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BEIJING, April 11 (Xinhua) -- China's foreign exchange reserves rose 16 percent year-on-year to 1.9537 trillion U.S. dollars by the end of March, said the People's Bank of China on Saturday.     It represents an increase of 7.7 billion dollars for the first quarter, but the increase was 146.2 billion dollars lower than the same period of last year.     Outstanding foreign currency loans stood at 235.2 billion U.S. dollars by the end of March, down 11.7 percent year on year.     In the first quarter, foreign currency loans dropped by 8.5 billion U.S. dollars. The decline was 57.3 billion U.S. dollars heavier over the same period of last year.     In March, foreign currency loans rose by 4.3 billion U.S. dollars. The increase was 6.4 billion U.S. dollars lower than the same period of last year.     Meanwhile, outstanding foreign currency deposits rose 28.9 percent, or 7.5 billion U.S. dollars, to 200.3 billion U.S. dollars in the first quarter. The increase was 13 billion U.S. dollars higher over the same period of last year.     In March alone, foreign currency deposits rose by 3.3 billion U.S. dollars. The increase was 1.8 billion U.S. dollars higher over the same month in 2008.     Analysts said the smaller growth of foreign exchange reserves in the first quarter was related with changes in the value of non-U.S.-dollar assets and money flows under the capital account.     In March alone, the foreign exchange reserves rose by 41.7 billion U.S. dollars. The increase was 6.7 billion U.S. dollars higher than the corresponding period of last year.     The country's foreign exchange reserves reduced to 1.914 trillion U.S. dollars at the end of January and 1.912 trillion U.S. dollars at the end of February.     "Changes of foreign exchange reserves in the first quarter were mainly driven by non-U.S.-dollar assets' volatile fluctuation," said Liu Yuhui, an economist with Chinese Academy of Social Sciences (CASS).     During the first quarter, especially the first two months, non-dollar foreign currencies dropped heavily against the U.S. dollar, leaving about 40 percent of the country's non-dollar assets depreciated.     Meanwhile, the country's trade surplus had reduced during the first quarter due to a weakening external demand.     Exports fell 17.5 percent in January, 25.7 percent in February and 17.1 percent in March. In February, trade surplus plummeted by34.3 billion U.S. dollars to 4.8 billion.     "The 7.7-billion-dollar increase in foreign exchange reserves for the first quarter showed the country's economy still depends heavily on external demand," said Mei Xinyu, an economist with the Ministry of Commerce (MOC).     Yuan Gangming, a researcher with the CASS, said the smaller increase in foreign exchange reserves might also be caused by capital flight.     Official statistics show during the first two months, the actually-utilized foreign direct investment dropped by 26.2 percent.     A large proportion of the country's foreign exchange reserves are invested in U.S. treasuries and notes. Last month, the U.S. Federal Reserve announced a plan to buy up to 300 billion U.S. dollars in long-term treasuries. That added to worries in the value stability of the country's foreign exchange reserves.     Mei said the slower growth in foreign exchange reserves could be conducive to the national economic security because less capital would be exposed to devaluation risks.     "The top priority should be to keep the value of foreign exchange reserves stable," said Yuan. He suggested relevant authorities should keep a close eye on flows of foreign reserves and prevent a similar capital flight that happened after the Asian financial crisis.

TAIYUAN, Feb. 24 (Xinhua) -- Governor of Shanxi Province Wang Jun on Tuesday made an apology to victims and their families over the gas blast at the Tunlan coal mine that left 74 people dead and 114 others injured.     "The blast caused huge loss of life and property ... We say sorry to the victims and their families," said the senior official.     As he spoke at the investigation team meeting tears choked his eyes several times.     The Shanxi provincial committee of the Communist Party of China(CPC) and the provincial government have made a formal admission of error to the CPC Central Committee, the State Council and the State Administration of Work Safety, according to Wang. Governor of Shanxi Province Wang Jun (R) wipes tear as he makes an apology to victims and their families over the gas blast at the Tunlan coal mine that left 74 people dead and 114 others injured, in Taiyuan, north China's Shanxi Province on Feb. 24, 2009. Shanxi will start a one-year campaign on work safety of state-owned and collectively-owned mines as of March 1, he added.     Wang, who had been appointed the head and Party chief of the State Administration of Work Safety in March last year, was elected as the governor of Shanxi Province in January.     Wang served as the acting and deputy governor of the coal-rich province in north China since mid-September last year when Meng Xuenong resigned from the post of governor in the wake of a deadly mud-rock flow that killed at least 277 people.Tears well up as governor of Shanxi Province Wang Jun makes an apology to victims and their families over the gas blast at the Tunlan coal mine that left 74 people dead and 114 others injured, in Taiyuan, north China's Shanxi Province on Feb. 24, 2009.

RAYONG, Thailand, April 10 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Friday to attend the East Asia Summit and related meetings in a bid to promote regional cooperation to confront the global financial crisis.     The premier's trip is aimed at enhancing mutual trust between China and east Asian countries, promote regional cooperation and boost determination and confidence to jointly tackle the crisis, which has dealt a heavy blow to the Asian economy. Chinese Premier Wen Jiabao (L Front) arrives in Phatthaya, Thailand, April 10, 2009. Wen's trip from April 10 to 12 will be highlighted by a series of meetings in Phatthaya of Thailand, including the 12th China-Association of Southeast Asian Nations (ASEAN) Summit, the 12th summit between the ASEAN and China, Japan and South Korea, the 4th East Asia Summit, and China-Japan-South Korea Breakfast Meeting.    Wen's trip from April 10 to 12 will be highlighted by a series of meetings in Pattaya, Thailand, including the 12th China-the Association of Southeast Asian Nations Summit, the 12th summit between the ASEAN and China, Japan and South Korea, the 4th East Asia Summit, and a China-Japan-South Korea Breakfast Meeting.     His entourage includes Foreign Minister Yang Jiechi; Zhang Ping, chairman of the National Development and Reform Commission; Finance Minister Xie Xuren; Commerce Minister Chen Deming; Xie Fuzhan, director of the Research Office of the State Council; Chinese Ambassador to the ASEAN Xue Hanqin; Qiu Xiaoxiong, vice secretary-general of the State Council and director of the premier's office; and Assistant Foreign Minister Hu Zhengyue.  Chinese Premier Wen Jiabao (L Front) arrives in Phatthaya, Thailand, April 10, 2009. Wen's trip from April 10 to 12 will be highlighted by a series of meetings in Phatthaya of Thailand, including the 12th China-Association of Southeast Asian Nations (ASEAN) Summit, the 12th summit between the ASEAN and China, Japan and South Korea, the 4th East Asia Summit, and China-Japan-South Korea Breakfast Meeting.

NEW YORK, April 15 (Xinhua) -- Chinese State Councilor Liu Yandong gave a speech at the prestigious Yale University on Wednesday, calling for the strengthening of bilateral exchanges and cooperation in the field of humanities. Liu said that to build positive and comprehensive Sino-U.S. relations in the 21st century, the two countries need to deepen and expand exchanges and cooperation in humanities.     "Humanities exchange is a bridge of friendship, understanding and trust between nations and peoples, which comprises an important part of Sino-U.S. relations along with economic and trade cooperation," she said. Chinese State Councilor Liu Yandong (L) receives the Howland Medal from the President of Yale University Richard Levin at Yale University in New Haven, Connecticut, the United States, April 15, 2009. Liu Yandong gave a speech at the prestigious Yale University on Wednesday, calling for the strengthening of bilateral exchanges and cooperation in the field of humanities    Strengthening humanities exchanges, promoting consensus and understanding will help different cultures to learn from each other and develop, and earn benefits for the countries and peoples, Liu said.     She said China and the U.S. should attach great importance to and enhance exchanges and cooperation in humanities from a strategic and long-term perspective, explore new ways, and enrich new content into the field.     Liu offered China's willingness to promote dialogue and exchanges with the U.S., enhance mutual trust and cooperation, and jointly push the bilateral relations to further development in the new era.     Liu arrived in New York on Saturday, at the start of her official visit to the United States.

BEIJING, March 1 (Xinhua) -- Chinese Vice President Xi Jinping urged efforts from the country's Party leaders to improve their political integrity and competence.     Xi, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remarks Sunday at the opening ceremony of the spring session of the Party School of the Central Committee of CPC.     Xi, also president of the school, said the Party and the people were the keys to coping with the impact of the global financial crisis, maintaining steady and relatively fast economic growth and safeguarding social stability and harmony.     He asked Party leaders to abide by disciplines and identify themselves with the CPC Central Committee both spiritually, politically and in action.     He also urged officials to improve their ability in driving forward the country's scientific development.     He called on leaders to be more innovative, enhance their ability to find talent and pool them together in the causes of the Party and the country.     Officials were also asked to scientifically forecast and take preparatory measures in the face of possible risks.     The officials should improve their ability in safeguarding social stability, and be able to settle disputes and conflicts in a timely and appropriate manner, he said.     The officials should also be able to get along with the media, and to effectively channel public opinions, said Xi.