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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.

WASHINGTON, Jan. 15 (Xinhua) -- Chinese President Hu Jintao's upcoming visit to the United States is vital to pushing forward bilateral ties, Chinese Ambassador to the United States Zhang Yesui said Saturday.In an interview with Chinese journalists in Washington, Zhang said this year marks the 40th anniversary of the rapprochement between the two countries as well as the beginning of the second decade of the 21st century.Zhang noted that China-U.S. relationship is at a critical period, with two countries making strides in vigorously developing cooperation in various areas, while new challenges arise. At such a time, the visit of President Hu next week will be especially meaningful in pushing forward bilateral ties in the new era.China-U.S. relations have maintained general stability and achieved marked progress since the establishment of diplomatic ties, which has become one of the most important bilateral relations in the world, he said.The two countries have conducted constant communication and dialogues, maintained close economic and trade relations, witnessed frequent exchanges of personnel and enjoyed a wide range of cooperation fields. The two countries have far more common interests than disagreements, dialogue and cooperation is always the defining feature of this relationship, he added.Zhang said China and the United States have different domestic environment, social systems as well as historic and cultural identities. They are also at different stages of development. It is normal for the two sides to have different views and even divisions in certain issues.What is important is to take into account and respect each other's core interests and major concerns, and resolve differences through dialogue and negotiations, he saidAmid deepened globalization with more pressing global challenges,Zhang said, China-U.S. ties needed to be viewed in a new perspective. China-U.S. relationship is not a zero-sum game. As long as the two sides work together, enhance dialogue, increase mutual trust and widen cooperation, they can create a win-win situation.He stressed that a stable and developing China-U.S. relationship benefits not only the two peoples, but also contributes to peace, stability and development of the Asia-Pacific region and the world at large. President Hu's visit will give great impetus to the development of China-U.S. relations at a higher level.

BEIJING, Nov. 17 (Xinhua) -- China and Chile celebrated the 40th anniversary of bilateral diplomatic ties at a reception here Wednesday.Chinese State Councilor Liu Yandong and visiting Chilean president Sebastian Pinera attended the reception, which was held by Chilean Embassy.China was ready to take the opportunity of this anniversary to push forward Sino-Chilean relations, Liu said when addressing the reception.Noting Chile was the first Latin American country to establish diplomatic ties with China, Liu said the Chinese government attached great importance to developing the bilateral ties from strategic perspective.Pinera, on his first China visit since taking office as Chilean president in March, expressed the willingness to expand cooperation and friendship with China, and he hailed the progress made in bilateral cooperation since the two countries forged ties in 1970.Chile is China's second biggest trade partner in Latin America and China is Chile's biggest trade partner. Bilateral trade last year rose 2.1 percent to 17.72 billion dollars.China and Chile forged a comprehensive cooperative partnership in 2004.

BEIJING, Jan. 9 (Xinhua) -- China's Ministry of Public Security (MPS) on Sunday ordered traffic police nationwide to prepare for possible traffic disruptions caused by a lingering cold snap.The cold weather that has stopped traffic on national highways in several central and southern provinces since New Year's Day is likely to last ten more days.At a national meeting on coping with traffic disruptions during the cold snap, vice public security minister Huang Ming said local traffic police should be prepared to control and solve traffic problems that icy weather and sleet might cause.Further, local traffic police should make realistic emergency plans, prepare emergency supplies and equipment for de-icing and removing snow, and quickly handle traffic accidents, he said.He added that road closures should be the last choice in handling poor road conditions caused by freezing weather. Additionally, local traffic police should take other measures such as temporarily opening roads to ensure traffic flows.The recent inclement weather is a reminder of the disastrous freezing winter at the beginning of 2008, which stopped traffic, damaged power grids, and disrupted lives of millions in southern China.However, experts believe China is unlikely to suffer similar conditions this winter because of inadequate moisture.

BEIJING, Jan. 13 (Xinhua) -- Vice Premier Li Keqiang's three-nation visit to Europe has expressed China's confidence, boosted mutual trust, expanded cooperation and deepened mutual understanding, Vice Foreign Minister Fu Ying said Thursday.Li returned to Beijing on Thursday afternoon after making visits to Spain, Germany and Britain at the invitations of their governments.Fu said that the vice premier's visits took place as the deep-seated impact of the international financial crisis remains unabated, the global economic recovery still faces uncertainties, and as Europe is in a tough fight against sovereignty debt crises.The visits were a great success and have been a solid start for the development of China's relations with Europe in 2011, Fu said.ENHANCED MUTUAL UNDERSTANDINGAccording to the vice foreign minister, Li said during his visit that China is a strategic partner of the three nations, and shares with them extensive common interests. Calling China's development an opportunity for the European countries, Li also said their prosperity and stability means opportunity for China.China is willing to work in concert with the three nations to rise to the challenges and seek common development, Fu quoted Li as saying.When visiting Spain, Li said choosing Spain as the first leg of his tour was to convey China's confidence in the country and the European Union (EU) in their fight against the sovereignty debt crises.Li called Spain a good friend and partner of China, and expressed China's willingness to intensify their traditional friendship and cooperation, and express its confidence in Spain's ability to tide over the current economic difficulties.Recognizing Germany as China's important partner in the EU, Li hailed their close cooperation and their mutual respect of each other's core interests.He expressed the hope that the two sides will understand and settle each other's concerns with a positive attitude in the new situation so as to further deepen bilateral ties.During his stay in Britain, Li said, to enhance the stability of bilateral relations, the two countries should continue treating each other on an equal basis and respecting each other's path of development.The Chinese leader said he wishes for China to deepen cooperation with the three nations and the EU when combating crises, and to establish with them a partnership featuring future-orientation, equal treatment, mutual benefit and an all-win result, and sustainable development.He also hoped the countries could promote the EU to recognize China's full market economy status and lift arms embargo on China, Fu said.The three nations all see China's development as opportunities instead of threats. Considering China and the EU as two big economies and major forces in the world, they believe their enhanced cooperation will contribute to peace, prosperity and stability of the world, Fu said.They also expressed the desire to work with China to bring their ties with China as well as the EU-China relationship to new levels, Fu added.STRENGTHENED TRADE, ECONOMIC RELATIONSFu said that, during Li's visit, he saw new developments in energy exploration and scientific and technological innovation in the three nations, and signed with them cooperation deals in energy and resources, aviation, telecommunication, finance, machinery, and tourism.As China's economy and that of the EU are quite complementary, Li lauded the great potential for Europe's cutting edge in technology to combine with China's huge market.Li urged both sides to consolidate traditional cooperation, explore new cooperative areas, develop large projects and create new cooperation highlights. He also expected the two sides to boost the level of technological cooperation and jointly explore the third-party markets to bring mutual benefits and achieve a win-win result for all.Vowing to further improve the investment environment, the Chinese leader welcomed more European enterprises to invest in China. He also encouraged more Chinese investment in Europe.Li wished that the three countries could join hands with China to combat trade and investment protectionism, ease restrictions on high-tech exports to China and further facilitate Chinese businessmen's travels to Europe.According to Fu, Li also expounded on China's stances on the issues of the exchange rate of China's currency, government procurement, technology transfer, protection of intellectual property rights and rare earth export.

来源：资阳报