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BEIJING, Dec. 31 (Xinhua) -- On the last trading day of 2010, the Chinese currency, the yuan, strengthened to a record high for a second consecutive day, at 6.6227 per U.S. dollar, after 11 consecutive days of gains.The central parity rate of the currency, also known as the renminbi (RMB), was set two basis points stronger than Thursday's 6.6229, according to the China Foreign Exchange Trading system.China's central bank announced on June 19 it would further reform the formation mechanism of the yuan exchange rate to improve its flexibility.

SINGAPORE, Nov. 14 (Xinhua) -- Chinese Vice President Xi Jinping said here Sunday that China attaches great importance to the development of relations with Singapore and is willing to continue to expand and deepen friendly cooperation of mutual benefit on the basis of mutual respect and equality.When meeting with Singapore Deputy Prime Minister Wong Kan Seng, Xi said China, together with Singapore, will promote the overall and sound development of bilateral relations from the new starting point of the 20th anniversary of the establishment of diplomatic ties so as to further benefit the peoples of the two countries.In the past decades, the bilateral relations have developed rapidly with considerable broadness and in-depth, said Xi, adding that the two countries have enjoyed high level of economic and trade cooperation which can be served as a good model.Chinese Vice President Xi Jinping (L) shakes hands with Singaporean Deputy Prime Minister Wong Kan Seng during their meeting in Singapore, Nov. 14, 2010.He said China and Singapore have achieved fruitful results in human resources and governance exchanges, and conducted close coordination in regards of major international and regional issues.Leaders of the two countries always consider the bilateral relations from strategic and long-term perspective so that the relations have maintained sustainable, stable and sound development, Xi said.With three cooperative mechanisms of vice-prime-minister level in place, the two sides witnessed rapid progress in such fields as hi-tech, Singapore's participation in China's local development, " Going Out" of Chinese enterprises, and human resources development, he said.Xi hoped the joint committee of bilateral relations, a major mechanism, will further offer more support to cooperation in various fields of the two countries so as to achieve mutual benefit and win-win results.China is still a developing country, and faces an arduous task to develop economy and improve people's life, though it has gained the remarkable achievement since the reform and opening-up, Xi said.Wong Kan Seng said it is of great significance of Xi's visit at the 20th anniversary of the establishment of diplomatic relations between the two countries.Singapore and China have a sound and strong basis in their relations, Wong said, adding that a successful and strong China will be conducive to the development of Singapore, also conducive to the benefit of countries in the region.Singapore will further the exchanges and cooperation with China to promote the bilateral relations to a new level.

MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao Saturday respectively met here with leaders of Portugal, Timor-Leste, Mozambique and Guinea Bissau, who came to Macao to attend the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries.Wen held respective meetings with Portuguese Prime Minister Jose Socrates, Timor-Leste president Jose Ramos Horta, Mozambique Prime Minister Aires Bonifacio Baptista Ali, and Guinea-Bissau Prime Minister Carlos Gomes Junior.During his meeting with Jose Socrates, Wen said that Chinese President Hu Jintao paid a successful recent visit to Portugal, bringing the development of the two countries' relations to a new level.He pointed out that China encourages capable enterprises to invest in Portugal and is willing to expand its import from the European nation, in a bid to realize the goal of doubling bilateral trade volume by 2015. He also said that the two countries should explore cooperation in fields such as energy, tourism, logistics and traffic, promoting the deepening and sustainable development of bilateral ties of economy and trade.For his part, the Portuguese Prime Minister said in the meeting that Portugal appreciates China's support, welcomes Chinese enterprises to expand their investment in his country and is willing to deepen bilateral cooperation in various fields, so that the two sides can push forward their relations and achieve more fruitful results.When meeting with Jose Ramos Horta, Wen said that the people of China and Timor-Leste have forged a deep and profound friendship, and the two nations have established a solid political foundation.

BEIJING, Jan. 12 (Xinhua) -- U.S. Ambassador to China Jon Huntsman on Wednesday said Chinese President Hu Jintao's state visit to Washington later this month will be "exciting and historic.""State visit is the highest level of welcome that is accorded to a foreign head of state. Hu's state visit is a very exiting and historic time in U.S.-China relationship," Huntsman told a press briefing on Wednesday.Hu will pay a state visit to the United States from Jan.18 to 21 at the invitation of U.S. President Barack Obama."It is the first time that the two heads of state meet when they represent the two largest economies...Their influence is derived from the world, not form a region," Huntsman said.The ambassador said it was noteworthy that over the years Obama and Hu had met 7 times and developed a "friendly, cordial and confident" relationship.He hailed efforts on both sides to build a positive, cooperative and comprehensive U.S.-China relationship, citing the high-level meetings like Strategic and Economic Dialogue, Joint Commission on Commerce and Trade as well as some cabinet-level visits like Defense Secretary Robert Gates' just concluded trip to Beijing.In a relationship that is as mature, direct and candid as U.S.-China relationship, there will inevitably be some areas of disagreements, Huntsman said."Divergences are largely outweighed by areas of convergences," he said.Ambassador said the United States and China would increasingly find common ground."As both countries are on the world stage, they will see a similar level of responsibility in terms of problems and deal realistically with the issues that confront the world, ranging from Iran nuclear issues and Korean Peninsula tensions to economic rebalance and climate change," Huntsman said.