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BEIJING, July 22 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), weakened to 6.7859 per U.S. dollar Thursday from 6.7802 per U.S. dollar Wednesday, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.

UNITED NATIONS, June 29 (Xinhua) -- "China is both a strong supporter for and an active participant in the South-South Cooperation," a senior Chinese official said here Tuesday.Yi Xiaozhun, the Chinese vice minister of commerce, made the statement as he was delivering a keynote speech at the Development Cooperation Forum, sponsored by the UN Department of Economic and Social Affairs, at the UN Headquarters in New York."This year marks the 60th anniversary of China's technical assistance to other developing countries through South-South Cooperation," Yi said. "It also marks the 31st anniversary of China as a beneficiary of the UN development assistance system."Promoting South-South Cooperation and "help each other among the developing countries" is the centerpiece of development cooperation, he said. "As the developing countries are at similar levels of development and facing similar economic and social development problems, they can better appreciate the development needs of each other.""China supports the 'Beyond Aid' initiative proposed in the UN secretary-general's report and emphasizes the need for enhanced policy coherence, host country ownership and capacity building over cash assistance," he said."With the concept of 'blood generation over blood transfusion', China believes that it is better to help host countries build long-term sustainability than to resort to short- term interventions and be overly dependent on foreign aid," he said. "An integrated and holistic approach should therefore be adopted by incorporating trade, investment, technology transfer, capacity building and other elements into the development policies. ""Developing countries should also take the initiative into their own hands in order to identify the policies and solutions most responsive to their own needs," he said."China has tried similar approaches and learned some useful lessons," he said."First, providing non-politically conditioned assistance to developing countries," he said.

BEIJING, Aug. 13 (Xinhua) -- China and Switzerland on Friday agreed to start free trade agreement (FTA) talks, as the two states celebrate their 60th anniversary of diplomatic ties.Chinese President Hu Jintao and his Swiss counterpart, Doris Leuthard, witnessed the signing of the memorandum of understanding on finishing the FTA feasibility study that was started in 2009.The two states will begin FTA talks as soon as possible, the Chinese Ministry of Commerce said in a statement.Chinese President Hu Jintao (R) meets with Doris Leuthard, president of the Swiss Confederation and head of the Federal Department of Economic Affairs, at the Great Hall of the People in Beijing, capital of China, Aug. 13, 2010.As one of the first Western countries to forge diplomatic relations with the People's Republic of China, Switzerland has become China's major trade partner in Europe."Facing new opportunities, China-Switzerland relations are at a new starting point," Hu told Leuthard during their 30-minute meeting at the Great Hall of the People in Beijing.President Hu hailed the development of bilateral relations and pledged to further expand political trust and trade and economic cooperation.Leuthard conveyed her nation's condolences to China over the series of natural disasters the country has suffered recently.Leuthard also said Switzerland will stick to the one-China policy.In China for a working visit, Leuthard also said the two states should boost cooperation in finance, education, culture, environmental protection, tourism and on international affairs.

BEIJING, Aug. 11 (Xinhua) -- China's consumer price index (CPI), one of the main gauges of inflation, rose to its highest level this year boosted by rising food prices.The CPI gained 3.3 percent in July from a year earlier, 0.4 percentage points higher than in June, the National Bureau of Statistics (NBS) said Wednesday. It has exceeded the 3-percent full-year target ceiling the government set in March.Food prices, which account for about a third of the weighting in calculating the CPI, climbed 6.8 percent in July, compared with June's increase of 5.7 percent.The country's CPI gained 2.7 percent year on year in the first seven months of this year, 0.1 percentage points higher than the January-June figure, the NBS said.The producer price index, a major measure of inflation at the wholesale level, grew 4.8 percent year on year in July, 1.6 percentage points lower than in June, the NBS said.

BEIJING, June 22 (Xinhua) -- As a large number of new sites were discovered during the most recent survey of national cultural relics, Chinese State Councilor Liu Yandong called for the careful filing and scientific preservation of all survey results on Tuesday.Liu made the remarks at a meeting of the third national cultural relics survey, which is expected to pave the way for improved rules on the protection of cultural relics.During the meeting, Liu hailed the current progress of the survey and extended her greetings to all who are working to preserve the nation's sites of cultural relics.Liu said the cultural relics survey is the foundation for protecting and putting to use the country's cultural relics in a scientific way, and is also a key part of evaluating the country's soft power.According to Liu, the on-spot investigation phase has finished, and "a large number of varied, new cultural relics sites" were discovered across the country.Though without overall figures, Liu revealed that newly discovered sites covered fields such as the history of the Party and the period of the revolution, the industrial heritage and traditional rural architecture, as well as others fields of study.The survey, which began in April 2007, will continue until December 2011.