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BEIJING, June 16 (Xinhua) -- For the first time in more than one year, China reduced its holding of U.S. Treasury bonds, and experts told Xinhua Tuesday that move reflected concern over the safety of U.S.-dollar-linked assets.     Data from the U.S. Treasury showed China pared its stake in Treasury bonds by 4.4 billion U.S. dollars, to 763.5 billion U.S. dollars, as of the end of April compared with March.     Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University, told Xinhua that the move might reflect activity by China's institutional investors. "It was a rather small amount compared with the holdings of more than 700 billion U.S. dollars."     "It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward U.S. Treasury bonds," Zhang Bin, researcher with the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, a government think tank, told Xinhua.     He added that the weakening U.S. dollar posed a threat to the holdings of U.S. Treasury bonds.     The U.S. government began to increase currency supply through purchases of Treasury bonds and other bonds in March, which raised concern among investors about the creditworthiness of U.S. Treasury bonds. The move also dented investor confidence in the U.S. dollar and dollar-linked assets.     China, the biggest holder of U.S. Treasury bonds, is highly exposed. In March, Premier Wen Jiabao called on the United States "to guarantee the safety of China's assets."     China is not the only nation that trimmed holdings of U.S. Treasury bonds in April: Japan, Russian and Brazil did likewise, to reduce their reliance on the U.S. dollar.     However, Tan said that U.S. Treasury bonds were still a good investment choice.     Hu Xiaolian, head of the State Administration of Foreign Exchange, said in March that U.S. Treasury bonds played a very important role in China's investment of its foreign exchange reserves. China would continue to buy the bonds while keeping an eye on fluctuations.     Zhang said it would take months to see if China would lower its stake. Even so, any reduction would not be large, or international financial markets would be shaken, he said.     Wang Yuanlong, researcher with the Bank of China, said the root of the problem was the years of trade surpluses, which created the huge amount of foreign exchange reserves in China. It left China's assets tethered to the U.S. dollar, he said.     He said making the Renminbi a global currency would cut China's demand for the U.S. dollar and reduce its proportion in the trade surplus.

RAMALLAH, June 23, (Xinhua) -- With more than 30 years of involvement in the work related to the Middle East issue, China's new special envoy to the Middle East Wu Sike said on Tuesday that he'll employ his personal experience on the region to help fulfill his mission.     Wu arrived in the West Bank city of Ramallah on Tuesday, starting the second leg of his first regional tour as China's new special envoy.     Upon his arrival, Wu told Xinhua that Chinese and Palestinian peoples have a traditional friendship, China has been long supporting the righteous Palestinian cause, with the positive sign emerged recently on the peace issue, China, along with the international community, is concerning on how to revive the peace process and push forward the process toward a final solution.     With this concern, Wu said the aim of his trip is to know the attitude and response of all sides involved in the peace process on the newly emerged situation, lay out China's stance on the issue, and exert efforts to boost the process with all sides in coordination.     Touching upon the issue of the internal Palestinian dispute between factions, mainly the rival Fatah and Hamas, Wu said Palestinian unity is crucial to solve the Middle East issue.     "Hamas is a major Palestinian faction, which enjoys strong public support," said the envoy, adding that, "it'll be important if Hamas can take an positive attitude toward the peace process and involved in it."     Wu said China is willing to see the success of the internal Palestinian dialogue, and is ready to make efforts on helping Palestinians to achieve national unity.     Wu, former Chinese ambassador to Egypt, was appointed as the special envoy in March this year to replace Sun Bigan.     He has been director of the Department of West Asian and North African Affairs of the Foreign Ministry, ambassador to Saudi Arabia and Egypt, and also the first Chinese plenipotentiary to the Arab League.     Citing his three-decade long diplomatic experiences in the region, Wu said that he witnessed both the disasters and losses caused by conflicts and the development, stability and opportunities brought by peace tracks between countries in the region.     "The contrast between the two tracks makes me convinced that military confront could not bring about the resolution of the Middle East issue, and the only way out is through peace negotiations," said the envoy.     Bearing the belief, the envoy said he will discuss both his personal experience and China's stance on the Middle East issue with all sides during his mediation, and actively involve in the peace process to fulfill his mission. 

XIAMEN, May 16 (Xinhua) -- China's top political advisor Jia Qinglin met people of all circles from both sides of the Taiwan Straits attending the largest-yet unofficial cross-Straits forum Saturday afternoon.     The week-long Straits Forum that kicked off on Saturday evening was attended by more than 8,000 Taiwan guests. It features 18 activities including a centerpiece conference, a trade fair, a cultural week, a tourism forum and a seminar on traditional Chinese medicine. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with Chu Li-luan, vice chairman of the Chinese Kuomintang, in Xiamen, a coastal city in southeast China's Fujian Province, May 16, 2009Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, the top political advisory body, declared the opening of the forum at 8 p.m. Saturday.     He said while receiving these guests in the afternoon that the forum, "a pageant for cross-Straits communication," had enjoyed the largest participation of people from all walks of life in Taiwan and had been the largest event of the kind. Jia Qinglin (3rd L), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with delegates from both sides of the Taiwan Straits to the Straits Forum in Xiamen, a coastal city in southeast China's Fujian Province, May 16, 2009Jia said holding such a forum was a pioneering work in promoting unofficial cross-Straits exchanges. Different from the cross-Straits economic, trade and cultural forum held by the Communist Party of China and Taiwan's ruling Kuomintang (KMT) Party which mainly discusses policy issues, the Straits Forum deals with exchanges among the people.     He hopes the forum could be an important platform promoting cross-Straits exchanges and attract more Taiwan compatriots to attend.     Chu Li-lun, the KMT Party vice chairman, said the forum met the demand of people from both sides and development of cross-Straits relations, and that it included varied economic, cultural and folk custom activities.     The forum is co-hosted by Xiamen and three other cities in Fujian, Fuzhou, Quanzhou and Putian.

YINGXIU, Sichuan, May 12 (Xinhua) -- One year after a massive earthquake hit China's southwestern inland, Chinese President Hu Jintao on Tuesday mourned quake victims with a white chrysanthemum and a motivating speech calling for collective strength in face of extreme hardship.     On 2:28 p.m. Tuesday, exactly one year after the devastating quake shattered many areas in Sichuan and neighboring provinces, President Hu, in dark suit and a blue-and-white stripped tie, paid his respect at a white marble memorial wall on which a written record was inscribed. Chinese President Hu Jintao places a white chrysanthemum in front of a commemorative wall of the earthquake during the commemorative service to mark the first anniversary of May 12 Earthquake in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, May 12, 2009Beside the monument wall stands a giant granite clock, purposely made cracked, showing the exact time as the tremor occurred. The mourning venue was located among destroyed buildings, including one once belonged to the Xuankou Middle School in the 12,000-resident Yingxiu town, the epicenter of the earthquake. Two thirds of Yingxiu residents lost their lives. Among them 44 were students or teachers from the particular school. A national flag-raising ceremony is held during the commemorative service to mark the first anniversary of May 12 Earthquake in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, on May 12, 2009The former school gate was decorated Tuesday with white and yellow silk flower, a symbol of grief in the Chinese culture.     After solemn music played by a white uniform-clad military trumpeter, President Hu said, "The country mobilized the fastest, widest and strongest relief efforts when the whole Chinese nation was faced with the unprecedented challenge from the quake disaster."     Chinese Premier Wen Jiabao arrived in Sichuan hours after the quake hit the province to direct relief work.     "Our quick response helped save lots of lives and minimize property losses incurred by the quake," Hu said.     The most destructive quake in China's history, the 8.0-magnitude earthquake struck Sichuan's Wenchuan county and affected some parts of the provinces of Shaanxi and Gansu on May 12, 2008, leaving more than 87,000 dead or missing and the property loss valued at, in official estimates, more than 800 billion yuan (117 billion U.S. dollars).     Mentioning global aid to China's quake relief, Hu said, "On behalf of the Chinese government and people, I express, once again, heartfelt thanks to foreign leaders, governments, political parties, social institutions and embassies in China for their deep care and support to quake relief and reconstruction."     He also thanked United Nations organizations and other international institutions and foreign friendly personages for their care and support

YINGXIU, Sichuan, May 12 (Xinhua) -- One year after a massive earthquake hit China's southwestern inland, Chinese President Hu Jintao on Tuesday mourned quake victims with a white chrysanthemum and a motivating speech calling for collective strength in face of extreme hardship.     On 2:28 p.m. Tuesday, exactly one year after the devastating quake shattered many areas in Sichuan and neighboring provinces, President Hu, in dark suit and a blue-and-white stripped tie, paid his respect at a white marble memorial wall on which a written record was inscribed. Chinese President Hu Jintao places a white chrysanthemum in front of a commemorative wall of the earthquake during the commemorative service to mark the first anniversary of May 12 Earthquake in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, May 12, 2009Beside the monument wall stands a giant granite clock, purposely made cracked, showing the exact time as the tremor occurred. The mourning venue was located among destroyed buildings, including one once belonged to the Xuankou Middle School in the 12,000-resident Yingxiu town, the epicenter of the earthquake. Two thirds of Yingxiu residents lost their lives. Among them 44 were students or teachers from the particular school. A national flag-raising ceremony is held during the commemorative service to mark the first anniversary of May 12 Earthquake in Yingxiu Township of Wenchuan County, southwest China's Sichuan Province, on May 12, 2009The former school gate was decorated Tuesday with white and yellow silk flower, a symbol of grief in the Chinese culture.     After solemn music played by a white uniform-clad military trumpeter, President Hu said, "The country mobilized the fastest, widest and strongest relief efforts when the whole Chinese nation was faced with the unprecedented challenge from the quake disaster."     Chinese Premier Wen Jiabao arrived in Sichuan hours after the quake hit the province to direct relief work.     "Our quick response helped save lots of lives and minimize property losses incurred by the quake," Hu said.     The most destructive quake in China's history, the 8.0-magnitude earthquake struck Sichuan's Wenchuan county and affected some parts of the provinces of Shaanxi and Gansu on May 12, 2008, leaving more than 87,000 dead or missing and the property loss valued at, in official estimates, more than 800 billion yuan (117 billion U.S. dollars).     Mentioning global aid to China's quake relief, Hu said, "On behalf of the Chinese government and people, I express, once again, heartfelt thanks to foreign leaders, governments, political parties, social institutions and embassies in China for their deep care and support to quake relief and reconstruction."     He also thanked United Nations organizations and other international institutions and foreign friendly personages for their care and support

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