase the flexibility of the yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.China will continue the reform of the yuan exchange rate mechanism and keep the rate basically stable at a reasonable and balanced level, Li Dongrong, assistant governor of the People's Bank of China, said at a forum. The speech was posted on the central bank's website.The Chinese yuan strengthened to a record high against the U.S. dollar Friday, the central parity rate reaching 6.5896, the second straight day it has been set below 6.6 per dollar, according to the China Foreign Exchange Trading System.The currency has risen by more than 3 percent since the country's central bank announced in June 2010 it would further reform the yuan exchange rate formation mechanism to improve its flexibility.Li also said the central bank will work to expand trials of cross-border yuan settlement, to facilitate trade and investment.The central bank will promote the policy of allowing exporters to park their foreign revenue overseas, Li said, adding that it will further develop the foreign reserves market and create tools to hedge exchange rate risk.Li's speech came after the central bank announced Thursday the nation's qualified businesses and banks may settle their overseas direct investment in yuan, a move that expands the Chinese currency's global reach and eases excess domestic liquidity concerns.Li also voiced concern about loose credit globally, saying such policies are adding to capital-inflow and currency-appreciation pressures, leading to asset bubbles in some emerging economies.China still faces many challenges, Li said. "Expectations for inflation are rising. Housing prices are still high in some cities. Pressure from continuous inflows of foreign capital is increasingly evident," he said.The central bank will soundly manage money supply and maintain reasonable growth in credit, he added.

OSLO, Jan. 13 (Xinhua) -- Jan Egeland, director of the Norwegian Institute of International Affairs, on Thursday spoke highly of China's timely assistance to a Europe struggling in deep financial crisis.In an article published on the Thursday issue of the Norwegian- language newspaper Aftenposten, Egeland said that 150 years after Britain and other Western countries forced China to accept the opium trade in Chinese cities, crisis-hit European countries are now hoping to have investment and assistance from China.Three years ago nobody would have thought that China would emerge as a contributor to the euro's survival and to save the European countries from financial bankruptcy, he said in the article."We live in a world of radical change -- 2011 is the year when we will definitely see that the economic and political center of gravity is moving eastward," the author said.Large parts of Asia, Latin America and Africa as well as the Middle East are marked by optimism, growth and investment. But in the forefront is China, which is making investments in Europe and America, the article said.It is equally sobering to click on costofwar.com to see how quickly the U.S. government spends billions in Afghanistan and Iraq as 1.1 trillion U.S. dollars have been spent on the two wars there, Egeland said.Beijing, already a major investor in Greece and in talks with Ireland, has bought nearly 50 billion of Spain's government debt, said the article. Chinese Vice Premier Li Keqiang has just concluded a visit to Spain, Germany and Britain with over 100 prominent Chinese businessmen. During this visit, he said that China will contribute to help Europe get out of the crisis, the article added."There is every reason to believe that China does not want revenge on earlier humiliation, but actually want to contribute to both the U.S. and Europe to avoid economic chaos. Lenders earn little when the borrowers go bankrupt," said Egeland.

来源：资阳报