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BEIJING, Feb. 28 (Xinhua) -- The Chinese government pledges to improve the quality of education and enable people to enjoy fairer education through more investment and reforms in the coming decade.The draft of the National Outline for Medium and Long-term Education Reform and Development (2010-2020) was published Sunday for public opinions.The amount of government investment on education annually will increase to 4 percent of the country's total GDP by 2012, according to the outline. The proportion was 3.48 percent of its GDP in 2008.Ding Xuedong, vice minister of finance, indicated on Sunday that the four-percent target was ambitious but also challenging because other sectors such as agriculture, science and technology, health care and social security need investment, too.

BEIJING, Feb. 13 (Xinhua) -- Profits in China's non-ferrous metal industry declined in 2009 despite rising output due to low prices, according to statistics from the Ministry of Industry and Information Technology (MIIT).Output of 10 kinds of non-ferrous metals, including copper, alumina, zinc and lead, increased 5.8 percent in the country from a year earlier to 26.81 million tonnes last year.However, combined profit of 70 major enterprises in the sector totaled 17.6 billion yuan (2.58 billion U.S. dollars), down 1.46 percent year on year, the MIIT said.Although the industry maintained a good development momentum in 2009, many challenges remained, including the problems of excess capacity and outdated production capacity.The MIIT would focus more on speeding up the elimination of backward production capacities in the industry this year and checking an excessive growth in expansion of non-ferrous metal smelting capacities.

BEIJING, Feb. 3 (Xinhua) -- Chinese economists are again concerned about the value of the country's dollar-denominated assets after the U.S. government's budget plan unveiled Monday forecast a record deficit for 2010.The economists are worried that, if the Congress approved the budget plan, the U.S. federal government will issue more bonds and print more money to finance the deficit, which may prompt dollar depreciation. Dollar depreciation erodes the value of China's holdings of dollar-denominated assets.The same fears took hold almost one year ago when the U.S. government said it would issue up to 2.56 trillion U.S. dollars of treasury bond debt to stimulate the economy to get through the recession.This time the budget deficit is larger. The Obama administration on Monday proposed a budget of 3.83 trillion U.S. dollars for fiscal year 2011 with a forecast deficit of 1.56 trillion U.S. dollars in 2010.The planned fiscal deficit is 10.6 percent of gross domestic product (GDP) - up from a 9.9 percent share in 2009 - the largest deficit as measured against GDP since the second world war.He Maochun, director of the Center for Economic Diplomacy Studies at Tsinghua University, said the deficit would be financed by those holding U.S. dollar-denominated assets with the main channel to transfer the risks caused by the deficit being the issuance of U.S. treasury bonds.The U.S. is already in enormous debt, with Treasury data showing public debt topping 12 trillion U.S. dollars in November last year, the highest ever.To pay for the deficit, the U.S. federal government will borrow 392 billion dollars in the January to March quarter of 2010, according to a Treasury Department statement released Monday. It will then issue 268 billion U.S. dollars of treasury bonds in the second quarter.Experts said the record deficit suggests the federal reserve will continue to flood more money into the market. The massive issuance of treasury bonds, the large fiscal deficit and the printing of the dollar will prompt further declines in the value of dollar, they said.In 2009, the greenback depreciated against major currencies by 8.5 percent, according to China's State Administration of Foreign Exchange (SAFE).China is the biggest foreign holder of the U.S. government debt. As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. treasury bonds. Moreover, more than 60 percent of China's 2.399 trillion U.S. dollar stockpile of foreign exchange reserves - the world's largest - is in dollars.Cao Honghui, director of the Financial Market Research Office of the Chinese Academy of Social Sciences (CASS), a government think tank, said the massive U.S. deficit spending and near-zero interest rates would erode the value of U.S. bonds.The U.S. government should not transfer the problems of enormous debt to other nations or regions that are creditors like China, he added.The SAFE said in a statement in December 2009 that China would diversify its foreign exchange reserve holdings - both currencies and securities - to reduce risk.Liu Yuhui, an economist with the CASS, said late last month China may scale back its purchases of U.S. debt on concern the dollar will decline.China trimmed its holdings of U.S. government debt by 9.3 billion U.S. dollars in November last year - the biggest cut in five months - taking them down to 789.6 billion U.S. dollars.Ding Zhijie, associate dean at the finance school at the University of International Business and Economics, said China had been securing its investment value by using its foreign exchange reserves for imports and acquisition in 2009."More reserves should be used for investment in materials and resources, which can reduce the risk," he said, adding that he expects the purchasing spree to continue this year.The deficit is expected to ease slightly to 1.3 trillion U.S. dollars in 2011, but that still represents 8.3 percent of 2011 GDP.But Ding said it is necessary for the U.S. to keep its powerful fiscal stimulus policy in place, as the economic recovery is fragile and remains uncertain.The U.S. economy shrank 2.4 percent in 2009, but the U.S. government is projecting GDP growth of 2.7 percent in 2010 and an unemployment rate average of 10 percent.Zuo Xiaolei, chief economist at China Galaxy Securities, said the U.S. had no choice but to rely on massive government spending to ensure the economic recovery.The budget deficit will pump money into the economy and generate jobs, which in turn will generate greater tax revenue that can help pay off the debt, Zuo said."But there is still a risk the policy will fail and that debt will grow beyond the government's ability to pay," in which case the entire global recovery will be threatened.

BEIJING, March 4 (Xinhua) -- The 11th Panchen Lama has made debut in China's political arena as a political advisor at the ongoing annual session of the National Committee of Chinese People's Political Consultative Conference (CPPCC) in Beijing."This is the first time for me to attend the CPPCC meeting as a new member, so I will learn from other members," he told Xinhua while joining a panel discussion of the religious circle of the CPPCC National Committee Thursday.A day earlier, he attended the opening meeting of the Third Session of the 11th CPPCC National Committee, the country's top political advisory body.During the two-hour panel discussion from 9 a.m. to 11 a.m. Thursday, he took notes from time to time when other members spoke and sometimes exchanged a few words with others around him, but he did not take the floor.During the break of the panel discussion, many other members came to chat, take photos and shake hands with him, and he kept smiling in a amicable manner."I have shouldered the mission of safeguarding national unity and ethnic solidarity since I was enthroned (in 1995). Now, such a sense of responsibility is becoming even stronger," he told Xinhua.Tenpai Nyima, a CPPCC member from Tibet's Nyingchi Prefecture, said he felt very delighted to see the appearance of the 11th Panchen Lama, although he did not speak at the panel discussion."He is an outstanding leader of Tibetan Buddhism as well as our glory and pride," he said.The 11th Panchen Lama, Bainqen Erdini Qoigyijabu, one of the two most senior living Buddhas in Tibetan Buddhism, became a CPPCC member on Feb. 28. Earlier on Feb. 3, he was elected vice president of the Buddhist Association of China."Although he is young, he is mature and diligent, and he has increasingly profound Buddhist attainments and a growing popularity in Tibetan-inhabited regions," said Padma, a CPPCC member from northwestern Qinghai Province."I believe he can carry forward the fine tradition of the 10th Panchen Lama in loving the nation, the religion and the people, and in safeguarding the national unity and ethnic solidarity," he said.The 11th Panchen Lama, with the secular name Gyaincain Norbu, was born in February 1990 in Lhari County, in northern Tibet's Nagqu Prefecture.He was approved by the central government as the reincarnation of the 10th Panchen Lama in November 1995 after a lot-drawing ceremony among three candidates in the Jokhang Temple in Lhasa.Over the past years, he has given head-touching blesses to hundreds of thousands of believers, and ardently participated in public welfare activities.After the deadly riot broke out in the Tibet's regional capital of Lhasa on March 14, 2008, he strongly condemned the violence, saying that it ran counter to Buddhist tenets.He also presided over a prayer meeting in Beijing on May 21, 2008, in which he prayed for peace in Wenchuan in southwestern Sichuan Province and neighboring areas struck by an 8-magnitude on May 12.On March 28, 2009, he unexpectedly delivered a speech in English at the opening ceremony of the Second World Buddhist Forum in Wuxi City of eastern Jiangsu Province, winning applause and appreciation.In the speech, he used Buddhist sutras to give enlightenment to believers about how to deal with various threats facing modern society -- such as environmental degradation, wealth gap, financial crisis, terrorist attacks, and taught believers to do more deeds beneficial to others."He is very bright and becoming more and more knowledgeable. I believe he is capable of further promoting Buddhism," said Shingtsa Tenzinchodrak, a living Buddha from Tibet's Shannan Prefecture, also a deputy to the National People's Congress, the country's top legislature.To Kelsang Drokar, a villager from the Tarma Village in the suburbs of Lhasa, 11th Panchen Lama's new position as a CPPCC member made him and his fellow villagers very happy."We hope he can bring more blessings and benefits to our people of Tibetan ethnic group," he said.

BEIJING, Feb. 19 (Xinhua) -- Chinese Premier Wen Jiabao Friday bade farewell to renowned educationist Huo Maozheng, who died of illness on Feb. 11 at the age of 88, at the Babaoshan Revolutionary Cemetery in Beijing.State Councilor Liu Yandong joined Premier Wen at the funeral. Vice President Xi Jinping and Vice Premier Li Keqiang previously expressed their condolences.Huo was among China's first group of "100 contemporary educationists," a top honor conferred by the government. She was vice principal of the Beijing No. 2 Experimental Primary School.Chinese Premier Wen Jiabao (R) attends Huo Maozheng's funeral in Beijing, capital of China, Feb. 19, 2010. Wen Jiabao on Friday bade farewell to renowned educationist Huo Maozheng, who died of illness on Feb. 11 at the age of 88, at the Babaoshan Revolutionary Cemetery in Beijing.  She was also member of the Fifth National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body, and member of the standing committees of the sixth, seventh and eighth CPPCC National Committees.Huo graduated in 1943 from the Mathematics and Physics Department of the Beijing Normal University.