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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, Jan. 24 (Xinhua) -- Chinese Premier Wen Jiabao called on the public to give suggestions on the government work during his visit to central China's Henan Province on Friday and Saturday.Wen visited urban communities and villages in Henan to hear citizens' voices, to prepare for the Report on the Work of the Government, which he will deliver at the National People's Congress in March.He made his first stop at a renovated shanty-town in the city of Hebi, an industrial city reliant on coal mining.Wen visited the family of Song Helian, a factory worker who has just moved from a 50-square-meter room to a three-bedroom apartment.Chinese Premier Wen Jiabao (R, front), who is also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attends a symposium in Hebi, central China's Henan Province, Jan. 21, 2011. Wen Jiabao visited urban communities and villages in Henan on Jan. 21 and 22 to hear citizens' voices, to prepare for the Report on the Work of the Government, which he will deliver at the National People's Congress in March. He told local cadres the renovation of shantytowns has a direct bearing on people's livelihoods and must be carried out successfully.During his meeting with residents of a community, Wen told them, "The job of the government is to serve the people and to secure a better life for the people. You are in the best position to criticize the government's work report and the next five-year plan."The residents and Wen talked about recent price rises, medical insurance and employment for laid-off workers among other things.During a visit to a village, Wen met with villagers and stressed the importance of agricultural technology.Wen also called for greater efforts to improve rural health facilities.
BEIJING, March 22 (Xinhua) -- China's State Food and Drug Administration (SFDA) has ordered a "serious investigation" into two kinds of bath products that reportedly gave children skin diseases.The order came after recent reports accused the body wash and lotion used by bathhouse chain Tian Po Po Xi Jiu Tang, or, literally, "Grandma Tian's Bathhouse," in southwest China's Sichuan Province of having "caused severe body damages," according to a SFDA statement released Tuesday.The bathhouse chain, with a history of some 70 years, was first established in Sichuan's capital Chengdu and was listed as a part of the city's Intangible Cultural Heritage in 2009.The licensed bathhouse claimed to use bath products developed by its own Chinese herbal medicine recipes that protected children from various skin ailments and other diseases, such as eczema, colds, and constipation.However, an unknown number of children suffered pustular psoriasis, a chronic skin irritation characterize by raised bumps, after washing at the bathhouse chain and using the two products, according to reports.Sichuan's provincial food and drug administration bureau previously deemed the two products to be "fake drugs" based on an initial investigation by the local police and food and drug authorities, the statement said.The SFDA urged local food and drug supervision departments across the country to monitor and check the two products sold by the bathhouse chain within their regions, and vowed to punish any violations of laws and regulations.
BEIJING, April 10 (Xinhua) -- Many children in the U.S. live in poverty and their physical and mental health is not ensured as nearly one in four children struggles with hunger, according to a report on the U.S. human rights record released by China on Sunday.The Human Rights Record of the United States in 2010 was released by the Information Office of China's State Council in response to the country reports on Human Rights Practices for 2010 issued by the U.S. Department of State.The poverty rate increased for children younger than 18 to 20.7 percent in 2009, up 1.7 percentage points from that in 2008, the report quoted figures from the U.S. Census Bureau as saying.The report pointed out that violence against children is very severe in the country, citing figures from the official website of Love Our Children USA that every year over three million children are victims of violence reportedly and the actual number is three times greater.More than 93,000 children are currently incarcerated in the United States, and between 75 and 93 percent of children have experienced at least one traumatic experience, including sexual abuse and neglect, the report said.According to the report, pornographic content is rampant on the Internet and severely harms American children as seven in 10 children have accidentally accessed pornography on the Internet and one in three has done so intentionally.