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BEIJING, June 10 (Xinhua) -- China's foreign exchange regulator said Thursday it will strengthen monitoring of cross-border capital flows to reduce risk.The regulator will keep a close watch on the economic and financial situation home and abroad this year, the State Administration of Foreign Exchange (SAFE) said in its annual report on management of foreign exchange posted on its website.It will also enhance its monitoring of abnormal cross-border capital flows by cracking down on illegal private banks and internet-based speculation in foreign exchange.The SAFE will maintain a prudent approach to managing foreign currency reserves and will continue to improve its diversification strategy.China's balance of payments continue to expand, albeit slowly, despite the impact of the global financial crisis.At the end of 2009, China's foreign exchange reserves hit 2.4 trillion U.S. dollars, a 453 billion U.S. dollar increase from the end of 2008.China had gold reserves of 1,054 tonnes at the end of last year, the fifth largest in the world.Although gold has commodity and monetary properties, the global gold market is relatively small and illiquid, the report noted, adding that because of its volatile price and high cost of holding and trading, gold has limited utility in asset allocation.

BEIJING, July 7 (Xinhua) -- China's Ministry of Health issued a circular Wednesday advising the nation's medical facilities to gear up for a rise in the number of people suffering from heat-stroke and other heat related ailments given the recent hot temperatures.The number of people suffering from heat-stroke and related disorders has risen sharply over the last few days, reads the circular without giving specific figures.Beijing-based Chaoyang hospital reported a significant increase of cases showing heat-induced symptoms such as dizziness, according to the Health News, the health ministry-run newspaper.The hospital has 450 such cases in emergency care each day now, compared to 360 cases just a few days ago.The ministry ordered hospitals across the nation to make sure people suffering from heat stroke get timely and proper treatment.Beijing reported an average temperature of 40.3 degrees Celsius at 4 p.m. Monday, the highest temperature in the first 10 days of July in 50 years.The capital city cooled a little bit Wednesday, and rains are expected for China eastern regions starting Thursday, offering some respite.

CHENGDU, Aug. 17 (Xinhua) -- The massive mudslide that hit Wenchuan County, southwest China's Sichuan Province, Saturday had killed 15 people and injured nine others by Monday, local authorities said Tuesday.Wenchuan County was the epicenter of the 8.0-magnitude earthquake that jolted Sichuan and other neighboring provinces in west China in May 2008. The quake left some 87,000 people dead or missing.The county, which falls under the jurisdiction of Tibetan and Qiang Autonomous Prefecture of Aba, was ravaged by rain-triggered floods and mudslides Saturday.At least 31 people were reported missing following the mudslide, but whether the 15 deaths were included was not known, according to a statement issued by the county government of Wenchuan.More than 50,000 residents and tourists were forced to evacuate in Aba as the local meteorological station issued warnings beginning Friday about expected heavy rains and possible geological disasters.Also, the county government of Wenchuan has arranged temporary shelters for residents left homeless by the floods.In Yingxiu Township of Wenchuan, rows of newly completed homes were submerged by the overflowed Minjiang River which runs through the town. The new homes had been built to accommodate those residents relocated outside Yingxiu after the deadly earthquake.If the flooding had not occurred, Lian Qunhua, who opened a grocery in the town, would have received the key for her new home in two weeks."This used to be my home," Lian told a Xinhua reporter, pointing to some debris in front of her. "That is my new home," she said, indicating a row of fresh new buildings soaked in the flood waters on the opposite bank of the Minjiang River."I feel hurt, indeed," she lamented.

WASHINGTON, June 19 (Xinhua) -- The International Monetary Fund's chief Dominique Strauss-Kahn on Saturday welcomed China's decision to further reform its exchange rate mechanism and said that the move will benefit Chinese consumers.China's announcement is "a very welcomed development," Strauss-Kahn said in a statement.The move "will help increase Chinese household income and provide the incentives necessary to reorient investment toward industries that serve the Chinese consumer," he said.The People's Bank of China, China's central bank, earlier on Saturday announced a decision to proceed further with the reform of the exchange rate regime to enhance the flexibility of the RMB's exchange rate.

TASHKENT, June 9 (Xinhua) -- Chinese President Hu Jintao on Wednesday pledged efforts to enhance cooperation with Uzbekistan when meeting here with his Uzbek counterpart Islam Karimov.The two leaders also exchanged views on prospects of bilateral ties and on international and regional issues of common concern.Hu hailed the development of Sino-Uzbek ties since the two countries announced the establishment of friendly and cooperative partnership in 2004.China highly appreciates Uzbekistan's continued and firm support in issues concerning China's core interests, said Hu. China respects the independence and sovereignty of Uzbekistan, and will as always back its efforts in safeguarding stability, developing its economy and improving people's livelihoods, Hu added.Chinese President Hu Jintao (L) meets with Uzbekistan's President Islam Karimov in Tashkent, June 9, 2010. Hu noted that China has always attached great importance to developing Sino-Uzbek relations and has taken as guiding principles long-term friendship, mutual respect, mutual trust, and equality and mutual benefit.China will not alter its stance despite changes in international and regional situations, Hu said.The Chinese leader meanwhile put forward a six-point proposal for enhancing the friendly and cooperative partnership with Uzbekistan.He said that, first of all, the two countries should maintain high-level contacts to boost mutual understanding, including exchanges between heads of state, between parliaments, governments and political parties.Secondly, China and Uzbekistan should enhance energy cooperation. Both sides should well implement the Uzbekistan-China natural gas pipeline project, boost cooperation in oil and gas exploration and development, and speed up cooperation in minerals, Hu said.Thirdly, the two countries should expand cooperation in new sectors, particularly in high technology and new technology, and work to establish a long-term trading partnership, Hu said.Fourthly, the two countries should deepen security cooperation and take severe measures against the "three evil forces" of terrorism, separatism and extremism. Law enforcement and security departments in both countries should continue to boost two-way cooperation as well as cooperation in the framework of the Shanghai Cooperation Organization (SCO) to safeguard peace, stability and security of the two countries and of the region, Hu said.Fifthly, the two countries should also strengthen people-to-people and cultural exchanges to consolidate the foundation for friendship, said Hu, who welcomed more Uzbek students to study in China.Sixthly, Hu urged both sides to intensify multilateral coordination so as to safeguard the two countries' common interests.The Chinese president spoke highly of Uzbekistan's efforts in deepening cooperation among SCO member countries, enhancing the internal construction of the organization and boosting the organization's international status during its SCO presidency.For his part, Karimov hailed Hu's visit on the eve of an annual SCO summit as an important event in Uzbekistan-China relations and a milestone in the development of the friendly and cooperative partnership between the two countries.