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WASHINGTON, May 27 (Xinhua) -- The U.S. Treasury Department said in a report released on Friday that China was not manipulating its currency."In China, since the authorities decided in June 2010 to allow the exchange rate to appreciate in response to market forces, the renminbi (RMB) has appreciated by a total of 5.1 percent against the dollar in nominal terms through the end of April 2011, or at an annual pace of approximately 6.0 percent," noted the semi- annual report on international economic and exchange rate policies.The Treasury said that as inflation in China is significantly higher than it is in the United States, the renminbi has appreciated more rapidly against the dollar on a real, inflation- adjusted basis, at a rate of around 9 percent per year.The delayed report, which was originally scheduled to be sent to the Congress on April 15, finds "no major trading partner of the United States" manipulated its currency during the period covered in the report.The Treasury added that it will continue to "closely monitor" the renminbi appreciation pace.The report also noted that the U.S. economy is recovering from its deepest recession in the post-war period."While recent growth is encouraging, the economy still faces significant challenges," said the report. The number one challenge is still in the labor market.The U.S. unemployment rate, currently at 9.0 percent, is not expected to fall significantly this year.Besides, housing market and long-term fiscal position are " unsustainable," according to the report.In recent remarks, Treasury Secretary Timothy Geithner stated that China is the fastest growing market for U.S. exports. In 2010, U.S. exports to China grew at a pace that was 50 percent higher than the rest of the world.
HOUSTON, May 2 (Xinhua) -- The Offshore Techonology Conference, one of the world's largest offshore technology shows, kicked off here Monday.The five-day event, which attracted an estimated 72,000 victors from all around the world, not only provided a platform for the about 2,400 participating companies from 40 countries to lure visitors with their newest products and technologies, but also for the them to share insights and discuss issues the industry is facing.On Monday, a number of companies, including Halliburton and Baker Hughes, received the Spotlight on New Technology Award by the OTC for their new products and solutions.Founded in 1969, the annual Offshore Technology Conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston.
BEIJING, Feb. 8 (Xinhua) -- As the Chinese Lunar New Year hoilday ended Tuesday, waves of Chinese residents began their journey back to work, as they boarded trains, airplanes and buses.The China Meteorological Administration announced Tuesday that a cold front would cause temperatures to fall by 4 to 12 degrees Celsius in most parts of the country, while some areas in the northwest, north and southwest will see rainfall or snow from Wednesday to Friday.Fleets of motorbikes carrying thousands of migrant workers passed through national roads again on Tuesday.The Ministry of Public Security said it set up 8,300 service stations along the country's major highways to provide free food, medicine, and rest stops for motor-riding migrant workers. The stations also sent police cars to clear the way for large groups of motorists.Chen Tianchong, a migrant worker from Muge County, Guigang City of southwest China' s Guangxi Zhuang Autonomous Region and 38 of his fellow migrant worker started their journey on motorcycles at 4:30 a.m. on the foggy National Road 324, which is a 2,712-kilometer road linking five provinces of Fujian, Guangdong, Guangxi, Guizhou and Yunan in southern China.A motorcycle usually carried two people, often a couple, sometimes with a child sandwiched in between. They would wrap themselves in thick outerwear to battle the cold weather at night. Limited access to cheap public transportation had forced many migrant workers to make their trips home on their own."I promised my boss that I would go back to the factory in Guangdong before Wednesday," said Chen.Chen said that they might arrive at Dali County, Shunde City of south China's Guangdong Province around eleven at night, after more than 18 hours riding a motorcycle from their hometown. By this way, each family may save more than 1,000 yuan - half of their monthly income.Zhong Fei, another migrant worker also from Guangxi, chose this way home during the Spring Festival for the past three years. Zhong told Xinhua that earning money for his family was the most important thing and the exhausting trip was nothing.From Guangdong alone, one of China's manufacturing bases, over 100,000 migrant workers left for home on motorbikes, said the local police. The Spring Festival travel rush started in China in the late 1980s, when millions of farmers from inland China moved to coastal cities to work.In spite the increasing popularity of motor cycles, the majority of Chinese travelers still prefer trains or buses. Shandong province embraced the post-holiday passenger rush Tuesday, with railway stations witnessing 200,000 passengers in a single day.Highway toll booths near Beijing, Shanghai, Tianjin and other big cities in China have become clogged.Passengers are also snapping up airplane tickets. China Southern Airlines had increased flights from 30 to 70 flights per day.Official forecasts indicate that this year's Spring Festival holiday may see a record 2.85 billion passenger trips nationwide, as Chinese workers return home from across the country for family reunions and go back to work after the holidays.
WASHINGTON, May 17 (Xinhua) -- A variation in a gene involved in regulating cholesterol in the bloodstream also appears to affect progesterone production in women, making it a likely culprit in a substantial number of cases of their infertility, a new study from Johns Hopkins University researchers suggests.The Hopkins group has also developed a simple blood test for this variation of the scavenger receptor class B type 1 gene ( SCARB1) but emphasized there is no approved therapy yet to address the problem in infertile women.Following up studies in female mice that first linked a deficiency in these receptors for HDL -- the so-called "good" or " healthy" cholesterol -- and infertility, researchers report finding the same link in studies of women with a history of infertility.The findings has been published on-line this week in the journal Human Reproduction.If the new study's findings hold up on further investigation, the John Hopkins team says they not only will offer clues into a genetic cause of some infertility, but could also lead to a treatment already shown to work in mice."Infertility is fairly common and a lot of the reasons for it are still unknown," warns endocrinologist Annabelle Rodriguez, an associate professor of medicine at the Johns Hopkins University School of Medicine and the lead author. "Right now, the benefit of this research is in knowing that there might be a genetic reason for why some women have difficulty getting pregnant. In the future, we hope this knowledge can be translated into a cure for this type of infertility."
BEIJING, Jan. 31 (Xinhua) -- China's Ministry of Finance (MOF) said Monday it had allocated 28.23 billion yuan (4.27 billion U.S. dollars) to assure retired enterprise employees receive their pensions before the arrival of the Spring Festival.The State Council, or the Cabinet, decided at an executive meeting last December to raise the retired enterprise employees' pension about 10 percent from 2010 levels, or about 140 yuan per person per month in 2011.The MOF also said local governments had issued 10.24 billion yuan of festival subsidies to 85.97 million people.The Spring Festival, the Chinese lunar New Year is a time for family reunions in China. It falls on Feb. 3 this year.