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ROME, Oct. 7 (Xinhua) -- China and Italy enjoy a good foundation for cooperation and China would like to expand that to other areas such as trade and investment, environment and culture, Chinese Premier Wen Jiabao said here Thursday. During a meeting with Italian Prime Minister Silvio Berlusconi on the second day of his two-day visit, Wen applauded the fruitful bilateral cooperation the two countries have enjoyed since establishing diplomatic ties 40 years ago.Wen said China expects to conduct high-level exchanges with Italy and at all levels, promote political mutual trust and expand cooperation.The premier proposed that the two countries should make efforts to promote trade, enhance intellectual property rights protection, work hard to settle trade disputes, and oppose protectionism. Chinese Premier Wen Jiabao (L) and his Italian counterpart Silvio Berlusconi attend a symposium with Chinese and Italian entrepreneurs in Rome, Italy, Oct. 7, 2010.China and Italy could work to build for China a set of complete mechanisms of environmental risk assessment and emergency response and set up an environment technology promotion center, Wen said.He said the two nations should advance their cooperation in technological innovations based on mutual benefit.That, Wen said, would include bringing high-tech industries to the joint technology parks, building technology transfer centers in China, and exploring the possibility of establishing a industrial design center.The premier also suggested the two sides coordinate for a better use of Italy's credit loans so as to bring more Italian investment China's way.

BEIJING, Sept. 21 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Monday and extended the Chinese currency's gains to eight consecutive trading days.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 Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 1.87 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.According to Tuesday's central parity rates, the yuan's value strengthened against all the currencies within its basket with lower rates.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 8.7522 Tuesday, lower from 8.7595 Monday.The yuan's rate against 100 yen was 7.8204 Tuesday, compared with 7.8275 Monday.The Chinese currency soared 814 basis points against the British pound with the central parity rate being set at 10.42 from Monday's 10.5014.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.

NANCHANG, Sept. 26 (Xinhua) -- A Chinese commerce official on Sunday called on foreign investors to maintain their confidence in the country, promising China would make continuous efforts to improve its investment environment.Qian Fangli, deputy director of the Department of Foreign Investment Administration under the Ministry of Commerce (MOC), made the statement at a forum during the Expo Central China 2010 that opened Sunday.Although operation costs in China were rising because of higher labor and raw materials costs, foreign investment continued growing rapidly " because improvements in China's investment environment helped lower their investment costs and boost confidence," Qian said.Further, she noted that the Chinese government would continue to improve policies to encourage foreign investors. But she did not provide further details.In the first eight months of this year, foreign direct investment in China totaled 65.96 billion U.S. dollars, up 18.06 percent from one year earlier, according to MOC statistics.The Expo Central China, scheduled to run from Sept. 26 to Sept. 28, invited economists, entrepreneurs and officials to attend. The expo seeks to promote development in central China, which spans six provinces -- Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan.

CHENGDU, Nov. 3 (Xinhua) -- A senior Chinese government official said Wednesday that major geological disasters and densely-populated regions would be the two main areas to monitor in the nation's efforts to guard against losses caused by such disasters.In the first 10 months of 2010, 2,909 people were dead or missing following over 30,000 recorded geological disasters, Xu Shaoshi, the Minister of Land and Resources, said at a meeting held Wednesday in Chengdu, capital city of southwestern Sichuan Province.Further, the number of people dead or missing during this period was five times higher than in the same period last year, said Xu.However, the majority of these victims, about 2,000 people, were killed or went missing after five major mud and rock slides which struck areas in west China's Guizhou, Gansu, and Yunnan provinces, Xu said.A massive mudslide triggered by rainstorms slammed Zhouqu County in northwest China's Gansu Province this past August, leaving 1,510 dead and 255 others missing."Our focus in loss prevention and control in the future will be to closely watch the major geological disasters and the areas with high human concentrations," said Xu.Xu also urged local governments to make specific plans regarding geological disaster prevention, improve the assessment and pre-cautionary monitoring mechanism, and beef up rescue and response systems in the event of an emergency.

BERLIN, Oct. 5 (Xinhua) -- China and Germany pledged on Tuesday to enhance their efforts in coordinating macroeconomic policies and opposing trade and investment protectionism, according to a joint communique issued after a meeting between Chinese Premier Wen Jiabao and his German counterpart Angela Merkel.The meeting, focusing on China's relations with Germany and Europe, was held at the Meseberg Palace, 70 km north of Germany's capital of Berlin, on the eve of the 13th China-European Union (EU) summit in Brussels.China and Germany are two of the world's largest exporters. China surpassed Germany last year to become the number one exporter.The communique said both sides agreed to attach importance to a series of dialogue mechanisms, including the strategic dialogue, the dialogue between nations ruled by law and human rights dialogue.China and Germany also agreed to expand political mutual trust and deepen strategic coordination between China and Europe. The two countries would like to promote Sino-European economic ties by enhancing negotiation and amplifying cooperation of mutual benefit.Germany would continue urging the EU to recognize China's full market economy status as soon as possible. China agreed to hold talks with the EU on the matter, said the document.To prepare for the coming Group of 20 summit in South Korean capital of Seoul, the two leaders also discussed topics concerning world economy like combating global financial crisis.The two sides agreed to learn the lessons of the crisis and strive to promote a stable economic recovery and sustainable growth.Speaking of the climate change summit in the Mexican city of Cancun later this year, the two leaders reaffirmed the principle of common but differentiated responsibilities, and spoke highly of the measures against climate change taken by the two governments.The two countries shared the view that further efforts should be made to achieve substantial progress in the conference.

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