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Manage   CUP to issue 10 mln credit card in 2007 Three overseas banks first to provide RMB service to Chinese China's November retail sales up 14.1 pct China to develop 10 outsourcing service base cities Official: No plan for widening floating band of RMB exchange rate China approves 4th-biggest gateway airport carve out   China's RMB banking deposits continue to slow down Authorities hearken to calls from SMEs hungry for funds Appraisal of China's WTO performance cover global media Inflation in China jogging along at 1.3% 1 mln kw nuclear power project to be launched in Zhejiang U.S. film official: Chinese import limits fueling piracy Industry   WB: China's economy to grow 8.7% in 2008 Court rejects 31st day of bank interest Southern Airlines says passengers up 12.5% in November Nielsen: China to exceed Japan as 2nd largest advertising market HK's financial situation better than expected China's trade surplus tops US$23 billion in Nov

RMB hits new high during first China-U.S. strategic economic dialogue SHANGHAI, Dec. 15 (Xinhua) -- The value of the Renminbi (RMB) yuan against the U.S. dollar hit a new record high on Friday with a central parity rate of 7.8185 yuan to one dollar, according to the Chinese Foreign Exchange Trade System. The RMB has risen by 3.73 percent since China's reform of the exchange rate system on July 21, 2005. A two-day China-U.S. strategic economic dialogue, which concluded here Friday with "a number of consensus" reached, may be a factor in the RMB's rise, according to analysts. The Chinese government launched a reform in July last year to allow the yuan to float against the U.S. dollar within a daily 0.3percent band from the official central parity rate.

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