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WASHINGTON, Feb. 4 (Xinhua) -- Major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010, according to a report released by the U.S Treasury Department on Friday."Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months," China's behavior did not qualify under the official definition of manipulation, the Treasury said in its long-delayed semiannual report to the Congress on International Economic and Exchange Rate Policies.With respect to exchange rate policies, ten economies were reviewed in this report, accounting for nearly three-fourths of U. S. trade. Many of the economies have fully flexible exchange rates. A few have more tightly managed exchanges rates, with varying degrees of management."No major trading partners of the United States" met the standards identified by the Congress as currency manipulator, concluded the report.Since the June 19, 2010 announcement by China's central bank of greater exchange rate flexibility, its currency, also known as renminbi (RMB) has appreciated 3.7 percent against the dollar, or about 6 percent annualized. The renminbi has appreciated 26 percent in total against the dollar since 2005.The Treasury said that because inflation in China is significantly higher than it is in the U.S., the RMB has been appreciating more rapidly against the dollar on a real, inflation- adjusted basis, at a rate which if sustained would amount to more than 10 percent per year.The U.S. accuses Beijing of keeping its currency undervalued, flooding the country with cheap exports and costing U.S. jobs. But many economists believe that the appreciation of RMB will help little to the U.S. employment."Treasury today again made the right call on China's currency policy in its latest exchange rate report," John Frisbie, President of the U.S.-China Business Council (USCBC) said in a statement after the U.S. Treasury Department'report."While USCBC believes that China should allow its exchange rate to better reflect market forces, designating China as a ' manipulator' would achieve nothing. USCBC continues to support the Obama administration's approach of combined multilateral and bilateral engagement with China as the most effective way to make progress on the exchange rate issue."
BEIJING, May 16 (Xinhua) -- An initial ruling by China's Ministry of Commerce said Monday that European Union (EU) members have subsidized potato starch exports to China, hurting the interests of China's domestic industries.China will impose an anti-subsidy provision of the tariff on potato starch products effective from May 19, the ministry said in a statement on its website. The rate will range between 7.7 percent and 11.19 percent, depending on the subsidy margin, according to the statement.The initial ruling accused several EU companies, including France's Roquette Freres and Netherland's AVEBE, of receiving subsidies.China launched an anti-subsidy investigation into potato starch imports from the EU on August 30, 2010 at the request of the China Starch Industry Association. This was China's first-ever anti-subsidy probe into imports from the EU.China had earlier decided to impose anti-dumping tariffs ranging from 12.6 percent to 56.7 percent on EU potato starch products. The new tariffs were effective from April 19.

BEIJING, May 5 (Xinhua) -- A Chinese official has vowed to take every possible measure to ensure food safety in the country, saying the government has decided to launch national overhauls this year on sectors including milk products, cooking oil, health foods, meat and alcohol.Zhang Yong, director of the executive office of the food safety commission under the State Council, or Cabinet, said in an interview with Xinhua that the food and drinks in these five sectors are consumed in enormous quantities each day and they will do great harm and have an extensive social impact if a problem arises.Through special campaigns to overhaul these five sectors and by solving the most prominent problems, the government aims to accumulate experiences and create administrative systems in a bid to prevent food safety incidents and raise the overall level of food safety, Zhang said.The central government initiated a prolonged and stringent fight against the illegal use of additives in food last month, detailing measures to intensify supervision, upgrade safety limits, and increase penalties for violators.Vice Premier Li Keqiang warned of the great harm from illegal additives in food at a high-profile national meeting last month, promising a "firm attitude, iron-hand measures and more efforts" in dealing with the problem.Zhang Yong admitted "China is in a period when food safety incidents are likely to arise" since the country's food industry is on a fast track for development and a large number of food producers and catering operators are running their businesses in a small-scale or scattered way."It makes it more difficult for the government departments to conduct supervision on food quality and safety," Zhang said."We will take every possible measure to consolidate the feeble foundation to ensure food safety and curb food safety incidents as soon as possible," he said.According to Zhang, the government will also make efforts to improve supervision and emergency handling capabilities, raise the credibility and personnel quality of the involved enterprises, and severely punish violators.The Chinese government made the moves after a series of food safety scandals emerged despite the authorities' efforts to revamp the country's food industry. They included steamed buns dyed with unidentified chemicals, the use of "lean meat powder", also known as clenbuterol, a kind of fat-burning drug, as well as the use of illegal cooking oil known as "gutter oil."
CANBERRA, April 14 (Xinhua) -- The Australian federal government could struggle to get its carbon tax through parliament, as key independent Member of Parliament (MP) Tony Windsor on Thursday warned the plan may never become a reality.Windsor, who is one of the independents Prime Minister Julia Gillard will rely on to get her carbon tax pass the Parliament, said while climate action will benefit the bush, he will not "vote for something that does nothing"."There is no carbon tax, there may not be a carbon tax," he told ABC News on Thursday morning."The prime minister doesn't have the numbers, as I understand it at the moment."I have a vote, others do as well, so you can never guarantee something before it gets through a minority parliament."Windsor said people in his rural New South Wales electorate were concerned about the lack of detail around the proposed carbon tax.Gillard played down his comments, saying that Windsor, who sits on the multi-party climate change committee, had been "perfectly consistent" in his approach to the carbon price debate."He does believe climate change is real ... that pricing carbon is the best way, an important way, of tackling climate change," Gillard told ABC Radio on Thursday."(But) he's going to look at the (legislative) package and wait to the end and then judge (it)."Gillard added that the Labor government remains determined to introduce a carbon tax from mid-2012 followed by an emissions trading scheme.
You can think of NASA's Discovery program as a sort of outer-space American Idol: every few years the agency invites scientists to propose unmanned planetary missions. The projects have to address some sort of fundamental science question, and (this is the tough part) they have to be relatively cheap to pull off — say, half a billion dollars or so. Then the proposals go through a grueling competition before judges who aren't as nasty as Simon Cowell but who are every bit as tough. The one left standing at the end gets the equivalent of a recording contract: NASA supplies the funding and the launch vehicle, and away the winner goes — to orbit Mercury, as the Messenger spacecraft is doing right now; or to rendezvous with a couple of asteroids, as the Dawn mission will start doing this July; or to smash into a comet on purpose, a feat achieved by Deep Impact in 2005, a mission not to be confused with the movie of the same name. Now it's time for the next contenders. NASA has just announced that the first round of the latest Discovery competition is over, with three entries out of 28 moving on to the finals. They are, in increasing distance from Earth: the Geophysical Monitoring Station (GEMS) lander, which would use seismometers to study the interior of Mars; the Comet Hopper, which would do just that, leaping from place to place across the surface of Comet 46P/Wirtanen to see how different parts of the tumbling body react to heating by the sun; and the Titan Mare Explorer (TiME), which would plop into a sea of liquid hydrocarbons on Saturn's moon Titan — the first oceangoing vessel ever to set sail on another world. If you had to come up with a theme that ties all three missions together, it would be "origins." The Titan explorer, for example, will be studying a place that — in a crude way, at least — resembles the early planet Earth at a time when life arose here. Titan, with a thick atmosphere and a bizarro-world form of weather featuring toxic winds and hydrocarbon rain, is home to a mix of complex chemistry, complete with organic molecules. The oceans provide a medium in which the molecules can move around and interact with each other. It's even conceivable, though clearly a long shot, that some form of microscopic life already exists on this frigid moon. The Mars lander, by contrast, would visit a place where the seas — plain water in this case — vanished long ago. But the mission of GEMS goes far deeper than that. By analyzing Marsquakes on the Red Planet, GEMS will try to get a handle on what the interior of Mars is like. Scientists don't currently know whether the planet's core is liquid, like Earth's, or solid, or some mushy consistency in between. It all depends on how efficiently Mars has cooled since it formed 4.5 billion years ago, and that depends in turn on the planet's internal structure. "That's the mission," says Bruce Banerdt, of NASA's Jet Propulsion Laboratory, the lead scientist for GEMS. "We want to understand how Mars was built." Along with sensitive seismographic equipment, GEMS will drill down about 20 ft. (6 m) with a thermometer-equipped probe, trying to figure out how quickly the temperature rises with depth. "That will let us extrapolate all the way down to the center," Banerdt says, "which will tell us how fast Mars is cooling."
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