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UNITED NATIONS, Sept. 23 (Xinhua) -- Chinese Premier Wen Jiabao met with U.S. President Barack Obama here on Thursday, focusing on bilateral ties and regional and world issues and calling for more cooperation.China and the United States can deepen their cooperation on significant international affairs and major regional issues as well as on efforts to handle global financial woes and climate change, Wen said.He said China and the United States could forge an even closer and wider-ranging trade and financial relationship. Chinese Premier Wen Jiabao (L) meets with U.S. President Barack Obama in New York, the United States, Sept. 23, 2010.At the beginning of the meeting, Wen said the China-U.S. relationship has advanced beyond the bilateral scope and has a major impact on the world.The common interests of the two countries far outweigh their differences, Wen said.Although there exist differences between China and the United States, the problems can be well solved through dialogue and cooperation, the premier said.The meeting at the United Nations added to the increasing number of meetings held between Chinese and American leaders since Obama took office in 2009.

NEW YORK, Sept. 22 (Xinhua) -- Chinese Premier Wen Jiabao said on Wednesday that China and the United States should positively carry out a large-scale economic and trade cooperation.When meeting celebrities from the U.S. economic and financial community, Wen said political and strategic mutual trust should be the precondition of such cooperation.Since the establishment of diplomatic ties 31 years ago, China and the United States have developed a lot more common interests than differences. The two countries have strengthened strategic mutual trust, widened the basis for cooperation and deepened interdependence, Wen said.He said a sound and stable Sino-U.S. economic and trade relationship is in line with the fundamental interests of both countries.The total trade volume was 2.5 billion U.S. dollars when diplomatic ties were forged in 1979, while the figure has surged to over 350 billion dollars at present, Wen said, adding that it signified the bilateral economic and trade relationship has kept a sound momentum.China became the third biggest market for U.S. exports in 2009. Over the past three decades, the U.S. enterprises have altogether invested over 62.2 billion dollars in 58,000 projects in China, and in 2008 alone, their profits amounted to approximately 8 billion dollars, according to the official data provided by the Chinese government.Wen said the RMB exchange rate isn't responsible for the mounting U.S. trade deficits. The reason lies in the structure of Sino-U.S. investment and trade. Both countries should carry out a large-scale trade investment cooperation based on equality, mutual trust and mutual benefit.China has taken it as its national strategy to expand domestic demands, protect intellectual property rights and promote sustainable development, Wen said.Foreign companies in China have always enjoyed national treatment and are welcomed to play a more active role in boosting China's development, he added.During the discussion, participants from the U.S. side, including former U.S. Secretary of State Henry Kissinger and former Treasury Secretary Robert Rubin, also called for closer cooperation between the two countries, adding that China is a stabilizing factor for global economic and financial system.They said the development of a sound U.S.-China economic and trade relationship would benefit both sides. The two countries should hold dialogues in wider aspects and properly handle their frictions.During Wen's three-day visit here, he will address the UN summit on the Millennium Development Goals (MDGs), the general debate of the 65th session of the UN General Assembly, a summit of the UN Security Council member states and a high-level discussion panel on AIDS and MDGs.He will also meet some world leaders, UN Secretary-General Ban Ki-moon, Sino-U.S. friendship groups, overseas Chinese representatives and foreign media in New York.

BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

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