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BEIJING, Aug. 21 (Xinhua) -- China's flood control authority Saturday urged more efforts to battle flooding in areas along the Yalu River in northeast China's Liaoning Province, to ensure the safety of local residents.The Office of National State Flood Control and Drought Relief Headquarters has required relevant departments to focus on the prevention of landslides.The office dispatched a work team to Liaoning Saturday to assist flood-control efforts.As of 7 a.m. Saturday, three people were missing and about 51,000 people had been evacuated, after the swollen Yalu River flooded parts of Dandong City in Liaoning.
BEIJING, June 21 (Xinhua) -- China's announcement that it would allow more flexibility in its yuan exchange rate meant an end to the crisis-mode policy the government took to cushion the blow from the global financial crisis, experts interviewed by Xinhua said Monday.The People's Bank of China, also known as the central bank, said Saturday that it decided to proceed even further with the reform of the Renminbi exchange rate to add flexibility to the RMB exchange rate.The decision was made in view of the recent economic situation and financial market developments at home and abroad, as well as due to the balance of payments situation in China, the central bank said. However, it ruled out a one-off revaluation of the yuan as there was no basis for large changes in its value.Experts noted it was the correct time for the exchange rate policy to return to its normal state, given the consolidated economic recovery, large decline in trade surplus and more balanced international payments.Zhao Xijun, deputy dean of the School of Finance with the Renmin University of China, said the normalization of China's exchange rate policy would intensify China's economic connection to the global economy and help promote the country's economic restructuring and adjustments of its development mode.China moved to a managed floating exchange rate regime in July 2005 which was based on market supply and demand and referencing a basket of currencies. The reform of the RMB exchange rate has made continuous progress since then, producing the anticipated results and playing a positive role.The financial crisis which broke out in the United States in 2008 shook the global financial markets and dented investment confidence. To counter fallout from the economic turmoil, nations rolled out their crisis-mode measures.Zhou Xiaochuan, governor of the central bank, said in March that the exchange rate policy China took amid the crisis was part of the government's stimulus packages, and would exit "sooner or later" along with other crisis-measures.China's economy expanded at 11.9 percent year on year in the first quarter of this year and exports surged 48.5 percent in May, government data showed.Zhao said China narrowed fluctuation of the RMB exchange rate to stabilize market sentiment and stimulate economic growth amid crisis, which was in the interests of China and contributed to the country's economic recovery.During the worst of the global crisis, exchange rates of a number of sovereign currencies to the U.S. dollar depreciated by large margins while the yuan kept stable. Against these depreciating currencies, the value of the yuan has been rising."Undoubtedly, it improved the trade environment for these countries and helped them through hard times," Zhao said, noting the policy contributed significantly to the Asian and global recovery."Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency," said Xiang Songzuo, Deputy Director of the Center for International Monetary Research at Renmin University of China.The central bank's move also intended to increase competitiveness of export businesses and accelerate economic restructuring.Zhao said when the RMB exchange rate regime becomes more market-oriented, China's export businesses should take more responsibilities and become more self-reliant.The central bank said Sunday that the management and adjustment of the yuan exchange rate would occur gradually, which was necessary to give export businesses time to adjust their business structures and create more jobs in the service sector.Cao Honghui, senior researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, said the further proceeding meant China would rely more on domestic demands for economic growth, which would push forward adjustments of the global economic structure.The central parity of the Renminbi against the U.S. dollar remained at 6.8275 Monday, unchanged from the previous trading day, according to the China foreign Exchange Trading System.

BEIJING, June 24 (Xinhua) -- Senior Communist Party of China (CPC) official Liu Yunshan has urged the nation's drama workers to produce more elevating works for the people.Liu, a member of the Political Bureau of the CPC Central Committee, made the remarks at an annual meeting of China Theatre Association Thursday, attended by drama workers from around the country.He called for the creation of more works showing noble morality, meaningful life pursuits and high artistic qualities from drama creators, which would elevate people's spirits.Their works should also be close to reality, life and the common people, Liu said.Precious drama traditions and folk drama resources should also be cherished, Liu said.The China Theatre Association, founded in 1949, comprises outstanding drama editors, directors, actors, musicians and reviewers from the nation's 260 drama categories.
BEIJING, Aug 18 (Xinhua) - Wang Zuoan, head of China's State Administration for Religious Affairs, said here Wednesday religious personnel should not seek fame and fortune.Wang is the first government official comment on a reported scandal by a popular Taoist priest.Li Yi, the priest, renowned for his reported 30,000 followers, has been found by local authorities to have fabricated several miracles he claimed to have enacted, including holding his breath underwater for two hours non-stop.The priest oversees the Shaolong Taoist Temple in southwest China's Chongqing Municipality, where expensive health and meditation programs are offered.Wang said no one could become religious leaders with only the help of media puffery, celebrity endorsements and big money, and warned religious personnel to not believe in the fairy tale of overnight fame.Instead, religious personnel should have a detached and tranquil mind, acquire merits and virtues through study and religious practice, and win respect with knowledge, integrity and character, he said.He also called on government departments of religious affairs across the country to constantly enhance the education and cultivation of religious personnel and adopt effective measures to prevent the moral degradation of them.
BEIJING, July 21 (Xinhua) -- China and Indonesia Wednesday celebrated 60 years of diplomatic ties at a reception here.Addressing the reception, Chen Haosu, president of the Chinese People's Association for Friendship, said Indonesia was one of the first southeast Asian countries to establish diplomatic ties with China.Bilateral ties reached a new level in 2005 with the forging of a bilateral strategic partnership.President of the Chinese People's Association for Friendship with Foreign Countries(CPAFFC) Chen Haosu speaks during a reception to celebrate the 60th Anniversary of the establishment of diplomatic relations between China and Indonesia in Beijing, capital of China, July 21, 2010.China and Indonesia have deepened political mutual trust and maintained close coordination in regional and international affairs, Chen said.Advancing the bilateral relations not only serves the interests of both nations but also promotes China-ASEAN relations and regional and world peace and development, Chen said.China hopes to take advantage of the 60th anniversary of diplomatic ties to further develop the bilateral relationship, Chen added.Indonesian ambassador to China Imron Cotan said both sides have enjoyed increases in political and cultural exchange.Indonesia is determined to further develop the bilateral relationship, Cotan added.
来源:资阳报