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BEIJING, Feb. 9 (Xinhua) -- China's police departments will launch a 30-day campaign starting Wednesday to hunt down fugitives who are suspected of having committed a crime known as fake invoice fraud.The campaign will have a code name known as "spring thunder", said Liu Jinguo, Vice Minister of Public Security.While addressing a teleconference Monday, the vice minister said: "As the Spring Festival is drawing near, the demand for fake invoices remains strong. Perpetrators will get on the move."Statistics show that the police across the country uncovered 237 cases involving fake invoice fraud and detained 234 suspects in January. They also destroyed eight large sites making and selling fake invoices, and confiscated more than 12 million fake invoices in the past month.Fake invoice vendors are common in Chinese cities, where they offer receipts used for tax purposes. Such invoices could cause huge losses in tax revenues and could feed illegal activities, such as smuggling, money laundering and corruption.The Spring Festival, or the New Year's Day on the Chinese lunar calendar, will fall Sunday. It is an occasion for reunions of relatives and friends, completed with much fun and plenty of eatings. Spring Festival is the most important event for people of Chinese origin.

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 14 (Xinhua) -- The development road of China will be bumpy and even thorny in the next few years, Premier Wen Jiabao told a press conference Sunday rightly after the conclusion of the national legislature's annual session.He called for unslackened efforts to tackle difficulties, saying "we must have firm confidence."Chinese Premier Wen Jiabao smiles during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010."No matter how high a mountain is, one can always ascend to the top. The only way out and hope when facing difficulties lie in our own efforts," Wen said.He also said he holds deep love for the country and vowed strong commitments in the next three years of his term.

BEIJING, March. 11 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.7 percent year on year in February 2010, the National Bureau of Statistics announced Thursday.Food prices went up 6.2 percent last month year on year, with non-food prices rising 1 percent from a year earlier.The figure was 1.2 percentage points higher compared with January.China's CPI ended nine months of decline in last November, up 0.6 percent.

BEIJING, March 2 (Xinhua) -- Chinese Vice President Xi Jinping on Monday urged Party cadres to regard the well-being of the people always as a top priority in order to best achieve the governing purpose of the Party.Xi, also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, and president of the Party School of the CPC Central Committee, made the remarks at the school's opening ceremony for spring semester.Xi said the Party officials should remember that serving the peole is a basic requirement for the CPC which seeks to apply fundamental Marxist theories to China's socialist cause and modernization drive.Xi called on Party officials to apply Marxist theories to analyzing and solving matters that arise during China's modernization drive in their study of the theoretical system of the socialism with Chinese characteristics.About 1,800 people, including Party officials attending the school's spring sememster and lecturers of the school, attended Monday's ceremony.

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