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BEIJING, July 11 (Xinhua) -- Growth of China's foreign exchange reserves are slowing as the total reached 2.4543 trillion U.S. dollars by the end of June, up 15.1 percent year on year, the People's Bank of China (PBOC), the central bank, announced on Sunday.Statistics from the central bank show China's foreign exchange reserves increased by 7.2 billion U.S. dollars in the second quarter, a drastic decrease compared to the last quarter in 2009, when reserves grew by 126.5 billion U.S. dollars.Reserves in the first quarter increased by 47.9 billion U.S. dollars.The PBOC also said the declining euro was the major reason behind the slowing growth in foreign exchange reserves.The exchange rate between the euro and U.S. dollar had fallen by nearly 20 percent between the end of 2009 and May this year, according to the PBOC.China's basket of foreign exchange reserves include the U.S. dollar, euro, Japanese yen and others.On a monthly basis, reserves increased by 43.4 billion U.S. dollars in April followed by a reduction of 51 billion U.S. dollars in May, while June saw reserves increase by 14.8 billion U.S. dollars.China's gold reserves stood at 33.89 million ounces at the end of June, according to PBOC figures.

BEIJING, June 26 (Xinhua) -- The Chinese Premier Wen Jiabao has warned local authorities to keep a sober mind in the face of the complicated economic situation, even though the economic recovery has strengthened over the last six months.Wen made the remarks during his two-day visit to Hangzhou, the capital city of east China's Zhejiang Province, which concluded on Saturday.He asked local officials to step up efforts to a keep close watch on the economy's development and find new problems quickly.During discussions with local authorities of the eastern provinces of Zhejiang, Jiangsu and the Shanghai municipality, Wen said the Yangtze River Delta, where the three regions are situated, should take the lead in choosing a development path featuring scientific nature, harmony, and integration.Chinese Premier Wen Jiabao (C) visits staff members of e-commerce company Alibaba in east China's Zhejiang Province June 25, 2010. Wen made an inspection tour in Zhejiang from June 25 to June 26."The Yangtze River Delta holds an important position in the country's national economy, it is necessary for the delta to strive to foster new edges and score breakthroughs in order to make new, greater contributions to the country's economic and social progress," said Wen.While urging efforts in fully implementing the legions of measures and policies worked out by the central government to step up and improve macro control and in advancing good and fast growth in economic and social development, Wen reiterated that the Yangtze River Delta should also work harder to speed up transfer in the mode for economic development.He also asked Jiangsu, Zhejiang and Shanghai to seize favorable chances brought along by the recent approval of the State Council, China's Cabinet,regarding the regional development blueprint calculated to bolster growth of the Yangtze River Delta in the forthcoming five years, and concentrate efforts on improving industrial structure and advancing integration in constructing major infrastructure projects, so as to expediate formation of an effective system for sustainable development.Wen stressed that it was imperative for local governments to work out effective measures to promote harmony between workers and businesses amid rising calls for wage increases.During his inspection to a local garment-making factory in Hangzhou, Wen encouraged the enterprise administrators to promote innovation and cut costs to make the products more competitive in more markets.When he visited Alibaba.com, a leading Chinese E-commerce company also based in Hangzhou, Wen emphasized integrity should always be the basis of business activity.

BEIJING, July 12 (Xinhua) -- Housing prices in major Chinese cities rose 11.4 percent year on year in June, one percentage point lower than the increase in May, the National Bureau of Statistics (NBS) said Monday.This was the second consecutive month that China's property prices grew at a slower pace. Property prices in the 70 large and medium-sized cities grew 12.4 percent in May, 0.4 percentage points lower than that of April.On a monthly basis, June property prices in these cities fell 0.1 percent compared to the month before, the NBS said.New home prices rose 14.1 percent year on year in June, down one percentage point from May. Prices of second-hand homes gained 7.7 percent last month, compared with an increase of 9.2 percent in May.The Chinese government started a campaign in April to rein in soaring house prices, including tightened scrutiny of developers' financing, limited loans for third-home purchases, and higher down-payment requirements for second-home purchases.

HANOI, July 21 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Wednesday urged East Asia Summit (EAS) to continue to serve as a platform for macro-level dialogue in the region.EAS, as a leaders-led forum, could be a forward-looking platform for countries in the region to explore ways to push for strong, continued and coordinated growth in the region, said Yang at the East Asia Summit Foreign Ministers' Informal Consultations.The consultations drew foreign ministers from ten ASEAN ( Association of Southeast Asian Nations) member states, China, Japan, South Korea, India, Australia, and New Zealand.Participants pose for group photos during the East Asia Summit Foreign Ministers s'Informal Consultations in Hanoi, capital of Vietnam, July 21, 2010 0EAS has served as a dialogue platform among different countries in the region on major issues in the past year, including the effect of the international financial crisis, said Yang.Yang said the world economy is recovering, however, the momentum needs to be further sustained. Countries in the region could make better use of the platform to achieve sound and fast growth.Yang said EAS has pushed forward cooperation on finance, disaster mitigation, trade, education and climate change in the region.Yang said China would intensify education cooperation with other EAS countries. In the coming five years, China will provide 400 more government scholarship each year to developing countries in the EAS framework.Yang also illustrated China's position on region architecture development at the meeting.Yang said the development of regional architecture is conducive to the peace, development, cooperation and prosperity of East Asia. Yang reaffirmed that ASEAN should maintain centrality in regional framework.ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

BEIJING, July 30 (Xinhua) -- The Chinese government will offer greater financial support to education for ethnic minority groups in the next decade, says a national education plan released Thursday.The Outline of China's National Plan for Medium and Long-term Education Reform and Development (2010-2020) says allocation of public educational resources shall favor minority-inhabited areas."Speeding up educational development for ethnic minority groups is of far-reaching importance for promoting socioeconomic development among the people and in the areas inhabited by them, and for enhancing unity between people of different ethnic backgrounds," the outline says.Efforts shall be made to promote coordinated development of all kinds of education at all levels in minority-inhabited areas, it says.Border counties and impoverished counties in ethnic autonomous areas shall be supported to meet government standards for the construction of school buildings for compulsory education, with special efforts devoted to building boarding schools, it says.Development in senior middle school education in the minority-inhabited areas shall be speeded up. Support shall also be granted to areas with poor education in a bid to renovate, expand or build senior middle schools, it adds.No effort shall be spared to expand vocational education in minority-inhabited areas, and more support shall be granted to secondary vocational education in these areas, according to the outline.And more support shall be granted to educational development for ethnic minorities with small populations, it says.Efforts shall also be made to advance bilingual teaching, open Chinese language classes in every school, and popularize the national common language and writing system.However, minority groups' right to be educated in their native languages shall also be respected and ensured, it says.Schools in minority-inhabited areas shall get more help from their counterparts in other parts of the country under a "pairing-assistance" program, it saysThe education for ethnic minority groups has seen marked progress in recent years, it says.