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BEIJING, Feb. 21 (Xinhua) -- China's Education Ministry on Sunday warned students considering studying overseas against Australian schools run by the GEOS group after more than 40 Chinese students were left stranded with the group's collapse.More than 2,300 students in GEOS group schools across Australia were affected after the college closures. The schools were scattered across Sydney, Melbourne, Brisbane, Perth and Cairns.GEOS is a Japanese company which owns hundreds of colleges around the world. The GEOS group has run out of money for its Australian colleges,according to Australian media reports.Chinese embassies and consulates in Australia are negotiating with local authorities to settle the issue to safeguard students' legitimate rights.The Education Ministry has drawn up a recommendation list of nearly 15,000 schools in 33 countries worldwide on its website. The recommended schools are relatively trustworthy and reliable.Australia has been a preferred destination for overseas education for Indian and Chinese students.The Australian Bureau of Statistics said the number of Chinese student enrollments was 146,000 by June 2009, up an average annual 16 percent over the past six years.

BEIJING, Feb. 26 (Xinhua) -- The China Banking Regulatory Commission (CBRC), the banking regulator, said Friday it would introduce four measures to facilitate the development of rural financial institutions.The CBRC would improve supervision of rural financial institutions, strengthen risk management, encourage their adopting effective corporate governance model, and evaluate the quality of their services, said Zang Jingfan, the supervision department director of the CBRC.China approved a total of 172 new-type rural financial institutions, including 148 rural banks, 8 lending firms and 16 rural mutual cooperatives by the end of 2009, according to Zang.Outstanding loans by these institutions totaled 18.1 billion yuan, of which 36 percent went to farmers and more than 50 percent to small businesses, he said.The government has been trying to boost lending to farmers and companies in the countryside, and the CBRC announced last year a plan to set up 1,293 rural financial institutions by 2011 to boost rural development.

BEIJING, Feb. 21 (Xinhua) -- The total length of China's rural roads had reached 3.3 million kilometers by the end of 2009, connecting 99.4 percent of towns and villages, a transportation official said here Sunday.Some 381,000 kilometers of roads were built in China in the past year, far exceeding the annual target of 300,000 kilometers, China's Vice Minister for Transport, Feng Zhenglin, said at a conference.By the end of 2009, residents at 35,000 towns and 553,000 villages in China's rural areas were able to take buses to travel, representing 98 percent and 87.8 percent of China's towns and villages, respectively, according to Feng.Li Shenglin, Minister of Transport, vowed at the conference to boost rural passenger transportation.Feng also vowed to improve the highway network that connects towns and villages this year and in the country's 12th Five Year Plan which starts in 2011.

ATHENS, Feb. 14 (Xinhua) -- The central Kotzia square, just opposite to the grandiose Athens City Hall, was turned into a small "Chinese corner" on Sunday, as the Chinese community in Greece, joined by thousands of Greeks, celebrated the Chinese Lunar New Year with a magnificent and colorful event.For the first time in Greece, Chinese expatriates hosted an open party to celebrate the Spring Festival, which this year coincided with Valentine's Day and the end of carnival in Greece, their "second mother country" as they described.Greek kung fu students perform lion dance during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010"Spring and Harmony -- One Family, One Love" was the main title of the festivities that brought together thousands of Chinese who work hard and live peacefully in Athens for years and enthusiastic Greeks who wished their new friends "Kali Hronia," which means " Happy New Year" in Greek.Under red lanterns and drawings of Chinese zodiac signs hanging high, Greeks and Chinese enjoyed together a four-hour event which included performances of Greek and Chinese folk music and dances, Tai Ji and Kong Fu presentations, as well as recitation of poems on Spring, friendship and love.Representatives of the Chinese community in Greece present to Mayor of the City of Athens Nikitas Kaklamanis an honorary banner for his hospitality during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010"I thank Greeks for their warm hospitality and I wish Athens and Greece, the birthplace of western civilization, every success and progress in this New Year," said the Chinese ambassador to Greece, Luo Linquan, while addressing the gathering."I wish 2010 will bring hope, love and development to both people," Mayor of the City of Athens Nikitas Kaklamanis said in his address, stressing that friendship and cooperation between Greece and China, two cradles of civilizations in the eastern and western world, flourishes through centuries in the benefit of all.The mayor and the ambassador exchanged wishes in Greek and Chinese and kicked off the event by drawing the eyes of the "lions " of the International Shaolin Kong Fu Federation School of Thessaloniki, who performed the traditional lion dance, spreading joy, and hopefully good luck and happiness to the audience.Greek kung fu students give a performance during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010.The aim of the whole event was after all, as Xu Weichun, president of the Trade and Commerce Chamber of Chinese in Greece, explained, that Chinese living in Greece will have an opportunity to share with their Greek friends the joy of the coming of spring and new year and express to Greek society a deep gratitude for a warm welcome to Chinese.Many Athenians attending the party were amazed at the expression of love by the Chinese people toward Greece and Greek civilization."Our Chinese friends are full of pleasant surprises. Never in my life would I thought that in the center of Athens I could see Chinese ladies sing Greek folk songs and perform folk dances with such passion," Maria Evangelou, a Greek elementary school teacher, told Xinhua.Businessman Giorgos Konstantinopoulos, a few steps further, was deeply touched by the Chinese community's initiative to donate all the money raised through a lottery to a local center for homeless people. "It is so funny to realize that Chinese people are so similar to Greeks. Full of life and caring, they support fellow citizens in need," he said.Young Tina and Gianna, high school students from Piraeus port, were so excited with the Chinese sounds, food and philosophy they encountered for the first time this Sunday noon, that they are thinking about attending the Business Confucius Institute in Athens to learn more about the language and the culture of China.Nine year old Andreas, who was dressed as a pirate for the carnival, felt sorry he didn't wear a tiger costume. "I heard today that Chinese celebrate the year of the tiger in 2010 and that tiger is the symbol of strength. Much better than a pirate! Maybe next year. Kali Hronia!"

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.