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BEIJING, Dec. 8 (Xinhua) -- China's Ministry of Finance said here Wednesday that it will sell a batch of 30-year long-term book-entry treasury bonds this week at a yield of 4.23 percent.The bonds, with a total face value of 28 billion yuan (about 4.2 billion U.S. dollars), will be sold over five days starting Thursday, said the ministry in a statement on its website.The bonds are the 40th batch of the kind to be sold by the ministry this year, and will be the fifth batch of 30-year T-bonds the ministry has sold this year.The bonds will become tradable on Dec. 15 through the national inter-bank bond market and over the counter at designated commercial banks. Interest will be paid every half year.

EDINBURGH, Britain, Jan. 9 (Xinhua) -- Chinese Vice Premier Li Keqiang met with British First Minister of Scotland Alex Salmond in Edinburgh on Sunday to upgrade relations between China and Scotland."Scotland is the first stop in my British visit. Sino-British relations have seen smooth development for a long time, and friendly cooperation between China and Scotland has also been in constant development," said Li.China regards Britain as an important strategic partner, and considers bilateral relationship from an overall, strategic and long-term perspective. China will further promote cooperation between Chinese and British regions including Scotland, which will bring solid benefits to both sides and advance the welfare of the two peoples, he added.Chinese Vice Premier Li Keqiang (L) meets with British First Minister of Scotland Alex Salmond in Edinburgh, Britain, Jan. 9, 2011.Li Keqiang said he appreciate the stance taken by Scotland that takes China's development as an opportunity. He added the new " China Strategy" announced by the Scottish government will help further enhance bilateral cooperation.Scotland, rich in innovative spirit, is leading the world in renewable and green energy. The two sides should boost economic and technical exchanges and cooperation, Li said, adding China is willing to learn from and import technologies, equipment and management expertise from Scotland.Li noted that there is still great potential for the two sides to deepen bilateral cooperation at all levels.In addition to strengthening economic and trade cooperation, he said the two countries should also enhance exchanges in culture, education, tourism and other fields.China supports the joint study of giant panda at the Edingburger zoo, and hopes that panda can become a goodwill ambassador for friendship between the two countries, Li said.Salmond, British first Minister of Scotland, expressed welcome at Li's visit, and hailed the achievement and vigor of China's development. He noted that Scotland has seen increased exchanges and cooperation with China in economy, trade and culture.China's investment in Scotland's infrastructure and renewable energy, and its participation in Scotland's world heritage preservation projects that use advanced technology will be welcome, he said, adding he is looking forward to see giant panda at the Edinburgh zoo.Li also met with Scottish Secretary Michael Moore, and exchanged views on further developing region-to-region exchanges between the two countries, and on promoting cooperation between China and Scotland in economy and trade, finance, energy, food, travel and education.Accompanied by Moore, Li was briefed Sunday afternoon on Scotland's efforts in developing renewable energy, and toured the pelamis wave power factory.On Sunday evening, Li attended the welcoming dinner held by Salmond.Li arrived Edinburgh on Sunday morning for a four-day official visit to Britain. And Britain is the last leg of Li's three-nation Europe tour, which has already taken him to Spain and Germany.

EDINBURGH, Britain, Jan. 9 (Xinhua) -- Chinese Vice Premier Li Keqiang met with British First Minister of Scotland Alex Salmond in Edinburgh on Sunday to upgrade relations between China and Scotland."Scotland is the first stop in my British visit. Sino-British relations have seen smooth development for a long time, and friendly cooperation between China and Scotland has also been in constant development," said Li.China regards Britain as an important strategic partner, and considers bilateral relationship from an overall, strategic and long-term perspective. China will further promote cooperation between Chinese and British regions including Scotland, which will bring solid benefits to both sides and advance the welfare of the two peoples, he added.Chinese Vice Premier Li Keqiang (L) meets with British First Minister of Scotland Alex Salmond in Edinburgh, Britain, Jan. 9, 2011.Li Keqiang said he appreciate the stance taken by Scotland that takes China's development as an opportunity. He added the new " China Strategy" announced by the Scottish government will help further enhance bilateral cooperation.Scotland, rich in innovative spirit, is leading the world in renewable and green energy. The two sides should boost economic and technical exchanges and cooperation, Li said, adding China is willing to learn from and import technologies, equipment and management expertise from Scotland.Li noted that there is still great potential for the two sides to deepen bilateral cooperation at all levels.In addition to strengthening economic and trade cooperation, he said the two countries should also enhance exchanges in culture, education, tourism and other fields.China supports the joint study of giant panda at the Edingburger zoo, and hopes that panda can become a goodwill ambassador for friendship between the two countries, Li said.Salmond, British first Minister of Scotland, expressed welcome at Li's visit, and hailed the achievement and vigor of China's development. He noted that Scotland has seen increased exchanges and cooperation with China in economy, trade and culture.China's investment in Scotland's infrastructure and renewable energy, and its participation in Scotland's world heritage preservation projects that use advanced technology will be welcome, he said, adding he is looking forward to see giant panda at the Edinburgh zoo.Li also met with Scottish Secretary Michael Moore, and exchanged views on further developing region-to-region exchanges between the two countries, and on promoting cooperation between China and Scotland in economy and trade, finance, energy, food, travel and education.Accompanied by Moore, Li was briefed Sunday afternoon on Scotland's efforts in developing renewable energy, and toured the pelamis wave power factory.On Sunday evening, Li attended the welcoming dinner held by Salmond.Li arrived Edinburgh on Sunday morning for a four-day official visit to Britain. And Britain is the last leg of Li's three-nation Europe tour, which has already taken him to Spain and Germany.

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.

THE HAGUE, Nov. 29 (Xinhua) -- As the 2012 deadline for the complete destruction of chemical weapons approaches, China Monday called for parties to demonstrate their political will and speed up the destruction process.During the 15th session of the Conference of the States Parties of OPCW, Ambassador Zhang Jun, Permanent Representative of China to the Organization for the Prohibition of Chemical Weapons (OPCW) said the Chemical Weapons Convention has been playing "an important role" in removing the threat of chemical weapons.Zhang said: "The timely completion of destruction activities constitutes a core obligation under the Convention. The destruction of chemical weapons is the most important, pressing and overriding task for the OPCW at present and in the years to come."