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BEIJING, Sept. 21 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Monday and extended the Chinese currency's gains to eight consecutive trading days.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 Tuesday's central parity, the Chinese currency has strengthened against the U.S. dollar by 1.87 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.According to Tuesday's central parity rates, the yuan's value strengthened against all the currencies within its basket with lower rates.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 8.7522 Tuesday, lower from 8.7595 Monday.The yuan's rate against 100 yen was 7.8204 Tuesday, compared with 7.8275 Monday.The Chinese currency soared 814 basis points against the British pound with the central parity rate being set at 10.42 from Monday's 10.5014.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.
SHANGHAI, Oct. 16 (Xinhua) -- A total of 1.03 million people visited the Shanghai World Exposition on Saturday, a record number since the Expo opened. The total number also exceeded an earlier record.The Expo had received some 64.62 million visitors by the end of Saturday, the 169th day since the event began on May 1. The previous record was set during the 1970 Osaka World Expo in Japan, which about 64 million people attended over a six month period.Attendance may be increasing since this is the first weekend after the week-long National Day holiday and the second to last weekend before the final seven designated days from Oct. 25-31.Since early this morning, the Expo' s public transportation system has been under great pressure as visitors have been seen throughout the Expo site.Visitors needed to queue up for more than one hour before being admitted to most pavilions. Some popular pavilions, including the Oil Pavilion and Space Home Pavilion, stopped visitors from queuing up by 4 or 5 p.m. because of the large crowds.Many visitors could only walk around, take pictures outside of pavilions, or have picnics at rest area. Further, all parades were canceled due to the large number of visitors.Zhou Qian and Dai Shishi from Hangzhou described the long queues as "horrible". But Zhou said she had been prepared for the situation as they visited seven pavilions, including the Egyptian and Spanish pavilions.A visitor surnamed Zhang and her daughter, a high school student in Shanghai, entered the site at 11 a.m. but had only visited three pavilions by 6:30 p.m."And all of them are small ones. It's not a proper time to come, but it's not easy for my daughter to be free," Zhang said.A series of measures have been taken to deal with the situation, according to the Bureau of Shanghai World Expo.When the number exceeded 700,000 visitors, organizers made announcements to visitors through the World Expo official website, TV Station, mobile televisions, and telecommunication operators.Visitors were persuaded to avoid peak times on televisions seen on subways in the morning, and in the afternoons they were advised not to continue entering the site today.

CHENGDU, Oct. 22 (Xinhua) -- Chinese Vice Premier Wang Qishan said Friday the nations of the world can rely on "wisdom and courage" to overcome the difficulties of the fragile global economic recovery.Wang made the remarks at the opening ceremony of the 11th Western China International Fair and 3rd western China forum on international cooperation in the southwestern city of Chengdu, Sichuan Province.The nations of the world should boost cooperation, said Wang."China has just mapped out its economic and social development blueprint for the next five years," said Wang, who insisted China's development benefits not only Chinese people but also brings opportunities to the wider world.He said China will resolutely stick to the path of opening-up and reform.The Chinese government has pledged to enhance the development of China's western regions.He urged western regions to open wider to the outside world and expand border trade.
BEIJING, Sept. 30 (Xinhua) -- Chinese Premier Wen Jiabao said Thursday that the government will keep housing price at a reasonable and stable level.Addressing a grand reception marking the 61th anniversary of the founding of the People's Republic of China, Wen said the nation will improve support for the elderly, medical care and other social security schemes, to allow all the citizens to benefit from China's economic growth.Present at the reception were Chinese President Hu Jintao and other senior Chinese leaders Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, Zhou Yongkang and more than 1,000 Chinese and foreign personages.Chinese Premier Wen Jiabao addresses the reception to celebrate the National Day at the Great Hall of the People in Beijing, capital of China, Sept. 30, 2010. China's State Council (Cabinet) on Thursday held the reception to mark the 61st anniversary of the founding of the People's Republic of China, which falls on Oct. 1.Premier Wen reiterated the country's adherence to the paths of scientific development, reform and opening-up, and peaceful development."China's development will neither harm anyone nor pose a threat to anyone," he said, adding that the argument that a strong country is bound to seek hegemony does not apply to China.Wen said this year is the last year for implementing China's 11th five-year plan of economic and social development.He reviewed the country's "new historic changes" over the last five years, citing enhanced productivity and national strength, improvements in people's lives, and the country's increased international standing and influence."In the last two years in particular, we adopted timely and forceful measures to counter the severe impact of the global financial crisis," said the premier."We have prevailed over numerous difficulties and become one of the first countries to achieve an economic rebound," he added.Saying the country is at a "new historical starting point," Wen said the coming five years will be crucial to China's effort to build a moderately prosperous society.He called for joint efforts with compatriots in Hong Kong and Macao to promote long-term prosperity and stability in the two regions.The premier also vowed to join hands with compatriots in Taiwan to promote peaceful development across the Taiwan Strait and fulfill the peaceful reunification cause.
BEIJING, Nov. 1 (Xinhua) -- China launched an association on Monday to evaluate the quality of the nation's higher education."The association, as a non-government organization, is designed to evaluate and supervise the quality of higher education," said Lin Huiqing, an official with the Ministry of Education, at the launching ceremony held in Beijing.The association is composed of over 200 educational institutions as members, including the Higher Education Evaluation Center of the Ministry of Education, Shanghai Educational Evaluation Institute, Peking University, Beijing Normal University, and others.China's higher education has been blamed for a decline in quality since 1999 when the government started to expand college enrollment."Therefore, we should establish a nation-wide network to evaluate the teaching methods, development of each discipline and curriculum designs of each school," Lin said.According to Ji Ping, a senior official in charge of the evaluation of educational quality with the Ministry of Education, China started to implement higher education quality evaluations in the 1980s, and decided to carry out evaluation once every five years since 2003."It is time for us to start a new round of higher education evaluations," Ji said, noting that the priority of China's higher education is to improve its quality."We have required the local schools to make regular evaluations themselves, and invite experts to carry out independent assessments," Ji said.
来源:资阳报