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BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.The U.S. dollar, serving as both the U.S. currency and the most important international currency, will be used for U.S. policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.He urged Chinese banks in foreign countries to offer funding in yuan.He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.
BEIJING, Dec. 20 (Xinhua) -- A senior leader of the Communist Party of China (CPC) has called on judicial and public security authorities to step up efforts to resolve social conflict and embrace fairness in law enforcement.Zhou Yongkang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the remarks at a three-day meeting in Beijing attended by CPC officials from local governments and leaders of judicial and public security departments. Zhou Yongkang (C, back), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, remarks at a three-day meeting in Beijing attended by CPC officials from local governments and leaders of judicial and public security departments, in Beijing, capital of China. China is challenged by the heavy task of safeguarding national security and maintaining social harmony and stability over the next five years, he said at the meeting, which ended Monday.Efforts should be made to address issues related to people's immediate interests, like public security and social justice, he stressed.Zhou called on judicial and public security authorities to continue their fight against violent crime, terrorism and separatism in accordance with the law.
GUANGZHOU, Dec. 12 (Xinhua) -- Chinese Vice Premier Li Keqiang on Sunday met with foreign leaders and international sports organization officials who were in Guangzhou to attend the opening ceremony of the Asian Para Games.Among the foreign guests Li met were Philip Craven, president of the International Paralympic Committee, Datuk Zainal Abu Zarin, president of the Asian Paralympic Committee, and Jejomar Binay, vice president of the Philippines.Li extended warm welcome to them and spoke highly of their contribution to the Guangzhou Asian Para Games and the cause for people with disabilities.Chinese Vice Premier Li Keqiang (R) meets with the International Paralympic Committee President Philip Craven in Guangzhou, south China's Guangdong Province, on Dec. 12, 2010. The opening ceremony of the 2010 Asian Para Games was held in Guangzhou Sunday.He also said the Chinese government would further support the cause for people with disabilities to create more favorable conditions for them to integrate into society.Li declared the opening of the games Sunday evening at the Olympics Stadium of Guangzhou, capital city of south China's Guangdong Province.The Asian Para Games will last for a week.
CHICAGO, Jan. 7 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi met here Friday with Chicago Mayor Richard M. Daley to discuss issues concerning the upcoming state visit to the United States by Chinese President Hu Jintao.During the meeting, Yang spoke highly of Daley's long-term commitment to promoting the cooperation and exchange between U.S. and China.He also said that Hu's upcoming visit is of great significance to the advancement of bilateral relations in the new era.Yang thanked Daley for the city's efforts in preparing for Hu's visit, saying that the visit will further enhance the pragmatic cooperation between China and Chicago as well as the Midwest U.S.Daley said that the city of Chicago attached great importance to the friendly cooperation with China, and hopes to make itself the most friendliest U.S. city to China, as well as the premier destination for businesses and visitors from China.He said that the city of Chicago is eagerly anticipating the visit by President Hu and will make every efforts to ensure the visit attains complete success.
DUSHANBE, Nov. 25 (Xinhua) -- Chinese Premier Wen Jiabao and Kyrgyz President and Acting Prime Minister Roza Otunbayeva met here Thursday, with both sides pledging to enhance cooperation in economy, technology and other areas.The two leaders were meeting on the sidelines of the 9th prime ministers' meeting of the Shanghai Cooperation Organization (SCO) in the Tajik capital.Premier Wen told Otunbayeva that China pays great attention to the situation in Kyrgyzstan and hopes for stability in the country.Wen said that both countries should follow the principles stipulated in the Sino-Kyrgyz Good-neighborly Treaty of Friendship and Cooperation to further enhance political mutual trust and push forward for a steady and healthy development of bilateral ties, adding that this serves the fundamental interests of both peoples.Chinese Premier Wen Jiabao (R) shakes hands with Kyrgyz President Roza Otunbayeva in Dushanbe, Tajikistan, Nov. 25, 2010. While expressing the belief that the Kyrgyz people could overcome by themselves the current difficulties, he also promised that China would continue to provide support and help within its own capabilities for Kyrgyzstan both in the bilateral framework and in that of the SCO.The Chinese premier said China would actively participate in the reconstruction of southern Kyrgyzstan, and promote in a down-to-earth manner the projects on bilateral economic and technological cooperation so as to benefit the two peoples.For her part, Otunbayeva expressed her gratitude for China's long-term support and humanitarian assistance for the economic development of her country.She said that her government would continue to pursue friendly policies toward China, and stick to existing political and legal documents signed by the two sides.The Kyrgyz leader also said that her country was ready to strengthen friendly and mutually beneficial cooperation with China in the areas including economy, trade and infrastructure construction.Furthermore, she expressed Kyrgyzstan's hope for stronger coordination and cooperation with China in the fight against the three evil forces of terrorism, separatism and extremism and drug trafficking so as to join hands to cope with increasingly severe regional security challenges.The one-day SCO prime ministers' meeting concluded Thursday with the participants agreeing to further strengthen cooperation in security, politics, trade and other areas.