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BEIJING, March 18 (Xinhua) -- China's government is set to order some central state-owned enterprises (SOEs) to quit real estate business as their land acquisitions are blamed for fuelling rise of urban housing prices, spokesman of the state assets watchdog Du Yuanquan said Thursday.The State-owned Assets Supervision and Administration Commission (SASAC) would require 78 centrally-administered SOEs, whose major business was not property development, to withdraw from the business, Du said in a SASAC press conference Thursday in Beijing.The SASAC gave no specific timetable for the withdrawal, but Du said it would require the 78 enterprises to step up business restructuring and gradually pull out of property development after all current real estate projects were finished.Housing prices in China's 70 large and medium-sized cities grew 10.7 percent in February from a year earlier, and were up 0.9 percent compared to the previous month, according to official figures.However, a total of 16 central SOEs, who have property development as major business, such as the China National Real Estate Development Group Corp. and the China Poly Group Corp., would continue in real estate, said Du.

BEIJING, March 14 (Xinhua) -- Chinese Premier Wen Jiabao said here Sunday that he is still worried about the safety of China's assets in the United States, urging the U.S. government to take actions to assure foreign investors of its treasury bonds."The instability of the U.S. dollar is a great concern for China's foreign assets," he said at a press conference after the National People's Congress concluded its annual session.Wen said he was "a little bit worried" about the China's assets safety in the United States at the same occasion last year.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, 2010Wen reiterated that China needs to guarantee the "safety, liquidity and good value" of its foreign exchange reserves."Safety is China's top concern for the country's foreign reserve investment," Wen said, noting that China cannot afford any mistake in the management of the country's financial assets.Wen expressed hopes that the United States could take concrete actions to ensure the security of the assets and assure its foreign investors, as the safety of U.S. treasury bonds are guaranteed by its national credibility.According to the U.S. Treasury Department, China held 894.8 billion U.S. dollars in U.S. treasury bonds at the end of last year. This figure, revised up from the previous 755.4 billion U.S. dollars, means China remains the largest overseas holder of U.S. treasury bonds.

BEIJING, Feb. 18 (Xinhua) -- Senior Chinese leader Zhou Yongkang has encouraged students from Xinjiang who are attending school in southern Guangdong Province to study hard and become qualified builders of the country.Zhou, a member of the Standing Committee of the Political Bureau of the Communist Party of China(CPC) Central Committee, made the remarks when replying to a letter written by the 12th graders of Guangdong Guangya High School on Sunday, or the first day of the Chinese Lunar New Year.Zhou visited the time-honored school in Guangzhou, capital of the southern province, last September and talked with the students from northwestern Xinjiang Uygur Autonomous Region. They wrote a letter to Zhou before the Spring Festival, which fell on Sunday.Zhou said in the letter that launching classes for high school students from Xinjiang in inland provinces is a major decision made by the Party and the government. It aims to let Xinjiang's children to enjoy better education so they can grow up healthily and make greater contributions to their hometown and the country.Zhou said the 56 ethnic groups in the country are a family and they have gone through thick and thin together to forge the flesh-and-blood ties.Zhou said the Party and government are exerting great efforts to address major issues including development gap between southern Xinjiang and other western regions, and the eastern coastal regions of the country.He told students that the CPC Central Committee is to hold a meeting on Xinjiang work, at which major decision will be made to boost Xinjiang's development. He also encouraged students to contribute to ethnic solidarity and safeguard the national unity.

BEIJING, Feb. 12 (Xinhua) -- Chinese leaders on Friday offered their Spring Festival greetings to people across the nation at a gathering to mark the incoming Lunar New Year.President Hu Jintao, top legislator Wu Bangguo, Premier Wen Jiabao and top political advisor Jia Qinglin attended the gathering, held by the Central Committee of the Communist Party of China (CPC) and the State Council at the Great Hall of the People in Beijing.Chinese President Hu Jintao presides over a gathering in Beijing, capital of China, Feb. 12, 2010Other leaders including Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also attended the gathering.The Spring Festival, or the Chinese Lunar New Year, is the most important traditional festival for family reunion in China. It falls on Feb. 14 this year, and the weeklong holiday kicks off Saturday, or the eve of the Spring Festival. Top Communist Party of China (CPC) and state leaders Hu Jintao (front, C), Wu Bangguo (front, 4th R), Wen Jiabao (front, 4th L), Jia Qinglin (front, 3rd R), Li Changchun (front, 3rd L), Xi Jinping (front, 2nd R), Li Keqiang (front, 2nd L), He Guoqiang (front, 1st R) and Zhou Yongkang (front, 1st L) attend a gathering in Beijing, capital of China, Feb. 12, 2010

BEIJING, March 1 (Xinhua) -- China's central government has allocated 28.6 billion yuan (4.2 billion U.S. dollars) to support farmers, the Ministry of Finance said in a statement Monday.The bulk of the funding -- 18.6 billion yuan -- would be used to subsidize farmers in growing improved varieties of crops such as rice, corn, and cotton.The other 10 billion yuan would subsidize purchases of farm machinery such as sowers and reapers, said the statement issued to Xinhua.The funding aimed to improve motivation in agricultural production, and stabilize the country's grain production, according to the statement.Farmers across the country would be eligible for the subsidies.The funding was on top of 86.7 billion yuan of subsidy funding to grain-growing farmers nationwide in February.The financial support for agriculture came as severe drought continued in the nation's west and south.The National Meteorological Center (NMC) issued a drought alert on Sunday warning the severe drought would continue over the next three days.The State Flood Control and Drought Relief Headquarters said Saturday the drought, which started at the beginning of February, had affected 69.6 million mu (4.64 million hectares) of arable land and left 12.7 million people and 8.4 million heads of livestock short of drinking water.