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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.

VIENNA, Oct. 7 (Xinhua) -- A sculpture of late Soviet cosmonaut Yuri Gagarin was presented to the UN Office in Vienna (UNOV) Friday to celebrate "50 Years of Human Spaceflight," the theme of the World Space Week 2011.In 1961, Gagarin completed an orbit around the Earth aboard the Vostok 1 spacecraft, serving as a pioneer of human spaceflight.The sculpture is a gift from the Russian government and would be placed at the Permanent Exhibit of the United Nations Office for Outer Space Affairs (UNOOSA).Attendants of the ceremony include UNOV Director-General Yury Fedotov, UNOOSA Director Mazlan Othman and Head of the Russian Permanent Mission Vladimir Voronkov."Outer space is one of the most exciting and challenging topics, and perhaps of all the important topics on the agenda of the United Nations, none quite captures our imagination like outer space," Othman said in her statement.Meanwhile, speaking highly of Gagarin's achievement 50 years ago, Fedotov stressed that the purpose of the development and utilization of outer space must be to the benefit of all mankind.The UN official said that relevant UN agencies would provide technical assistance to all countries to develop outer space and ensure the benefits in peaceful purpose.On Dec. 6, 1999, the 55th United Nations General Assembly declared the World Space Week to be held every year during Oct. 4-10.

BEIJING, Nov. 5 (Xinhua) -- China said Saturday that positive and balanced outcomes were achieved at the sixth summit of the Group of Twenty (G20) held earlier this week in the southern French city of Cannes."All the sides were committed at the summit to further coordinating their macro-economic policies, stabilizing the financial market, prompting economic growth, improving global economic governance and working together to maintain the hard-won momentum of the economic recovery," said Ma Zhaoxu, spokesman of the Chinese delegation after President Hu Jintao returned from Cannes, where Hu and the leaders of other G20 members' met to tackle major issues affecting global economic recovery and financial stability.The Chinese spokesman mentioned the Declaration, the Communique and the Action Plan issued after the meeting as "three outcome documents" of the G20 Cannes summit.Ma said priority was given to the European sovereign debt issue at the meeting."All the sides noted that the European Union has recently put forward a new series of measures and ideas to address the sovereign debt issue and hope that these measures will help Europe to stabilize the financial market, overcome the current difficulties and spur the economic recovery and development," he said.The Cannes Action Plan approved at the summit was meant to coordinate the macro-economic policies of all the members to endorse economic recovery and summon market confidence, said the spokesman. "It (the passage of the Action Plan) fully displays the resolution of the G20 to work hand in hand to promote a robust, sustainable and balanced world economy."Ma also hailed the "important consensus" reached at the summit in terms of the reform of the international monetary and financial system, the vibration of commodity price, international trade and development among others."It was emphasized at the summit that to address the issue of development is a key task to advance the global economic recovery and growth in the future," he said.Ma said emerging economies played an "important and constructive" role during the G20 summit.The continuing economic growth of emerging nations have injected vitality into the stability and recovery of the world economy as the international financial market is striving in turmoil, he said.Developing countries, represented by the emerging ones in the G20, have become constructive participants of global economic governance, said the spokesman, "which is a great progress of the era and indicates an in-depth readjustment and a historic change in the international economic order," he added.

BEIJING, Oct. 2 (Xinhua) -- Chinese archeologists have found evidence indicating that the mysterious ancient city of Loulan (Kroraina) once had highly-developed agricultural systems.Scientists from the Institute of Geology and Geophysics under the Chinese Academy of Sciences conducted remote sensing procedures, field investigations and sample testing in the area and found that there were once large tracts of farmlands in Loulan.The farmland featured regular and straight circumferences stretching for 200 to 1,000 meters as well as irrigation ditches running throughout, said Qin Xiaoguang, a member of the research team.Moreover, researchers found grain particles in the area's ground surface, which are very likely to be remains of crop plants, Qin said.These findings show that irrigation farming had been practiced in Loulan for at least 100 years, Qin said.Qin said they also found canal remains measuring 10 to 20 meters wide and 1.6 meters deep in the Loulan relics, indicating that the city, which is suspected of perishing in drought, was once rich in water resources.The ancient city was a pivotal stop along the famous Silk Road, but mysteriously disappeared around the third century AD.Previous historical records suggested that Loulan's economy was sustained by widespread agricultural activity, but no remains or other evidence had been found before the most recent discoveries.

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