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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.

RIO DE JANEIRO, Dec 15 (Xinhua) -- Brazilian President Dilma Rousseff Thursday signed a law banning smoking in public spaces and tobacco advertising at sale places in his country.Smoking in all enclosed public spaces, defined as free access areas used simultaneously by several people, is forbidden in the new law.It also prohibits tobacco advertising such as posters or banners at sale places. Previously the ban was only imposed on TV, radio and billboards advertising.In addition, the law increases the taxes and establishes minimum prices over the tobacco products to discourage buyers, therefore the cigarettes prices are expected to increase 20 percent in 2012 and 55 percent by 2015.Health warnings are also required on both sides of cigarette packs to alert consumers about the consequences of their smoking habit.The law is welcomed by some anti-smoking groups."In addition to protecting the health of its citizens, Brazil has also set an example for the world," said Matthew Myer, president of Campaign for Tobacco-Free Kids.

WASHINGTON, Dec. 5 (Xinhua) -- Young women may reduce their risk of developing cardiovascular disease simply by eating more fish rich in omega-3 fatty acids, researchers reported Monday in Hypertension: Journal of the American Heart Association.In the first population-based study in Danish women of childbearing age, those who rarely or never ate fish had 50 percent more cardiovascular problems over eight years than those who ate fish regularly. Compared to women who ate fish high in omega-3 weekly, the risk was 90 percent higher for those who rarely or never ate fish.About 49,000 women, 15-49 years old, median age of just under 30 years in early pregnancy -- were interviewed by telephone or answered food frequency questionnaires about how much, what types and how often they ate fish, as well as lifestyle and family history questions.Researchers recorded 577 cardiovascular events during the eight- year period, including five cardiovascular deaths in women without any prior diagnosis of the disease. In all, 328 events were due to hypertensive disease, 146 from cerebrovascular disease, and 103 from ischemic heart disease. Inpatient and outpatient admission for cardiovascular disease was much more common among women who reported eating little or no fish. In three different assessments over a 30-week period, women who never ate fish had a three-fold higher disease risk compared to women who ate fish every week."To our knowledge this is the first study of this size to focus exclusively on women of childbearing age," said Marin Strom, lead researcher and post doctoral fellow at the Center for Fetal Programming, at Statens Serum Institute in Copenhagen, Denmark. " We saw a strong association with cardiovascular disease in the women who were still in their late 30's."Fish oil contains long chain omega-3 polyunsaturated fatty acids, which are believed to protect against heart and vascular disease. Few women in the study took fish oil supplements, so these were excluded from the analyses and the results were based on the dietary intake of omega-3 fatty acids, not intake from supplements.The most common fish consumed by women in the study were cod, salmon, herring, and mackerel."Our study shows that for younger women, eating fish is very important for overall health, and even though we found cardio- protective effects at relatively modest dietary levels, higher levels may yield additional benefits," Strom said.

RIYADH, Jan. 14 (Xinhua) -- China and Saudi Arabia pledged to work together to further expand all-around exchanges and cooperation as Chinese Premier Wen Jiabao Saturday unfolded his official visit to the Middle East kingdom.China and Saudi Arabia have treated each other as equals with respect and their cooperation has been fruitful since the establishment of diplomatic ties 22 years ago, said Wen while meeting Crown Prince Nayef bin Abdulaziz Al Saud.In recent years, despite the fact that international and regional situation became ever complicated and volatile, the two countries have strengthened high-level exchanges and promoted political mutual trust, said Wen, adding that the two have always demonstrated mutual understanding and support on issues involving their core interests and of major concern.Chinese Premier Wen Jiabao (L) holds talks with Saudi Arabia's Crown Prince Nayef bin Abdulaziz Al Saud in Riyadh, Saudi Arabia, Jan. 14, 2012.The premier said the decision to lift bilateral ties to an even higher level has shown the two nations' firm commitment to jointly face challenges and protect common interests as the world situation is undergoing profound changes.China would like to work with the Saudi side in deepening exchanges and cooperation in various aspects so as to benefit the two peoples and promote world peace and development, Wen added.He said the two sides should expand trade of crude oil and natural gas and energy-related cooperation as to deepen their energy partnership.Wen also asked the two countries to promote investment cooperation. The Chinese government encourages well-established Chinese companies to participate in Saudi Arabia's infrastructure construction such as railway, sea ports, electricity and telecommunications, he said.The two nations could also enhance security and law enforcement cooperation and promote people-to-people exchanges in areas like education and sports, as well as between the two nations' youths.Nayef said Saudi Arabia and China enjoy a time-honored history of exchanges, adding that the Saudi people have friendly feelings toward the Chinese people and expect even better bilateral ties.With joint efforts, bilateral ties have moved forward continuously with remarkable achievements in bilateral cooperation, he said, added that the partnership has bright prospects.Nayef said Saudi Arabia is willing to further boost political mutual trust with China, expand bilateral cooperation in economy and trade, energy, infrastructure, culture, press, and security, promote friendship between the two peoples, and lift bilateral ties to a higher level.Wen arrived here on Saturday evening after a short official visit to Nepal on the same day.

BEIJING, Dec. 16 (Xinhua) -- China issued rules for pilot programs of RMB Qualified Foreign Institutional Investors (RQFII) on Friday, formally giving a green light to investment of overseas RMB funds in mainland securities markets.The move is expected to widen the investment channel of overseas RMB funds and add new momentum to the country's bid to make the RMB an international currency.Hong Kong subsidiaries of fund management companies and securities firms can use RMB funds raised in Hong Kong to invest in mainland securities within a permitted quota, according to the rules jointly released by the China Securities Regulatory Commission (CSRC), the People's Bank of China and the State Administration of Foreign Exchange.The total investment quota of RQFII pilot programs is set at around 20 billion yuan (3.15 billion U.S. dollars), according to the rules.To control risks, qualified investors should invest no less than 80 percent of the RMB funds they raised in fixed-income securities, while investment in stocks and equity funds should account for no more than 20 percent.The CSRC will join other related departments to study the possibility of further expanding the trial program after its launch, said a CSRC official who declined to be identified.The launch of the RQFII will open another significant channel for overseas RMB funds to flow back into the country, said the CSRC official.It will also help diversify investment products for overseas RMB funds and facilitate off-shore RMB business, the official said.The RMB is not fully convertible under the capital account but China has stepped up efforts to make the currency more international over the past few years.The government has encouraged the use of the RMB in cross-border trade and investment settlement and approved foreign direct investment in overseas RMB funds obtained overseas.It also allowed Hong Kong to establish an offshore yuan market and has expanded trade settlement agreements and currency swaps to create more channels for the yuan to circulate outside the mainland.