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BEIJING, March 10 (Xinhua) - A senior Chinese lawmaker said on Wednesday that legislation requiring public officials to declare their personal assets is under consideration and seen as a move to prevent corruption and improve government transparency."We are researching the issue, since the legislation requires mature consideration of all conditions," said Li Fei, deputy director of the Legislative Affairs Committee of the National People' s Congress (NPC) Standing Committee.Li noted that the legislation should be assisted by the establishment of the personal credit system, which details individuals' financial information even if assets are not declared.Premier Wen Jiabao said on March 5 that high priority should be given to fighting corruption and encouraging integrity among public officials.Leading cadres at all levels, especially high-ranking ones, must resolutely implement the central leadership's regulations on reporting their personal financial situations and property, including incomes, housing and investments, as well as the jobs held by their spouses and children, Wen said.

BEIJING, Jan. 27 (Xinhua) -- Chinese President Hu Jintao concluded a three-day tour to the quake-hit Shaanxi Province on Tuesday, calling for more efforts to beef up reconstruction with high quality.Hu spoke highly of the infrastructure reconstruction after the severe earthquake in 2008 and urged local authority to spare no effort and complete the work with high quality.  Chinese President Hu Jintao (C Front) talks with local residents during visit to high-rise residential buildings, which used to be a shanty community in Beilin District in Xi'an, northwest China's Shaanxi Province, Jan. 25, 2010. Hu concluded a three-day tour to the quake-hit Shaanxi Province on Tuesday, calling for more efforts to beef up reconstruction with high quality. He said the rebuilding should comply with long-term development, and should be environmental-friendly and be able to shield against earthquake and natural disaster.During his visit to a local auto plant and an electrical facilities producer, Hu asked enterprises to enhance innovation and sharpen their competitiveness.  Chinese President Hu Jintao (2nd R) listens to introduction during his inspection at a local auto plant in northwest China's Shaanxi Province, Jan. 25, 2010.As he inspected an aerospace research institute, Hu said the aerospace industry is of strategic importance and plays an increasingly important role in the competition of national strength.He encouraged researchers to contribute more to human being's peaceful use of outer space.During a visit to high-rise residential buildings, which used to be a shanty community in Beilin District in Xi'an, Hu ordered local authorities to step up transformation of of shanty towns to provide more new homes for needy residents.Hu also urged upgrading industrial structure and reducing energy consumption and pollution to protect the environment amid efforts to strike a balance between maintaining a stable and relatively fast economic growth and transforming the growth mode.He also urged boosting innovation capability and expanding public services to improve people's livelihood.During his visit to the Ningqiang County, Hu said the government will continue to help farmers to enhance agricultural production and raise their income.

BEIJING, Feb. 25 (Xinhua) -- China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Foreign Ministry spokesman Qin Gang made the comment Thursday when responding to questions on China's sale of U.S. Treasury securities last December.Qin said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.China trimmed its holdings of U.S. debt by 34.2 billion U.S. dollars in December 2009, leaving Japan the largest holder of U.S. Treasury securities, the U.S. Treasury Department reported on Feb. 16.As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. Treasury bonds.

BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.  Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010.

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