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LONGYAN, Fujian, Feb. 13 (Xinhua) -- Chinese President Hu Jintao on Saturday promised favorable polices to support and accelerate the development of old revolutionary bases."It is an important duty of the Party and government to help old revolutionary bases speed up development and improve people's living standard," Hu said during a two-day trip to Longyan City in east China's Fujian Province just ahead of the Spring Festival, or China's Lunar New Year, which falls on Sunday this year.Chinese President Hu Jintao (Front) dances with residents at Wulong Village in Gutian Town of Shanghang County under Longyan City, southeast China's Fujian Province, Feb. 13, 2010. President Hu made an inspection tour in Fujian on Feb. 12-13"In the future, we will continue to implement every favorable policy to help promote the sound and rapid development in the old revolutionary bases," Hu said.Hu, also general secretary of the Communist Party of China (CPC) Central Committee, visited Gutian Village in Shanghang County in the drizzle Saturday morning.Gutian Meeting, which had a milestone significance to the history of the CPC and the army, was convened in 1929 in the village."After ten years, I've come to Gutian again," said Hu, who last visited the village in 1999. "I feel happy from my deep heart to see the significant changes that have taken place here and the improved living standards of the villagers."Chinese President Hu Jintao (4th R) prepares special local New Year food with family members of Zhang Tangmei at Wulong Village in Gutian Town of Shanghang County under Longyan City, southeast China's Fujian Province, Feb. 13, 2010.He added that during the revolutionary era, people in the old revolutionary bases made great sacrifice and contribution to the victory of China's revolutionary cause and the founding of New China.He expressed hope that the villagers would continue to uphold the spirits of hard work and plain living so as to create a better life with their own hands.Hu visited a museum in memory of the meeting. At the office venue where Comrade Mao Zedong once worked, he stood still for quite a long time, to review the spirit of the Gutian Meeting and recall the merits and achievements made by the older generations of revolutionists.Chinese President Hu Jintao (3rd R) prepares special local New Year food with family members of Zhang Tangmei at Wulong Village in Gutian Town of Shanghang County under Longyan City, southeast China's Fujian Province, Feb. 13, 2010Hu also met with some local veterans, asking about their health and living conditions and greeting them on behalf of the CPC Central Committee.He added that currently, the whole Party and the whole nation were making great efforts to build a moderately prosperous society in all aspects. He urged the inheritance of the spirit of Gutian Meeting and more efforts in building the Party and the nation.Hu also visited Wulong Village near the venue of the Gutian Meeting. At the home of 95-year-old villager Zhang Tangmei, Hu extended new year's greetings to her and prepared special local new year food with her family.While making the glutinous rice with sweet Chinese dates, Hu asked the family members' life and work and wished them better life in the new year.At a square in front of the Wulong Village, Hu also joined the locals in dancing.

WASHINGTON, March 18 (Xinhua) -- The efforts by U.S. legislators to pressure China to reform its currency is to make China a scapegoat of the U.S. domestic politics, and may actually hurt the U.S. economy, according to articles published by U.S. well known media in recent two days.The Wall Street Journal said Thursday that U.S. lawmakers "want to make the yuan a scapegoat and risk a trade war with China," referring to the U.S. Senators' bill proposed Tuesday to call for China to appreciate its currency yuan.Under the pressure of the election year and high unemployment, U.S. Senator Chuck Schumer and four other senators unveiled a legislation to threaten China for punitive duties on goods from China if it does not let yuan appreciate against the U.S. dollar.The China-made clothes are sold at a Marshalls store in New York, the United States, March 18, 2010. The Americans may find that the appreciation of China's RMB will increase their living cost, as many goods they have been consuming are made in China"China is right to resist these calls, not least because a large revaluation could damage China's growth," the Wall Street Journal said in its Review and Outlook column. "China has helped to lead the global economy out of this recession, and the world needs that to continue."

UNITED NATIONS, Jan. 21 (Xinhua) -- A senior Chinese diplomat announced here on Thursday that China has decided to contribute an additional 2.6 million U.S. dollars in cash to quake-hit Haiti and send a 40-member medical care and epidemic prevention team to the Caribbean country.The announcement came as Liu Zhenmin, China's deputy permanent representative to the United Nations, was taking the floor at the second briefing/pledging conference of the UN Office for the Coordination of Humanitarian Affairs (OCHA) for Earthquake in Haiti, which opened here on Thursday afternoon.A strong earthquake on Jan. 12 has left many people dead, including 61 UN staff members working in the island country, and a lot of buildings damaged or destroyed.Cao Li (L), a member of China International Search and Rescue Team, gives psychotherapy to a young Haitian woman in Port-au-Prince Jan. 20, 2010. Members of China International Search and Rescue Team came to a local medical center on Wednesday to offer medical help and psychological consultations to people injured at the Jan. 12 earthquake."At today's meeting, I am honored to announce that the Chinese government has decided to contribute an additional 2.6 million U.S. dollars in cash to Haiti, send a 40-member medical care and epidemic prevention team to Haiti and provide additional medicine and medical equipment to the country," Liu said."We support the United Nations in playing an important coordinating role in disaster relief and reconstruction in Haiti," he said. "We hope that the Haitian people, with the help of the international community, will overcome the difficulties, rebuild their homes and achieve self-reliance at an early date."The new Chinese contribution follows a Jan. 13 decision of the Red Society of China to donate one million U.S. dollars in cash to Haiti, he said. "On Jan. 15, the Chinese government announced its decision to provide 30 million yuan (about 4.4 million U.S. dollars) worth of humanitarian emergency supplies to Haiti."The first charter plane loaded with these supplies arrived in Haiti on Jan. 17, bringing to the local people medicine, tents, portable emergency lights, water purification equipment, food, drinking water and clothes, he said. "The second plane, which was delayed due to limited capacity of the Haitian airport, will arrive on Jan. 26."Since Jan. 13, the 60-member emergency rescue team sent by the Chinese government has fully engaged in disaster relief in the Haitian capital Port-au-Prince, he said. "The team has carried out effective search and rescue operations at the headquarters of MINUSTAH (the UN Stabilization Mission in Haiti), the prime minister's palace and other places, with a number of bodies found, including those of Special Representative Hedi Annabi of MINUSTAH and other UN staff.""The medical team of the Chinese rescue team are providing medical support for several hundred local people everyday," he said. "At this very moment, the Chinese international rescue team is still working at this forefront of disaster relief in Haiti and doing its utmost to help more people affected by the earthquake."Since the earthquake struck Haiti on Jan. 12, the international community has worked in solidarity to offer a helping hand to the Haitian people and government, he said. "At present, disaster relief in Haiti is in full swing.""The Chinese government highly commends the timely and effective assistance provided to Haiti by the United Nations, which has won the wide acclaim of the international community and laid a good foundation for the next phase of reconstruction efforts," he said.

BEIJING, Jan. 30 (Xinhua) -- China on Saturday decided to suspend scheduled visits between the Chinese and U.S. armed forces, in response to Washington's plan to sell a package of arms worth about 6.4 billion U.S. dollars to Taiwan. "We made the decision out of considerations on the severe harm of the U.S. arms sales to Taiwan," said Defense Ministry spokesman Huang Xueping in a statement.The U.S. government on Friday announced the plans to sell a package of arms to Taiwan, which include Patriot missiles, Black Hawk helicopters and minesweepers. China immediately expressed strong indignation about the sale after the U.S. government notified the U.S. Congress of the plans.Qian Lihua, director of the Defense Ministry's Foreign Affairs Office, on Saturday summoned the defense attache of the U.S. Embassy in Beijing to lodge a stern protest."The Chinese military expresses grave indignation and strongly condemns such a move to grossly interfere into China's internal affairs and harm China's national security interests," Qian said in a press release of the office.Taiwan issue is related to China's sovereignty and territorial integrity, and concerns China's core interests."The U.S. arms sales to Taiwan gravely violates the three joint communiques between China and the United States, and seriously endangers China's national security and harms China's reunification course," Qian said.The U.S. such move also constitutes severe violation of the agreements reached by the top leaders of both sides on the China-U.S. relations in the new situation, he said.It runs counter to the principles of the joint statement issued during U.S. President Barack Obama's visit to China in November last year, said Qian.The U.S. plan will definitely bring about serious negative impact on the relations between the two countries and militaries, and will to the end severely undermine the interests of the United States itself, he noted.The United States have reiterated in many occasions that it will adhere to the one-China policy, abide by the three joint communiques and support the peaceful development of relations across the Taiwan Straits."However, the United States now takes faithless action to sell arms to Taiwan again," Qian said such plans severely poison the political foundation of the relations between the two militaries, and produce grave obstacles to military exchanges between the two sides.Qian urged the United States to respect China's core interests and concerns, take practical actions to abide by its solemn commitments on Taiwan issue, withdraw its arms sales items to Taiwan, and stop military links with Taiwan, in order not to create further damage to the relations between the two countries and the two militaries and to the peace and stability across the Taiwan Straits."We reserve the right of taking further actions," he noted.According to Huang, the spokesman, "such a move is gravely against especially the 'Aug. 17' communique signed in 1982."The U.S. side states in the Communique that "it does not seek to carry out a long-term policy of arms sales to Taiwan" and "intends to reduce gradually its sales of arms to Taiwan, leading over a period of time to a final resolution.""We will never give in or compromise in this issue," the statement quoted Huang as saying, noting that the Chinese military will firmly fight against any move to destroy China's national sovereignty security and territorial integrity.

BEIJING, March 24 (Xinhua)-- China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion U.S. dollars) starting on Thursday.The batch is the 7th of its kind the MOF has issued this year. The issue of this batch of T-bonds ends on March 29, according to a statement on the MOF's official website.The bonds would be traded on the interbank bond market and securities bond market from March 31.The bonds have a fixed annual interest rate of 3.36 percent, with the interests to be paid every half year, on March 25 and Sept. 25, respectively, according to the statement.The last interest payments and principals would be paid back together on March 25, 2020, statement said.　 Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.