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BEIJING, June 16 (Xinhua) -- For the first time in more than one year, China reduced its holding of U.S. Treasury bonds, and experts told Xinhua Tuesday that move reflected concern over the safety of U.S.-dollar-linked assets.     Data from the U.S. Treasury showed China pared its stake in Treasury bonds by 4.4 billion U.S. dollars, to 763.5 billion U.S. dollars, as of the end of April compared with March.     Tan Yaling, an expert at the China Institute for Financial Derivatives at Peking University, told Xinhua that the move might reflect activity by China's institutional investors. "It was a rather small amount compared with the holdings of more than 700 billion U.S. dollars."     "It is unclear whether the reduction will continue because the amount is so small. But the cut signals caution of governments or institutions toward U.S. Treasury bonds," Zhang Bin, researcher with the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, a government think tank, told Xinhua.     He added that the weakening U.S. dollar posed a threat to the holdings of U.S. Treasury bonds.     The U.S. government began to increase currency supply through purchases of Treasury bonds and other bonds in March, which raised concern among investors about the creditworthiness of U.S. Treasury bonds. The move also dented investor confidence in the U.S. dollar and dollar-linked assets.     China, the biggest holder of U.S. Treasury bonds, is highly exposed. In March, Premier Wen Jiabao called on the United States "to guarantee the safety of China's assets."     China is not the only nation that trimmed holdings of U.S. Treasury bonds in April: Japan, Russian and Brazil did likewise, to reduce their reliance on the U.S. dollar.     However, Tan said that U.S. Treasury bonds were still a good investment choice.     Hu Xiaolian, head of the State Administration of Foreign Exchange, said in March that U.S. Treasury bonds played a very important role in China's investment of its foreign exchange reserves. China would continue to buy the bonds while keeping an eye on fluctuations.     Zhang said it would take months to see if China would lower its stake. Even so, any reduction would not be large, or international financial markets would be shaken, he said.     Wang Yuanlong, researcher with the Bank of China, said the root of the problem was the years of trade surpluses, which created the huge amount of foreign exchange reserves in China. It left China's assets tethered to the U.S. dollar, he said.     He said making the Renminbi a global currency would cut China's demand for the U.S. dollar and reduce its proportion in the trade surplus.

EDINBURGH, May 9 (Xinhua) -- Chinese Vice Premier Wang Qishan said Friday during a visit to Scotland that China hopes to strengthen cooperation with Scotland, especially in the areas of education, culture, tourism and finance.     Wang, who is on an official visit to Britain, spoke during a meeting with Alex Salmond, Scotland's first minister.     Both sides praised the friendship between China and Scotland and expressed a readiness to strengthen their cooperation as part of an effort to promote the all-round strategic partnership between China and Britain.     During the meeting, the two also exchanged views on how to tackle the global financial crisis.     "Currently we should further strengthen confidence in the market and recover the functions of the financial market as soon as possible," Wang said.     After the outbreak of the Asian financial crisis, China adopted a series of measures that pulled it through the trouble and helped to maintain the stability of the financial market, Wang said.     Salmond spoke highly of the economic stimulus packages arranged by the Chinese government to tackle the current financial crisis.     Wang arrived at Edinburgh on Friday after a visit to the Europe Union

BEIJING, May 17 (Xinhua) -- China's power consumption declined 3.63 percent year on year in April, larger than the 2.01 percent decrease rate in March, the China Securities News quoted figures from the China Electricity Council (CEC) Friday.     A total of 275.67 billion kilowatt hours of electricity were used in April. The figure for the first four months was 1.06 trillion kilowatt hours, down 4.03 percent from the same period a year ago.     Analysts said the extending decline indicated a soft footing in economic recovery. It is normal that power output and consumption have ups and downs in the process of economic revival.     From January to April, power used by the agriculture and tertiary sectors went up 4.69 percent and 9.04 percent. And that for industrial sector slipped 8.29 percent.     The National Bureau of Statistic (NBS) said on May 13 that power generation fell 3.5 percent last month from a year earlier, to 271.29 billion kilowatt hours. The industrial output rose 7.3 percent in the same month.     Since the industrial sector consumes about 70 percent of China's power, some economists questioned whether a rise in industrial production could be accompanied by a decline in power consumption.     Zhang Liqun, a researcher with the Development Research Center of the State Council, a government think-tank, told Xinhua that when looking at the decline in industrial power use, it was important to remember that industrial upgrading was still in progress. The decline of electricity consumption by heavy industry, which accounts for 82 percent of total industrial power consumption, was the leading cause for the overall decline.     According to CEC data, power consumed by the heavy industry was down 8.62 percent in the first four months, and that for the light industry sank 6.76 percent.     Analyst expected that power use in May would fall slower than the previous month, as the rebounding electrolytic aluminum and iron and steel industries would use more electricity in the coming months.

GENEVA, April 22 (Xinhua) -- Close international cooperation is needed to fight all forms of racism and racial discrimination, which is the enemy of the whole human society, a senior Chinese diplomat said here on Wednesday.     "China proposes that the international community work closely together to form a strong united front in the fight against racism," said Li Baodong, Chinese ambassador to the United Nations Office in Geneva, in an address to the ongoing Durban Review Conference.     Governments should fully recognize the huge damage that racism has caused to various human rights, international security and human development, and pursue actively the policy of "zero tolerance" at both the national and international level, Li told more than 100 delegations participating at the anti-racism conference.     The five-day conference, which opened on Monday, is a follow-up meeting to the World Conference against Racism held in Durban, South Africa in 2001.     Delegates adopted by consensus a final anti-racism declaration on Tuesday despite the boycott of the meeting by quite a few Western countries, including the United States, citing concerns that the meeting could be used as a forum to criticize Israel.     The atmosphere of the conference was also damaged on Monday after dozens of European delegates walked out of the conference room in protest to a speech made by Iranian President Mahmoud Ahmadinejad which likened Israel to a racist regime.     According to the Chinese ambassador, countries should enhance dialog and communications to resolve political differences and refrain from creating a breeding ground for hatred.     It's of great significance that countries have gathered once again to deliberate on the issue of racism eight years after the holding of the first UN anti-racism conference, he said.     Li also stressed the need to further enhance the effectiveness of various mechanisms established after the 2001 conference to address racism, racial discrimination, xenophobia and related intolerance, with a view to achieving better synergy, coordination, coherence and complementarity in their work.     In addition, he suggested a renewal or reinforcement of the international definition for racism, as many new forms of racism and racial discrimination are emerging along with the current global financial, food and energy crises as well as the threat of climate change.     "The Chinese government is against all forms of racism, and it has been actively engaged in various international anti-racist activities," Li said.     "With the opportunity provided by this conference, China is ready to work will all governments and the civil society to create a world free of discrimination, hatred, fear and prejudice," he added.

BEIJING, June 1 (Xinhua) -- As millions of Chinese children celebrated Children's Day Monday, Premier Wen Jiabao shared a light moment with 100 young students invited to his office in downtown Beijing.     In two hours squeezed from tight schedule, Wen danced, sang and chatted with the children from all over the country. He encouraged the youngsters to study hard, and to grow up well-educated with loving hearts.     "It is love that brings you together and here today. I hope you understand what love is, how to cherish love and learn to love others," the 67-year-old premier, also a grandfather, told the excited children. Chinese Premier Wen Jiabao (C) attends a celebration with children for the International Children's Day in Beijing, capital of China, June 1, 2009The outing resulted from an initiative of Beijing's Zhongguancun No. 3 Primary School, which raised funds through student charity work to sponsor visits by children from other parts of China to the national capital on Children's Day.     More than 70 children, belonging to 55 ethnic groups, were invited from 18 provinces and autonomous regions. In a letter to Wen, they asked if they could meet him.     Their wish came true on Monday when they arrived at Zhongnanhai, the central leadership's compound near the Forbidden City in central Beijing. Chinese Premier Wen Jiabao (2nd R Front) receives a calligraphy work presented by a child during a celebration of the International Children's Day in Beijing, capital of China, June 1, 2009. Smiling Wen received a gift from the children -- a red scarf usually worn by the Young Pioneers. He showed the children an office used by Premier Zhou Enlai before he died in 1976, where the children recited an article in their textbook describing how the widely-respected statesman was dedicated to his work.     At an auditorium specially decorated with children's paintings, balloons and greeting cards, Wen listened attentively as the children discussed their trip to Beijing.     Sangye Lhamo, from Medog County in southwestern Tibet Autonomous Region, attracted the premier's attention because he knew Medog was China's only county without paved roads. Chinese Premier Wen Jiabao (C) views the children's drawings during a celebration of the International Children's Day in Beijing, capital of China, June 1, 2009. "You must come from the remotest place compared with other kids here. How did you make it?" Wen asked.     Sangye Lhamo said they spent 10 days traveling, trekking over snow-capped mountains.     Wen said he hoped Sangye Lhamo's trip to Beijing would not be so hard in future, "because the government will build a road to your hometown from Lhasa (Tibet's capital) soon."     Shan Danleng's hometown, Leigu in Beichuan County, Sichuan Province, was devastated by the magnitude 8 earthquake on May 12 last year. But she told Wen that she and her schoolmates had moved into new classrooms last month, with the support of loving people. Chinese Premier Wen Jiabao (C) leads the children for a tour of the Zhongnanhai leadership compound during a celebration of the International Children's Day in Beijing, capital of China, June 1, 2009."Today we gather here like a big family. It's all because of love," Wen said. "I hope you will learn to love your parents, your hometowns and your country. With love we can unite together to build a better future for our motherland."     He also told accompanying teachers and officials to use the true, the good and the beautiful as principles in education.     The young visitors each left with a Chinese language dictionary and a set of Chinese literary classics, all autographed by Wen.