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BEIJING, Nov. 2 (Xinhua) -- China will reduce its rare earth export quotas next year, but not by a very large margin, Yao Jian, spokesman of China's Ministry of Commerce, said Tuesday."To protect the environment and natural resources, China will stick to the quota system to manage rare earth exports next year, and quotas will also decline," Yao told Xinhua.Though giving no clear extent of the decline, Yao's remarks echoed the comments of Wang Jian, a vice minister of commerce, made Monday at a press conference."I believe China will see no large rise or fall in rare earth exports next year," said Wang.Wang emphasized that China has no embargo on rare earth exports, even though it uses a quota-system as a method of management.Containing a class of 17 chemical elements, rare earths have been widely employed in manufacturing sophisticated products including flat-screen monitors, electric car batteries, wind turbines, missiles and aerospace alloys. However, mining the metals is very damaging to the environment.Chinese officials have said on many occasions that China will strictly protect its non-renewable resources to prevent environmental damages due to over-exploitation and reckless mining.China started the quota system on rare earth exports in 1998 and later banned it in processing trade. In 2006, China stopped granting new rare earth mining licenses and existing mines have since been operating according to government plans.In early September, the State Council, or China's Cabinet, unveiled regulations to encourage merger and acquisitions within the industry.However, China's restrictive policies were criticized by Japan, the United States and other European countries, claiming China's management violated World Trade Organization rules."China has no choice but to take such measures," Chen Deming, China's Commerce Minister, said in August. He pointed out that exports of rare earths should not threaten the country's environment or national security.In response to the increasing criticism of China's rare earth exports management, the spokesman for China's Ministry of Industry and Information Technology said last week that China "will not use rare earths as a bargaining chip"."It is the common strategy of some countries, such as the United States, to use global resources while conserving their own in their homeland," said Zhang Hanlin, director of China Institute for WTO Studies in China's University of International Business and Economics."Creating conflicts on resource issues for their self interests is a common practice," he said.China is the world's largest producer and exporter of rare earths. With about one-third of all proven rare earth reserves, China's exports account for more than 90 percent of the world total."This shows some countries are conserving rare earth resources," said Yao.Early media reports said China would reduce the export quotas by up to 30 percent in 2011. Yet, this was denied as "false" and "groundless" by the Ministry of Commerce.The ministry said the Chinese government will set the 2011 export quotas based upon the rare earths output, market demand and the needs for sustainable development.It also said China would continue to supply rare earths to the world. Meanwhile, it will also take measures to limit the exploitation, production and exports of rare earths to maintain sustainable development, which is in line with WTO principles."Some countries managed to meet the openness requirement of international trade policies when limiting its resources exports," said Feng Jun, a director of the Shanghai WTO Affairs Consultation Center."China should learn from the experiences and explore its own way of protecting its strategic resources," said Feng.

CHENGDU, Oct. 22 (Xinhua) -- Chinese Vice Premier Wang Qishan said Friday the nations of the world can rely on "wisdom and courage" to overcome the difficulties of the fragile global economic recovery.Wang made the remarks at the opening ceremony of the 11th Western China International Fair and 3rd western China forum on international cooperation in the southwestern city of Chengdu, Sichuan Province.The nations of the world should boost cooperation, said Wang."China has just mapped out its economic and social development blueprint for the next five years," said Wang, who insisted China's development benefits not only Chinese people but also brings opportunities to the wider world.He said China will resolutely stick to the path of opening-up and reform.The Chinese government has pledged to enhance the development of China's western regions.He urged western regions to open wider to the outside world and expand border trade.

UNITED NATIONS, Sept. 21 (Xinhua) -- Chinese Premier Wen Jiabao arrived in New York Tuesday afternoon to attend a series of meetings of the United Nations.It is Wen's second participation in UN meetings at the UN headquarters since 2008. Chinese President Hu Jintao also attended UN conferences last year.During Wen's three-day stay here, he is expected to attend and address a UN high-level meeting on the Millennium Development Goals (MDGs), the general debate of the 65th session of the UN General Assembly, a summit of the UN Security Council member states and a high-level discussion panel on AIDS and the MDGs.He will also meet with world leaders, UN Secretary-General Ban Ki-moon, Sino-U.S. friendship groups, overseas Chinese and foreign media in New York.About 140 heads of state and government will attend the three-day MDGs high-level meeting at the UN headquarters, where they will make new commitments to achieving the MDGs before the 2015 deadline.The MDGs, forged at a UN summit in 2000, includes eight ambitious goals, such as reducing extreme poverty in the world by half, cutting infant and maternal mortality, achieving universal primary education and halting the spread of HIV/AIDS and other diseases which kill millions each year.In a joint interview with the UN-based Chinese media last week, UN chief Ban voiced his confidence in China to meet those goals on time and urged other world leaders to keep their promises on the MDGs.

BEIJING, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.

TAIPEI, Oct. 3 (Xinhua) -- Taiwan-based groups called on the Kuomintang party to further cooperation and reconciliation with the mainland on Sunday.The call was made by Chi Hsing, chairwoman of the Alliance for the Reunification of China, at a dinner party attended by about 300 representatives from various social groups in Taiwan.She expressed hope that the Kuomintang could take the opportunity of the ever more frequent trade exchanges with the mainland and the overall amity between the two sides to seek further cooperation and reconciliation.She also expressed hope that the two sides could end the hostility so that people from both sides across the Taiwan Strait could share the glory of the rejuvenation of the Chinese nation.Yok Mu-ming, chairman of the New Party, also delivered a speech at the gathering.The dinner party was held to celebrate three anniversaries which all fall in October, including National Day of the People's Republic of China, the 1911 Revolution led by Dr. Sun Yat-sen, and the end of the Japanese rule over Taiwan on Oct. 25, 1945.