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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. 28 (Xinhuanet) -- A second city in East China's Fujian province will require those buying emergency contraceptive pills to show identification, Xiamen Daily reported on Wednesday.Citizens in Xiamen city of East China's Fujian province will now be asked to provide proof of identity, following a similar rule of the province's capital city of Fuzhou,According to the rule issued by Xiamen Food and Drug Administration, all pharmacies should check the buyer's ID card, register names and numbers as well as contact information, before selling pills to them.Some citizens fear the rule could invade people’s privacy. While others point out the rule may hinder efforts to protect teenagers from unplanned pregnancies.Despite the requirement, it is believed some will still be unwilling to register authentic personal information.
BEIJING, Jan. 10 (Xinhua) -- Chinese State Councilor Dai Bingguo on Tuesday attended a reception at the Great Hall of People in Beijing celebrating the 20th anniversary of the establishment of diplomatic ties between China and five Central Asian countries.China successively established diplomatic relations with Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan in early January of 1992.In his address, Dai said relations between China and the five nations have achieved comprehensive and significant progress since they forged diplomatic ties 20 years ago, featuring frequent high-level visits, deepened political mutual trust, mutual support on major issues of each other's concern and expanded mutually beneficial cooperation in various fields.China and the five countries have maintained close coordination within the framework of the United Nations and the Shanghai Cooperation Organization and have positively contributed to safeguarding and promoting the world's peace, stability and development, he said.Noting China and the Central Asian nations are good neighbors, good friends and good partners, Dai said, no matter how the international situation changes, China will adhere to the policy of building friendship and partnership with its neighbors and support the five nations to independently choose their development path.China will unswervingly advance traditional friendship and cooperation with the five nations and will work with them to make unremitting efforts for building a harmonious world of lasting peace and common prosperity, he said.Dai said China will take the opportunity of celebrating the 20th anniversary to increase political mutual trust, expand mutually beneficial cooperation and develop traditional friendship with the five nations, in the hope of jointly creating a bright future for their relations.Li Xiaolin, president of the Chinese People's Association for Friendship with Foreign Countries, and diplomatic envoys from the five Central Asian nations also addressed the reception.
BEIJING, Oct. 20 (Xinhuanet) -- A Teenager's intelligence is not fixed as usually thought. Instead, it can go through swings in a few years, according to a British study reported online in Nature.Teenagers' IQ can rise or fall 20 points over time, researchers from Wellcome Trust Centre for Neuroimaging of Kings College, showed in their study.IQ (short for "intelligent quotient") is an gauge of mental capability measured through a series of standardized tests of language skill, spatial ability, arithmetic, memory and reasoning.To get the findings, Cathy Price, senior researcher of the study, and her colleagues tested 33 British teenagers between the ages of 12 to 16 in 2004, who had average IQ scores around 100. Then the teenagers were retested four years later.The researchers found the volunteers' IQ scores went up and down over the four years, with some teenager's scores rising by as many as 20 points, and others' dropping by the same points."That is quite astounding," cheered psychologist Robert Plomin from the same university but not involved in the study. Dr. Price and her colleagues don't know the causes of such fluctuations in the scores they tested, but speculate that learning experiences might account the changes, reported by the Wall Street Journal Today. "We have to be careful not to write off poorer performers at an early stage when in fact their IQ may improve significantly given a few more years," stated Dr. Price cited by the Huffington Post.
BEIJING, Dec. 31 (Xinhua) -- In a New Year's address broadcast on Saturday, Chinese President Hu Jintao vowed that China will continue to develop friendly exchanges with other countries and positively participate in international cooperation on global issues.While addressing domestic and overseas audiences via state TV and radio broadcasters, Hu urged the acceleration of the transformation of the country's economic development pattern and structural adjustments while making more efforts in ensuring people's livelihood.The country will continue to balance maintaining steady and relatively fast economic growth with adjusting its economic structures and managing inflation expectations, he said in the speech titled "Jointly Improve World Peace and Development," which was broadcast by China Radio International, China National Radio and China Central Television.A photo released on Dec. 31, 2011 shows Chinese President Hu Jintao delivering a New Year address, titled "Jointly Improve World Peace and Development", to domestic and overseas audiences via state TV and radio broadcasters.China will stick to the guidelines of "one country, two systems," "Hong Kong people governing Hong Kong," "Macao people governing Macao," and a high degree of autonomy in maintaining the long-term prosperity and stability of Hong Kong and Macao, Hu said."We will adhere to the principles of 'peaceful reunification' and 'one country, two systems,' continue to push forward the peaceful development of cross-Strait relations, ensure the basic benefits for those of the Chinese nationality, and endlessly work for the common benefit of the compatriots on both sides of the Taiwan Strait," he said.2011 was the first year of the country's 12th Five-Year Plan period (2011-2015). In the face of complicated international situations and arduous tasks in maintaining domestic reform, development and stability, Chinese people united and continued to push forward the opening up and reform drive and the socialist modernization construction, while maintaining steady and relatively fast economic growth and making progress in building a well-off society in an all-around way, he said.China was also actively engaged in international cooperation to boost the growth of the global economy and financial stability, and it was involved in resolving international and regional issues, he said.The world is currently witnessing multipolarization and globalization, and various countries are increasingly interdependent, Hu said."However, the instability and uncertainty of the world economic recovery is on the rise, international and regional hot-topic issues have cropped up one after another, and the peace and development of the world faces unprecedented opportunities and challenges," Hu said.China will stick to peace, development and cooperation, adhere to independent foreign policy, maintain world peace and promote common development, Hu said.The country will stick to the principle of mutual benefit when opening itself up, he said."We will develop friendly cooperations with all countries on the basis of the five principles of peaceful co-existence, and we will continue to actively participate in international cooperation on global issues," Hu said."I believe that as long as people from all countries make efforts hand-in-hand, the world will have a better future and the welfare of the people of all countries will improve," Hu said.An article by Hu on boosting the country's cultural development will be published in Qiu Shi (Seeking Truth), an official magazine of the Communist Party of China Central Committee, on Jan. 1.