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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.

BEIJING, Dec. 20 (Xinhua) -- A senior Chinese official called for a higher level of requirements for promoting cultural and ethical progress at a national conference Tuesday.Li Changchun, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee urged for efforts to "provide firm ideological assurance, powerful spiritual drive, effective media support and sound cultural conditions for achieving the great goal of building an overall prosperous society."Li, also director of the Central Spiritual Civilization Development Steering Commission, made the remark while addressing the National Award-issuing Conference on the Work of Cultural and Ethical Progress.Li Changchun (1st L), a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Central Spiritual Civilization Development Steering Commission, presents the awards to the advanced collectives and individuals during the National Award-issuing Conference on the Work of Cultural and Ethical Progress held in Beijing, capital of China, Dec. 20, 2011. Li attended the conference on Tuesday and gave a speech.In his speech, Li extended his gratefulness to everyone engaged in cultural and ethical work at all levels, as well as to people from all walks of life for their active participation in, and support of, the work.Currently, publicizing the Party's new plenary session should be the primary task in cultural and ethical work, Li said."Cultural and ethical progress is a major component of the socialist cause with China's own characteristics," he said, emphasizing that substantial efforts must be made to strengthen Party leadership on the work.The meeting was presided over by Liu Yunshan, a member of the Political Bureau of the CPC Central Committee and deputy-director of the Central Spiritual Civilization Development Steering Commission.In an address at the gathering, he called for greater efforts in publicizing the models of cultural and ethical progress, so as to "enhance the level of civilization of the society as a whole."A total of 27 cities and municipal districts, 899 villages and small towns, and 1,794 institutions and enterprises were awarded for their marked achievements in cultural and ethical progress, and 23 cities and municipal districts that had been previously awarded were allowed to keep their honorary titles.

VIENNA, Oct. 31 (Xinhua) -- Visiting Chinese President Hu Jintao met his Austrian counterpart Heinz Fischer here Monday and laid out a multi-point proposal to further strengthen bilateral cooperation.During the meeting, Hu spoke highly of the ties between the two countries, saying that China values its relations with Austria and is willing to join hands with Austria to elevate bilateral ties to a higher level.Then he proposed that the two sides enhance their political relationship based on equality and mutual trust, continue with their frequent high-level contacts and steer bilateral relations from a strategic and long-term perspective.The two countries should also expand their mutually beneficial economic and trade relations, he said, while calling for concerted efforts to fight trade protectionism and encourage mutual investment so as to achieve a balanced, diversified and sustainable trade relationship.Visiting Chinese President Hu Jintao (L) shakes hands with his Austrian counterpart Heinz Fischer (R) in Vienna, Austria, Oct. 31, 2011. Hu Jintao held talks with Heinz Fischer in Vienna Monday.China is willing to import more goods from Austria and to work with Austria to seek cooperation with third countries in Central and Eastern Europe, said the Chinese president, who also asked Austria to create favorable conditions for Chinese investors in Austria.Meanwhile, Hu urged Vienna to play a more active role in pushing for the EU's recognition of China's full market economy status and for a lift of the bloc's restrictions on high-tech exports to China.In the culture sphere, the two sides should promote people-to-people exchanges and boost cooperation in culture, eduction and media among others, Hu said.In addition, the two countries should also deepen cooperation in multilateral mechanisms to jointly push for a more just and fairer international political and economic order, Hu said.China, he added, is willing to enhance cooperation and coordination with Austria on important issues such as global economic governance, climate change, energy security and peaceful settlement of international disputes.History has proven that as long as the two sides understand and support each other, and respect each other's social systems and development models, the bilateral relationship can achieve long-term, steady and healthy development, Hu said.Fischer, for his part, said that he fully agrees with Hu's proposal, adding that his country is willing to enhance cooperation with China in culture, science and technology and tourism and expand coordination in the United Nations and other multilateral frameworks.

SAN FRANCISCO, Jan. 12 (Xinhua) -- Microsoft on Thursday announced a patent licensing agreement with LG Electronics covering the South Korean manufacturer's tablets, smartphones and other consumer devices running Google's Android or Chrome operating system.In a press release, Microsoft said it marks the 11th deal with a device manufacturer leveraging Google's operating system platform, noting that "more than 70 percent of all Android smartphones in the U.S. are now receiving coverage under Microsoft 's patent portfolio."Terms of the deal were not disclosed. So far, Microsoft has struck major cross-licensing patent agreements with HTC, Samsung and Acer, among others.Last September, Microsoft announced a broad patent deal with Samsung. U.S. media reports cited South Korean media as saying that Microsoft had wanted Samsung to pay 10 to 15 U.S. dollars for each Android device.The booming mobile market has been harassed by acrimonious legal battles over patent infringement. Being an open source operating system, Google's Android has become a major target of patent suits.Microsoft has been going after companies that make phones and tablets running Android, rather than directly against Google. But the two tech giants are still engaged in public spats over the issue after Google's top legal officer posted a scathing blog last August accusing Microsoft and other companies of waging "a hostile, organized campaign against Android."Motorola Mobility, which Google announced to acquire in a 12.5 billion-dollar deal last August, currently is the last major Android device vendor that refuses to take a license from Microsoft.Frank Shaw, Microsoft's head of communications, used Twitter to taunt Google on Thursday, twitting "Hey Google -- we are the 70 percent" with a link to their press release.Brad Smith, Microsoft's executive vice president and general counsel, also tweeted "it's time to recognize that in patent world, lawsuits are the 1 percent; license agreements are the 99 percent. "Google so far has made no comments on the Microsoft-LG patent deal.

BEIJING, Nov. 16 (Xinhua) -- A senior Chinese commerce official said on Wednesday that the country will work to optimize the import mix of mechanical and electronic products so they can play a bigger role in China's restructuring efforts.Li Jinzao, vice minister of the Ministry of Commerce, made the remarks at a forum of the ongoing 13th "China Hi-Tech Fair" in Shenzhen.His remarks echoed a guideline issued in March on promoting the imports of mechanical and electronic products during the 2011-2015 period, in which China pledged efforts to encourage the imports of high-tech products.Li said that China will improve existing policies to attach more importance to the imports of advanced technology, equipment and components to spur innovation.Meanwhile, he said China will organize more trading events to exchange and cooperate with international businesses, and will continue to push the United States and European countries to ease restrictions on civil high-tech exports to China.