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BEIJING, Jan. 21 (Xinhua) -- As the Chinese Spring Festival travel rush enters its peak period, more work staff and transport resources have been deployed to ensure safe and convenient transport during the world's largest annual human migration.At 8 a.m. on Jan. 20, two days ahead of the Chinese New Year, Dong Leihong, duty officer at the road network center with the Ministry of Transport (MOT), sat before a huge monitoring screen that displayed real-time highway transport conditions nationwide."Good news! The fog has almost all lifted. Only some local lines in Shanxi province have been blocked by snow. Road transport in the country's other regions is normal," Dong said.The screen showed that some work staff at local toll stations in Shanxi were clearing away the snow, while vehicles were running smoothly despite rain on a section of the Shanghai-Kunming Highway located in eastern Jiangxi province.About 840,000 passenger cars were put into service to meet the day's road travel demand, MOT Spokesman He Jianzhong said at the center. An estimated 82.9 million passenger trips by bus were recorded that day, an increase of 10.8 percent from a year earlier.Passenger trips are expected to rise 9.1 percent year-on-year to hit 3.16 billion during this year's festival travel period, prompting the country's transport system to mobilize more resources.Moreover, the railway, aviation and public security sectors have also adopted multiple measures to embrace the heat of the ongoing 40-day travel rush that started on Jan. 8.At Beijing Railway Station's control center, where the exact information of the location and speed of an operating train as well as train failures is available, more than 80 dispatchers were hired to coordinate the operations of passenger and cargo trains running in north China.Meanwhile, large numbers of police, railway workers and volunteers worked in the whipping winter wind to help with boarding at Beijing West Railway Station.The country required all train ticket buyers to register with their names and have their ID cards checked prior to boarding, a real-name system introduced to stem ticket scalping that has plagued the Spring Festival travel rush for years.Counters dealing with domestic flights also extended service hours at the Beijing Capital International Airport, and more staff members were on site to help with security checks, said Li Guanghui, the airport's general manager.The airport saw about 140,000 departure passengers on Jan. 20, an increase of 29 percent from a year earlier, according to Li.To help road travellers deal with emergencies, the Ministry of Public Security established 8,300 service stations nationwide to provide car repair, medical care, rest and guidance services.Some local transport departments also prepared drinking water, food, and cotton clothes to ensure supplies in case of traffic jams on highways.The local traffic police department in Zhaoqing, a city in southern China's Guangdong province, set up 17 rest stops for long-distance motorcyclists at several national highways that pass through the city.The move aims to provide food and other emergency services for the 20,000 people that travel by motorcycle on these highways each day during the festival travel rush.The Spring Festival, or "Chunjie" in Chinese, is a time for family reunions. It is the country's most important festival.

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.

BEIJING, Dec. 14 (Xinhua) -- China's new yuan-denominated lending in November rose 7.8 billion yuan (1.2 billion U.S. dollars) year-on-year to 562.2 billion yuan, the People's Bank of China, the central bank (PBOC), announced Wednesday.New loans in the month were smaller compared to that in October, which stood at 586.8 billion yuan.By the end of November, the outstanding broad money supply (M2), which covers cash in circulation and all deposits, rose 12.7 percent year-on-year to 82.55 trillion yuan, according to data released by the PBOC.Meanwhile, the narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, increased 7.8 percent year-on-year to 28.14 trillion yuan by the end of last month, the figures showed.New yuan deposits last month fell sharply to 324.7 billion yuan, down 262.6 billion yuan year-on-year. Outstanding yuan-denominated deposits totaled 79.51 trillion yuan as of the end of last month, up 13.1 percent year-on-year, however, the growth rate was 6.5 percentage points lower compared to the same period last year.Meanwhile, outstanding foreign currencies-denominated deposits stood at 266.8 billion U.S. dollars, up 12.9 percent year-on-year. New deposits of foreign currencies rose 4.1 billion U.S. dollars year-on-year.

ROME, Dec. 6 (Xinhua) -- China is playing its part in projects of the United Nations to improve global food security under the framework of South-South Cooperation (SSC), the UN Food and Agriculture Organization (FAO) said on Tuesday.FAO recently co-signed two new tripartite agreements with China, Liberia and Senegal respectively to support implementation of a series of food security initiatives and projects in Liberia and Senegal, the organization said in a press release.The Rome-based food agency said the agreements were signed in the context of the Strategic Alliance between FAO and China on SSC in support of programs for food and nutrition security in selected countries.The funding provided through the new agreement comes from a FAO-China Trust Fund of 30 million U.S. dollars, it said.Under the agreement with Liberia, China will contribute over one million dollars and provide technical assistance through 24 Chinese experts and technicians to support implementation of the country's National Program for Food Security over a two-year period.In Senegal, China will provide assistance through 26 experts and technicians."At a time when continued economic uncertainties are having an impact on the flow of traditional North-South development assistance, South-South Cooperation is creating and building on partnerships that support the direct exchange of financial and technical contributions between developing countries," said Laurent Thomas, FAO Assistant Director-General, Technical Cooperation Department."FAO's experience with South-South Cooperation has shown that the knowledge and skills of technical experts and field technicians from the (global) South have made an invaluable contribution to efforts to modernize small-scale agriculture throughout the developing world," he added.FAO's SSC initiative was launched in 1996 to provide technical support to country-level action on food insecurity.According to the organization, a total of 47 tripartite agreements have been signed to provide technical assistance among developing countries in Africa, Asia-Pacific, Latin America and the Caribbean, and over 1,500 experts and technicians have been fielded in the framework of various food security initiatives.In addition to the Strategic Alliance with China, letters of intent for SSC Strategic Alliance have also been signed so far with Argentina and Indonesia.