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WASHINGTON, Feb. 27 (Xinhua) -- China remains the largest foreign holder of U.S. Treasury securities as at the end of December, the U.S. media reported on Saturday.The report quoted the new government data as saying that China held 894.8 billion dollars in Treasury securities at the end of December, more than 755 billion dollars that had been previously estimated.But the new report also showed China trimmed its holdings of U. S. debt by 34.2 billion U.S. dollars in December.The U.S. Treasury reported on Feb. 16 that Japan surpassed China as the largest holder of U.S. Treasury securities in December. But the new estimate said Japan, now back in second place, held 765.7 billion dollars in December.Japan had been the largest holder of U.S. Treasury securities until China gained that distinction in 2008."Purchase of Treasuries by China would reflect only purchases by an entity in China from an entity based in the U.S.," Stone & McCarthy Research Associates said in a recent client note."The Data would not pick up purchases done on behalf of Chinese investors by dealers in the U.K or Hong Kong, for example, nor would it pick up purchases of Treasuries by investors in China from investors based outside of the U.S.," it added.China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Last week, when responding to questions on China's sale of U.S. Treasury securities in December, China's Foreign Ministry spokesman Qin Gang said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.
BEIJING, Feb. 27 (Xinhua) -- Chinese Premier Wen Jiabao is scheduled to chat with Internet users at 3 p.m. (Beijing Time) Saturday at two state news portals.The two major portals, www.gov.cn, of the central government, and www.xinhuanet.com, of the Xinhua News Agency, will jointly interview Premier Wen, a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee.Netizens in China and abroad are invited to raise questions to Wen via the Development Forum (http://forum.xinhuanet.com), and the premier is expected to answer some of these questions.The on-line chat will be shown live in texts, pictures and videos at the two portals.

BEIJING, March 20 (Xinhua) -- The All-China Women's Federation (ACWF) Chairwoman Chen Zhili Saturday stressed greater efforts to be made to improve effectiveness in safeguarding women's rights.Chen, also vice chairwoman of the Standing Committee of the National People's Congress, China's top legislature, made the remarks while attending a ceremony held in Beijing to mark the national week for safeguarding women's rights and opening of a special welfare phone hotline --12338 -- in this regard."To improve effectiveness, it is necessary to fully understand the significance of safeguarding women's rights from a perspective of advancing building a harmonious socialist society, and to combine it with diverse other activities meant to promote women's progress," said Chen.The hotline service is hosted by local women's federations in 1,000 counties of 10 selected Chinese provinces and currently available in those counties only. Such phone service will be extended to other parts of the country gradually.
ADDIS ABABA, Jan. 29 (Xinhua) - The Chinese government attaches great importance to cooperation with Africa in the Information and Communication Technologies (ICTs) sector, Chinese Envoy and Deputy Foreign Minister Zhai Jun said in a recent interview with Xinhua.The Chinese department in charge of information and communication will strengthen communication and cooperation with their African counterparts and establish consultation mechanisms, Zhai said.Meanwhile, the Chinese government will support capable enterprises to open business in Africa, in a bid to make contribution to African countries' economic development and promote modernization of communication in the continent, he said.The cooperation between China and Africa in the ICTs sector has played an active role in advancing Africa's overall communication level, promoting the continent's economic development, and bridging the "digital gap" between Africa and the rest of the world, the Chinese envoy said.Thanks to the efforts made in the past 10 years, communication facilities produced by Chinese enterprises have gained certain market share in Africa, and Chinese brands have won their renown in the African market, Zhai said.Products and services by Chinese communication facility enterprises such as ZTE and Huawei have covered 50 African countries, providing communication services for more than 300 million people, Zhai said.Meanwhile, more than 40 3G networks have been established in over 30 African countries with regional offices of Chinese communication facility enterprises scattering in 48 African countries while regional research and development centers and personnel training centers have also been established in the continent, he noted.Moreover, ICTs cooperation between the two sides have also helped generate employment, promote technology transfer and improve people's livelihood in Africa, said the minister.In Africa, Chinese enterprises pay special attention to employing local employees, who now account for over 60 percent of the total number of staff, Zhai said, adding that Chinese enterprises train more than 20,000 technical personnel for Africa every year.Chinese enterprises also do their best to make local procurement, Zhai said, noting that Huawei alone has made a 480- million-U.S. dollar procurement in African in 2008.At the same time, Chinese enterprises actively carry out social responsibilities in Africa by funding schools, hospitals and wildlife conservation, which are applauded extensively by African governments and people, according to him.Zhai arrived in the Ethiopian capital Addis Ababa Wednesday to attend as an observer the 14th African Union (AU) summit scheduled from Sunday to Tuesday.Under the theme "Information and Communication Technologies in Africa: Challenges and Prospects for Development," leaders from AU member states will assess the achievement made in Africa in the ICTs sector, while discussing opportunities, challenges and prospects of the sector's development.During the summit, participants are also expected to exchange views on issues including regional integration, climate change, Africa's stance on UN reforms and regional conflicts, among others.
BEIJING, March 2 (Xinhua) -- Chinese President Hu Jintao and high-ranking military officials on Tuesday watched a play honoring an outstanding military archivist.Liu Yiquan had worked as a file clerk and later a consultant at the archives of the People's Liberation Army (PLA) for about 38 years. He had collected more than 830,000 pieces of military archives, which was regarded as a special contribution to the army.Despite being diagnosed with terminal cancer in 2008, Liu continued to work hard. He died on Jan. 28 at the age of 59. Hu Jintao (C), general secretary of the Central Committee of the Communist Party of China, Chinese president and chairman of the Central Military Commission, meets with performers after watching a drama honoring Liu Yiquan, late file clerk at the archives of the People's Liberation Army, in Beijing, capital of China, March 2, 2010His exemplary deeds were known in China last year following media reports. The play, "Sheng Ming Dang An," or "Archives of Life," was based on his life story and debuted in November last year.Hu, also chairman of the Central Military Commission, visited Liu on Nov. 28 last year when Liu was receiving treatment at hospital. Hu had praised Liu as a role model and asked the Chinese Communist Party members and military personnel to learn from him.Liu had also been honored by the U.S. military authorities for his role in helping identify some key documents that could lead to the repatriation of the remains of the United States personnel who disappeared during and after the Korea War (1950-1953).
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