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BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.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 Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 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.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 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 on the previous trading day.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.
BEIJING, Oct. 8 (Xinhua) -- China is ready to work closely with the new leadership of the Democratic People's Republic of Korea (DPRK) to cement bilateral friendly cooperative ties, said Chinese Vice President Xi Jinping on Friday.Xi made the remarks while addressing a reception at the DPRK embassy in Beijing to mark the 65th anniversary of the founding of the ruling Workers' Party of Korea (WPK).Xi said over the past 65 years, people of the DPRK had made remarkable achievements in overcoming difficulties, safeguarding national sovereignty and building Korean-style socialism. Chinese Vice President Xi Jinping (1st L) speaks at a banquet to celebrate the 65th anniversary of the founding of the Workers' Party of Korea (WPK), held by the embassy of the Democratic People's Republic of Korea (DPRK) to China in Beijing, capital of China, Oct. 8, 2010.He said General Secretary of the WPK Kim Jong Il had led the party and people to be self-reliant, to struggle arduously and to make great achievements in the cause of building a strong and prosperous socialist country."We believe that under new leadership of the WPK, the DPRK people will see greater progress in developing its economy, improving living standards, achieving peaceful national unification and expanding foreign relations," said Xi.China was glad to see the continous consolidation and development of bilateral ties nurtured by generations of state leaders and the joint efforts of the two peoples.Xi also recalled Kim Jong Il's two China trips this year, in which the DPRK leader had reached important accords with General Secretary Hu Jintao of the Central Committee of the Communist Party of China (CPC)."We are willing to join hands with the DPRK new leadership to further promote China-DPRK friendly cooperative relations in a spirit of carrying forward the tradition, looking forward to the future, developing good-neighborliness and friendship and boosting cooperation," Xi said.About 100 delegates from both countries attended the reception

BEIJING, Sept. 30 (Xinhua) -- A concert was held here Thursday evening to mark the 61st anniversary of the founding of the People's Republic of China, which falls on Friday.Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attended the concert.The concert, divided into three episodes hailing China' s charm, the history of revolution, and current developments, was held in the Great Hall of the People.Other senior Chinese leaders including Liu Qi, Liu Yunshan, and Liu Yandong also attended the concert. Li Changchun (3rd R Front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China, attends a concert celebrating the National Day, which falls on Oct. 1, at the Great Hall of the People in Beijing, capital of China, Sept. 30, 2010.
BEIJING, Sept. 26 (Xinhua) -- Senior Chinese leaders have called for harsh punishments and effective precautions to be taken against public officials' dereliction of duty.Both punishment and precautionary measures were important in promoting social harmony and stability, and should be paid equal attention, they stressed.Wu Bangguo, He Guoqiang and Zhou Yongkang, who are members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during their visit on Sunday to an exhibition on China's procuratorates' work to fight against crimes of malfeasance and rights infringement.The fight against such crimes was also part of the country's anti-corruption campaign, they said.The leaders also called on government officials and Party cadres to take the lead in upholding China's Constitution and laws and make further efforts to improve their awareness of the rule of law.When dealing with cases of officials' negligent conduct, procuratorial agencies should diligently practice their duty of supervision and strictly enforce the laws for the interest of the people, the leaders said.
BEIJING, Sep. 2 (Xinhua) -- China's Vice Premier Zhang Dejiang Thursday called upon Chinese industrial firms to improve the quality of their products as part of the efforts to transform China's economic growth pattern.Chinese enterprises should boost the quality of industrial products by upgrading their technologies and establishing a quality-based credit system of enterprises, said Zhang at a forum held in Beijing which focused on how to improve the quality and reputation of Chinese industrial products.He also called for accelerating the establishment of industrial standardization system, actively taking part in drafting and revising of related international standards and establishing a reward and punishment system that favors firms that manufacture high-quality products.Zhang also urged China's domestic firms to step up efforts to nurture indigenous brands to make "made in China" a byword for high-quality products.
来源:资阳报