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Manage China to regulate natural gas imports from June 10 SSE steps up risk control measures China tightens quality control on toys GM names Socia head of Shanghai venture Rural areas focus of industrial progress Government controls may curb China's steel exports in second half carve out Unicom to raise International IP call fees Toyota to produce Corolla sedans in China CNOOC may be in first group allowed to sell 'A' shares Middle East investors eye mainland real estate market Chinese entrepreneur buys into German airport Chrysler sale creates uncertainty in China Industry Mainland's stocks rise to record for 3rd day Regulator will buy New China Life shares China's net int'l investment position hit $662 bln at year-end 2006 Ministry: Meat, egg prices to stabilize in July Top global hotels on aggressive path for expansion Mainland stock index rises to record for 3rd Day

RMB breaks 7.65 mark against U.S. dollar BEIJING, May. 30 (Xinhua) -- The value of the Renminbi (RMB) against the U.S. dollar hit a new high on Wednesday, with the central parity rate at 7.6488 yuan to one dollar, breaking the 7.65 mark. The yuan has kept hitting new highs after the People's Bank of China, or the central bank, announced on May 18 to allow the yuan to fluctuate against the dollar by 0.5 percent a day, up from 0.3 percent. The yuan has appreciated by more than 7.5 percent since July 2005, when the Chinese government launched the reform of the exchange rate system.

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