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BEIJING, Dec. 2 (Xinhua) -- China cannot use its 3.2 trillion U.S. dollars in foreign exchange reserves to rescue other countries, a senior diplomat said on Friday."The argument that China should rescue Europe does not stand, as reserves are not managed that way," Vice Foreign Minister Fu Ying said at the Lanting forum, a gathering of Chinese officials, scholars and social groups held by the Ministry of Foreign Affairs to discuss international issues and foreign policy."China is not absent from international efforts to rescue Europe; it has been a positive and healthy participant," Fu said.Since the outbreak of the European financial crisis, China has dispatched more than 30 procurement delegations to Europe, helping to boost imports from the continent, Fu said.Fu added that there are many misunderstandings about the use of China's foreign reserves. "Foreign reserves are not domestic income or money that can be disposed of by the premier or finance minister," she said."Foreign reserves are akin to savings, and their liquidity should be ensured," Fu said."Foreign reserves are not revenue and cannot be relocated randomly. Under this circumstance, China should take the prospect of yields into consideration if it invests its foreign reserves," said Tian Dewen, an analyst at the Institute of European Studies at the Chinese Academy of Social Sciences.However, the outlook for the economic situation in the eurozone is currently uncertain, Tian said.Fu said China learned a lesson about the importance of foreign reserves during the Asian financial crisis of the late 1990s. ' "Reserves cannot be used domestically to alleviate poverty or taken abroad for development support," she said.She said that the way in which foreign reserves are managed should be in line with the principles of "safety, liquidity and proper profitability.""China's purchases of European bonds, International Monetary Fund bonds and U.S. bonds are also based on those principles," Fu said.Fu also said that China has no intention to gain profit by leveraging financial instruments."China will make efforts to overcome the crisis with Europe and the international community in the future," Fu said."As for the current turbulence in European markets, an authoritative voice is necessary in restoring market confidence. However, voices are diversified in Europe due to its political framework," said Chen Xin, an analyst at the Institute of European Studies at the Chinese Academy of Social Sciences.Fu also reviewed achievements made in trade and investment cooperation between the two sides."It is normal for Europe to strengthen its economic cooperation with China in the process of conquering its difficulties, although it is not proper to add negative political implications," Fu said.She urged Europe not to politicize China's foreign investments."Successful investment should be reciprocal. We hope our economic activities are not interpreted from a political prospective and are not imbued with political interests. We should follow market economy principles," Fu saidFu also took time to single out media reports about the crisis that she believes have been overtly political."Many European countries have shown their understanding and support for us, but there have also been some negative reports," Fu said."We should treat each other with a moderate and impartial mentality. That will make bilateral relations easier to handle," Fu said.She cited an investment bid by a Chinese company in Iceland that was turned down by the country's government.Zhongkun, a private Chinese real estate company founded in 1995, planned to buy 300 square km of land in Iceland to build a high-end resort with a total investment of 200 million U.S. dollars.However, Iceland's Interior Ministry rejected the bid, citing the size of the area of land involved and the fact that there is no precedent in Iceland for foreign countries to purchase large tracts of land.

BEIJING, Jan. 21 (Xinhua) -- As the Chinese Spring Festival travel rush enters its peak period, more work staff and transport resources have been deployed to ensure safe and convenient transport during the world's largest annual human migration.At 8 a.m. on Jan. 20, two days ahead of the Chinese New Year, Dong Leihong, duty officer at the road network center with the Ministry of Transport (MOT), sat before a huge monitoring screen that displayed real-time highway transport conditions nationwide."Good news! The fog has almost all lifted. Only some local lines in Shanxi province have been blocked by snow. Road transport in the country's other regions is normal," Dong said.The screen showed that some work staff at local toll stations in Shanxi were clearing away the snow, while vehicles were running smoothly despite rain on a section of the Shanghai-Kunming Highway located in eastern Jiangxi province.About 840,000 passenger cars were put into service to meet the day's road travel demand, MOT Spokesman He Jianzhong said at the center. An estimated 82.9 million passenger trips by bus were recorded that day, an increase of 10.8 percent from a year earlier.Passenger trips are expected to rise 9.1 percent year-on-year to hit 3.16 billion during this year's festival travel period, prompting the country's transport system to mobilize more resources.Moreover, the railway, aviation and public security sectors have also adopted multiple measures to embrace the heat of the ongoing 40-day travel rush that started on Jan. 8.At Beijing Railway Station's control center, where the exact information of the location and speed of an operating train as well as train failures is available, more than 80 dispatchers were hired to coordinate the operations of passenger and cargo trains running in north China.Meanwhile, large numbers of police, railway workers and volunteers worked in the whipping winter wind to help with boarding at Beijing West Railway Station.The country required all train ticket buyers to register with their names and have their ID cards checked prior to boarding, a real-name system introduced to stem ticket scalping that has plagued the Spring Festival travel rush for years.Counters dealing with domestic flights also extended service hours at the Beijing Capital International Airport, and more staff members were on site to help with security checks, said Li Guanghui, the airport's general manager.The airport saw about 140,000 departure passengers on Jan. 20, an increase of 29 percent from a year earlier, according to Li.To help road travellers deal with emergencies, the Ministry of Public Security established 8,300 service stations nationwide to provide car repair, medical care, rest and guidance services.Some local transport departments also prepared drinking water, food, and cotton clothes to ensure supplies in case of traffic jams on highways.The local traffic police department in Zhaoqing, a city in southern China's Guangdong province, set up 17 rest stops for long-distance motorcyclists at several national highways that pass through the city.The move aims to provide food and other emergency services for the 20,000 people that travel by motorcycle on these highways each day during the festival travel rush.The Spring Festival, or "Chunjie" in Chinese, is a time for family reunions. It is the country's most important festival.

SAN FRANCISCO, Oct. 7 (Xinhua) -- The funeral for Apple co-founder Steve Jobs, who died Wednesday at the age of 56, is taking place on Friday, U.S. media reported.The funeral is termed as a small private gathering, The Wall Street Journal quoted a person familiar with the matter as saying.The source would not disclose where or when the event was taking place, citing respect for Jobs and his family's privacy.Apple said it has no public services planned for Jobs. In an e- mail sent to Apple staff on Wednesday, Chief Executive Officer Tim Cook said "a celebration of Steve's extraordinary life" would be held soon for employees.On its website, Apple has encouraged people to send their memories and condolence to a special e-mail address.Meanwhile, online magazine deadling.com reported Friday that Sony Pictures is making a hefty deal to acquire feature rights to "Steve Jobs," the only authorized biography of the Apple co- founder which will be published on Oct. 24.

TEHRAN, Dec. 8 (Xinhua) -- Iranian inventors ranked first in the Seoul International Invention Fair (SIIF) in South Korea, the official IRNA news agency reported on Thursday.The three-member Iranian team from Tabriz city of Iran's northwestern East Azerbaijan province was ranked first by winning one gold and one silver medals in the fields of development and environment, said the report.South Korea, the United States and Chinese Taipei were selected as other three top teams after Iran.The Seoul International Invention Fair was held in the COEX Korea Exhibition Center from December 1 to 4, at which Some 700 participants from 32 countries and regions took part.

WASHINGTON, Nov. 16 (Xinhua) -- Data from NASA's Galileo spacecraft have provided scientists evidence of what appears to be a body of liquid water, equal in volume to the North American Great Lakes, beneath the icy surface of Jupiter's moon, Europa, the U.S. space agency announced Wednesday.The data suggest there is significant exchange between Europa's icy shell and the ocean beneath. This information could bolster arguments that Europa's global subsurface ocean represents a potential habitat for life elsewhere in our solar system. The findings will be published Thursday in the scientific journal Nature.Europa, which is slightly smaller than Earth's moon, is believed to have a large ocean of salty water deep beneath its frozen crust. Galileo spacecraft, launched by the space shuttle Atlantis in 1989, studied Jupiter, which is the most massive planet in the solar system, and some of its many moons.Pictures of it sent back by Galileo point to a tortured surface of cracks and jumbled ice. Seeking to understand how such weird topography evolved in a place with such dim sunlight, scientists believe that the answer lies in similar processes on Earth.Their model suggests that Europa's ice shell is about 10 kilometers thick and within it are giant pockets of water, lying at depths as shallow as three kilometers. Warm water from these sub-surface lakes wells up in plumes, causing the ice to become brittle, crack and then collapse. The ice turnover would be a plus for the prospects for life, as it would transfer energy and nutrients between the sub-glacial lake and the surface."One opinion in the scientific community has been if the ice shell is thick, that's bad for biology. That might mean the surface isn't communicating with the underlying ocean," said Britney Schmidt, lead author of the paper and postdoctoral fellow at the Institute for Geophysics, University of Texas at Austin. " Now, we see evidence that it's a thick ice shell that can mix vigorously and new evidence for giant shallow lakes. That could make Europa and its ocean more habitable.""The data opens up some compelling possibilities," said Mary Voytek, director of NASA's Astrobiology Program. "However, scientists worldwide will want to take a close look at this analysis and review the data before we can fully appreciate the implication of these results."