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YICHANG, July 28 (Xinhua) -- China's Three Gorges Dam was tested for the second time this month when the swiftest water flow of the year hurtled down the swollen Yangtze River on Wednesday morning.Flow rates as high as 56,000 cubic meters per second were recorded at the dam at 8 a.m. Wednesday, dam engineers said.The dam withstood the flow with a water discharge rate of 40,000 cubic meters per second, meaning 16,000 cubic meters of water per second accumulated in the reservoir behind the dam.The safety monitoring results of the dam during the second flood peak have met engineers' predictions to prove its ability to contain flood waters, said Cao Guangjing, chairman of the China Three Gorges Corporation.The water level in the reservoir had risen to 158 meters at 8 a.m.Wednesday, about 17 meters below its maximum capacity of 175 meters.Officials expect the water level to rise to 161.5 meters Friday, a spokesman with the Yangtze River hydrology bureau said Wednesday.Continuous downpours in recent weeks have raised water levels in the upper reaches of the Yangtze.Water flows on the river's upper reaches reached 70,000 cubic meters per second on July 20 -- the highest level since the dam was completed last year and 20,000 cubic meters more than the flow during the 1998 floods that killed 4,150 people.Ship traffic through the dam resumed last Thursday after the first peak flow passed. But shipping was halted again at 10 p.m. Tuesday as the second round of floodwaters approached.After shipping service was suspended, a road near the dam was opened for vehicles to transport goods and people across the dam.
BEIJING, July 7 (Xinhua) -- Top Chinese political advisor Jia Qinglin Wednesday said emphasis must be put on improving the living standards of Tibetan farmers and herdsmen.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remarks at a conference on deploying "pairing assistance" for Tibet.Under the "pairing assistance" model, which was initiated 15 years ago, other provinces or cities provide technological and financial support, among other things, for the development of areas where Tibetans predominantly live, namely the Tibet Autonomous Region and areas in Sichuan, Yunnan, Gansu and Qinghai provinces.Jia Qinglin (3rd R), chairman of the National Committee of the Chinese People's Political Consultative Conference, speaks at a conference on deploying "pairing assistance" for Tibet, Beijing, capital of China, July 7, 2010.Xinhua/Yao Dawei)Jia said the "pairing assistance" is a central government strategic initiative and is crucial to the leapfrog development and lasting stability in Tibet and Tibetan areas in the four provinces.Jia said major projects launched to support Tibet's development should be incorporated into the national social and economic development plan for the next decade, which is currently being compiled.He also said the fight against the separatist forces led by the ** clique should be deepened so to sustain social stability in Tibet and Tibetan ethnic areas.

BEIJING, June 10 (Xinhua) -- The People's Bank of China (PBOC), the central bank, injected 166 billion yuan (24.3 billion U.S. dollars) into the money market this week, easing tight money supply conditions with bill issuance and repurchase agreements.In its regular open market operations Thursday, the central bank auctioned 10 billion yuan (1.46 billion U.S. dollars) of three-month bills at a yield of 1.5704 percent, up 4.04 basis points from June 3.On Thursday, the central bank also conducted repurchase agreement operations -- the first time in almost a month -- by absorbing 10 billion yuan through 91-day repurchase agreements. The yield on Thursday's 91-day repurchase agreement rose to 1.57 percent, up 16 basis points from its previous repurchase operation.Thursday's operations together with Tuesday's 25 billion yuan worth of one-year bill issuance brought the weekly total raised to 45 billion yuan (6.6 billion U.S. dollars). But 211 billion yuan (30.9 billion U.S. dollars) of bills matured this week, meaning a net weekly injection of cash.The central bank's net injection this week was the third straight week of net injection. It pumped 159 billion yuan (23.3 billion U.S. dollars) into the market in the previous two weeks.Since mid-May, China's banks have faced a short-term money squeeze as the PBOC introduced a series of tightening measures to cool the booming property sector.Zhao Qingming, a senior research fellow at China Construction Bank, the country's second largest lender, said the yield changes on central bank bills reflects tight money supply in the short-term.Rising bill yields usually reflect lenders' reduced demand for safety or their cash hoarding.For the whole week, yields on central-bank short-term debt instruments rose compared to the previous week.The yield on one-year bills jumped 8.32 basis points to 2.0929 percent while the yield on three-month bills climbed 4.04 basis points to 1.5704 percent. The yield on 91-day repurchase agreements added 16 basis points to hit 1.57 percent.
BEIJING, July 12 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per U.S. dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
SHANGHAI, June 16 (Xinhua) -- Yu Zhengsheng, Party chief of Shanghai, the host city of the 2010 World Expo, met Wednesday with Vicente Gonzalez Loscertales, secretary-general of the International Exhibition Bureau (BIE).Yu extended gratitude to Loscertales for his assistance and support given to Shanghai in hosting the World Expo. He said the Expo operation is getting better and better as the organizer has been committed to resolving various problems found in the operation and strengthening communication with all participating countries and organizations.Loscertales said after almost six weeks, the organizer has made lots of achievements in improving the work and increasing the efficiency of the Expo operation.Running from May 1 to Oct. 31, the Expo, with the theme "Better City, Better Life," has drawn participation by an unprecedented 189 countries and 57 international organizations.The number of daily visitors to the Expo Park reached a new high Tuesday as 546,700 people entered the Park, breaking the earlier record of 524,900 set on June 5.
来源:资阳报