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July 15, 2005 - July 22, 2005
Yuan Peg to Dollar Scrapped
China announced Thursday its currency, the RMB yuan, will be traded at a rate of 8.11 to the US dollar starting 19:00 Thursday, and the yuan to US dollar pegging system is switched to a basket of foreign currencies.
China, Vietnam Issue Joint Communiqué
China and Vietnam issued a joint communiqué in Beijing on Thursday at the tail-end of Vietnamese President Tran Duc Luong's state-visit to China.
Haier Withdraws from Maytag Bid
Haier Group, China's largest home appliance manufacturer, has withdrawn from the contest to acquire US firm Maytag Corp. after its bid was topped earlier this week by Whirlpool's US$17 per share offer.
World Chinese Conference Opens in Beijing
The 1st World Chinese Conference opened in the capital yesterday, attracting people from over 70 countries to discuss the development of Chinese language learning internationally.
Edgar Snow Centenary Conference
A two-day conference opened in Beijing yesterday to mark the centenary of the birth of one of the first Western journalists to cover the Communist Party of China and the new China from within.
Co-host Cities Pin Hopes on Games
Four more cities -- Tianjin, Shanghai, Shenyang and Qinhuangdao -- were officially confirmed co-hosts of the 2008 Beijing Olympics yesterday, following Hong Kong's approval earlier this month.
Journalists on Tour for Xinjiang's 50th
To mark the 50th anniversary of the establishment of Xinjiang Uygur Autonomous Region, local organizations have cosponsored an eight-day media tour involving almost 100 journalists from news websites across the country.
Barroso: China's Rise Is Opportunity Rather Than Threat
Jose Manuel Barroso, president of the European Union Commission, said in Shanghai Saturday that China's development and growth should be regarded as an opportunity rather than a threat.
'Provocative' Japanese Test-drilling Condemned
China expressed a "strong protest" Friday against Japanese government's approval of a drill request in the East China Sea, saying such activity is a "severe provocation and violation" against China's sovereignty and interest, and also against the rules in the United Nations Convention on the Law of the Sea.
Beijing's Star-rate Hotels Quit Disposable Commodities
Disposable toothbrushes, toothpastes and slippers, which used to be symbols of convenience and comfort in luxury hotels, will be phased out in Beijing's star-rated hotels in a bid to save resources.
Quality Watchdog: Chinese Beer Safe
Chinese beer is safe to drink as its formaldehyde content is much lower than the ceiling set by the World Heath Organization, China's quality watchdog reported Friday.
week
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