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GUANGZHOU, Nov. 22 (Xinhua) -- What China can do for the world is not to sell out its massive dollar reserve, but slightly increase its hold of the currency to give reasonable support to the U.S. effort to save its economy, said a senior economist here on Saturday.     It is indeed difficult for China to handle its huge forex reserve, as the U.S. currency has already depreciated 20 percent against the Chinese yuan, said Cheng Siwei, well-known economist at a financial forum held in Guangdong.     "China would suffer from losses if it sells off the dollar, so our strategy should be not to sell, but to slightly increase dollar reserve," said Cheng, also former vice-chairman of the Standing Committee of the National People's Congress (NPC).     Cheng made the remarks amid increasing concern that China might use its forex reserve to finance its 4-trillion-yuan stimulus plan. China held 1.9 trillion dollars worth of forex reserve by September this year.     China "can only afford to do what is corresponding to its level of development and national power amid a global crisis," said Cheng.     "We should be prudent as to how to deal with our forex reserve," said Cheng, noting that China, despite its large size of economy, has its gross domestic product (GDP) accounting for only 6 percent of the world's total, and its per capita GDP ranking falling out of the top one hundred list.

CHENGDU, Dec. 29 (Xinhua) -- President Hu Jintao visited quake-hit Sichuan Province over the weekend, showing concern for survivors and inspecting reconstruction work as winter set in.     It was Hu's second visit after the May 12 earthquake. Hu's last visit was on May 16, when quake relief work was in a critical phase.     The 8.0-magnitude quake, centered in Wenchuan County, left more than 69,000 people dead, 374,000 injured, 18,000 missing and millions homeless. Chinese President Hu Jintao visits students and teachers at Guixi Middle School in Beichuan Qiang Autonomous County, southwest China's Sichuan Province, Dec. 27, 2008. President Hu Jintao visited quake-hit Sichuan Province on Dec. 27-29, showing concern for survivors and inspecting reconstruction work.     From Saturday to Monday, Hu visited reconstruction sites, factories, villages, resettlement centers, schools and clinics in battered Mianyang, Deyang, Chengdu and Aba, giving residents and those helping with rebuilding work new year's greetings.     In villages and resettlement centers, Hu went into homes and even the kitchens and bedrooms of local people to see if they were warm enough and well-fed.     "The most important thing is to make sure all people are housed, have clothes and quilts to resist the cold, have enough food for the winter and coming spring, and medical service and epidemic prevention are in place," he said.     At Caijiagang Village, Wenchuan, Hu asked villager Ma Xizhi to be aware of safety problems in using electricity and fire and told local officials to respect farmers' will in building new homes with government subsidies.     At Guixi Middle School in Beichuan County, the president encouraged the students to study hard to repay society's concern. Chinese President Hu Jintao (L Front) shakes hands with a woman as he visits residents of the Xingfu Community in Dujiangyan City, southwest China's Sichuan Province, Dec. 28, 2008. President Hu Jintao visited quake-hit Sichuan Province on Dec. 27-29, showing concern for survivors and inspecting reconstruction work.     He told workers who were rebuilding the school to ensure the quality of the buildings and make them safe and solid.     Hu also inspected the progress of industrial and agricultural reconstruction in the quake areas.     At Dongfang Steam Turbine Works, a large state-owned enterprise, he asked about losses and the recovery of production, urging the employees to speed up the reconstruction and develop the facility into a world-class electric equipment manufacturer.     Many Dongfang employees were killed in the quake. Hu told the officials to pay visits to victims' families during the upcoming festivals and help them solve problems.     The central government has introduced policies to support agricultural recovery, Hu said at a herb production base in Huaxi Village, Dujiangyan. He encouraged growers to make good use of these policies and technology to recover losses from the quake.     The president also expressed respect to workers at reconstruction sites. In Hanwang Township, he praised workers for their hard work and encouraged them to live up to the expectations of the quake region and get their jobs done with high quality and efficiency. Chinese President Hu Jintao (R Front) shakes hands with a woman as he visits workers and inspects production at Dongfang Steam Turbine Works in Hanwang Township of Mianzhu City, southwest China's Sichuan Province, Dec. 28, 2008. President Hu Jintao visited quake-hit Sichuan Province on Dec. 27-29, showing concern for survivors and inspecting reconstruction work.     With the accelerating reconstruction work, demand for construction materials has grown. Hu visited a supply station in Dujiangyan, urging abundant supply and stable prices to serve local needs.     En route to Yingxiu Township, Hu encountered dozens of military vehicles transporting reconstruction material to the quake zone, part of the Chengdu Military District's 1,000-vehicle logistics task force.     Hu praised the soldiers for their contribution to the quake relief and reconstruction, asking them to overcome difficulties and finish the job.     While in Sichuan, Hu also met with provincial officials, encouraging them to fully implement the central government's reconstruction policies.     He told them to put people first, respect nature and seek a balance in speed and quality in rebuilding.     The great quake relief spirits formed in China's fight against the tremendous disaster are very precious, he said, urging the promotion of such spirits among officials at a time of difficulty as an inspiration.

BEIJING, Dec. 5 (Xinhua) -- Chinese President Hu Jintao on Friday called for a stronger high-level dialogue mechanism with the United States.     "China and the United States should continue to step up their high-level dialogue mechanism for substantive cooperation and stronger bilateral relations," Hu told visiting U.S. Treasury Secretary Henry Paulson. Chinese President Hu Jintao (R) meets with United States Treasury Secretary Henry Paulson at the Great Hall of the People in Beijing, capital of China, Dec. 5, 2008.     Their meeting came after China and the United States concluded their two-day Strategic Economic Dialogue (SED), which produced 40 agreements in areas ranging from finance and trade to energy and the environment.     Included in Paulson's high-profile delegation were the U.S. secretaries of agriculture, labor, health and the environment, among others.     Led by Vice Premier Wang Qishan, the Chinese delegation included more than 10 ministers from such areas as finance, development and reform, agriculture, labor, commerce, health, the environment and the central bank.     "The two delegations should summarize the good experience and practice of the SED talks and jointly implement the consensus and agreements that are reached," Hu said.     Initiated by the two presidents in 2006, the biannual SED is the highest level of bilateral economic dialogue.     Hailing the positive outcomes of the talks, Hu said the dialogue was a success because the talks stuck to comprehensive, strategic and long-term issues and served bilateral economic and trade cooperation, as well as the overall bilateral relationship.     The successes also lay in the fact that the two sides took care of both nations' interests and concerns, broadened fields of bilateral cooperation and cultivated new areas for growth, Hu said.     "The dialogue helped the two nations increase mutual trust, narrow their differences and properly address the problems arising from the cooperation," Hu said. Chinese President Hu Jintao (R) meets with United States Treasury Secretary Henry Paulson at the Great Hall of the People in Beijing, capital of China, Dec. 5, 2008.     "China-U.S. relations now stand in an important era connecting the past and the future," President said.     China values its ties with the United States and sees the 30th anniversary of diplomatic ties as an opportunity, Hu said.     "Let's maintain the direction of the constructive cooperation, step up dialogue, increase mutual trust, expand cooperation and take the bilateral relationship to a new high," Hu said.     Paulson said the launch of the SED was a farsighted strategic decision made by the presidents of the two nations.     The just-concluded dialogue was the final SED meeting for Paulson, who will step down next January.     Paulson, a key figure in establishing the SED mechanism, hailed the role of the SED in boosting bilateral trade relations and promoting the world economy over the past two years.     The SED succeeded in dealing with the strategic economic relations, addressing the complicated and subtle issues and promoting the bilateral ties, he said.     On U.S.-China relationship, Paulson said it was one of the most important bilateral relations in the world.     He reaffirmed that the United States would like to work with China to further boost their ties.

BEIJING, Jan. 3 (Xinhua) -- For many Chinese who want to nab railway tickets home for the annual Spring Festival migration, the government's promise of having a better system by 2012 is just a distant hope.     Starting Friday, the first day to book tickets for the travel rush expected to last from Jan. 11 to Feb. 28, long queues appeared at ticket booths in almost every major railway hub.     In Wuhan, college students were first hit by the rush, as many schools' winter break starts from Jan. 10 to 17.     As more than 70 percent of the 1 million resident students there were expected to go home by train, local railway authorities have set up ticket agents on campus, opened more ticket booths for students at stations and offered special trains for students.     But many still found it difficult to get tickets, especially to Urumqi, Qingdao, Jinan, Harbin, Zhanjiang and Nanning. At the Wuchang Railway Station alone, more than 60,000 tickets were sold on Friday.     In Shanghai, police and security officers were put 24-hour on guard to maintain order and prevent accidents. They gave each passenger a number and assigned them to different waiting lines.     At the Beijing West Railway Station, 15 temporary ticket booths have been opened. To keep the lines at no more than 20 people as required by the Railway Ministry, Beijing railway authority set up410 ticket booths at the main Beijing Railway Station and the Beijing West Railway Station. Tickets will be sold around the clock.     Deputy General Manager of the Guangzhou Railway Group Cao Jianguo asked passengers to "be patient" and "try again" with the booking telephone hot line 96020088 in Guangdong.     Nine stations in the southern province have been networked this year with the telephone hotline, which means passengers can pick up or cancel reserved tickets much more easily by showing identification.     At Guangzhou railway stations, the Guangzhou Command College of Armed Police was mobilized at seven ticket booths. They were on duty during last year's Spring Festival rush, which was aggravated by unusual snowstorms.     The Railway Ministry expects 188 million people to travel during the coming travel rush, up 8 percent from last year, with daily traffic expected to hit 4.7 million people.     Beijing, Guangzhou, Shanghai and Hangzhou are the "most bustling hubs" before the Spring Festival, which falls on Jan. 26,so railway authorities have added 319 temporary express passengers trains this year.     Despite these efforts, many passengers still feared that they might not be able to get tickets to get home in time.     Qiao Kejiao, a Beijing hospital clerk, said she might resort to being duty on Lunar New Year Eve and traveling on the second day, when traffic would be lighter.     In a work meeting that closed on Thursday, Railway Minister LiuZhijun attributed the annual travel ordeal to inadequate rail networks. The work meeting decided that speeding up railway construction and securing railway transportation were the ministry's priority tasks in 2009.     Liu foresaw a "historic change" in 2012 when intensive investment would extend total track mileage to 110,000 km, including 13,000 km of passenger lines on which trains could run between 200 to 350 km per hour.     The scenario does not offer any immediate comfort. Associate senior editor of the Study Times, Deng Yuwen, said the real solution was not in hardware improvement such as more tracks but in management and service.     In a column in the Shanghai-based Oriental Morning Post on Saturday, he said that the per capita railway mileage in China was only 6 cm, shorter than a cigarette.     "Even after the mileage is extended from the current 78,000 km to 110,000 km, per capita rail lines in China will only be 8.5 cm. Can we really say good-bye to ticket shortages by then?"     The real culprit, he wrote, was insufficient capacity. To improve the capacity, foreign and private capital should be introduced to break the government monopoly in railway investment, he said.     The ticket distribution system should also be streamlined to avoid the "gray zone" where so-called "contract units" such as tourism agencies and outlets take advantage of contacts to hoard tickets that are then re-sold for illegal profits.     Ticket purchases under real names, a proposal that has been repeatedly rejected by the railway authorities, could help improve management and services, he said.