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BEIJING, Feb. 11 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year on year in January 2010, the National Bureau of Statistics announced Thursday.Food prices went up 3.7 percent last month year on year, with non-food prices edging up 0.5 percent from a year earlier.The figure advanced 0.6 percent in November 2009, ending nine months of decline.

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LONDON, Feb. 15 (Xinhua) -- British Prime Minister Gordon Brown said "Gong Xi Fa Cai", or "Wishing you prosperity" in Chinese, on Monday during a reception held at 10 Downing Street to mark the start of the Chinese Lunar New Year.In a message to mark the occasion, Brown said the government would continue to promote values shared with the thriving Chinese community such as the belief in "hard work, enterprise, community spirit and strong families."British Prime Minister Gordon Brown (1st L) expresses warm new year wishes to attendees during a reception at No. 10 Downing Street, the residence of the Prime Minister, in London, capital of the U.K., Feb. 15, 2010. Brown hosted a reception for overseas Chinese in Britain here on Monday to celebrate the Chinese Lunar New Year that falls on Feb. 14 this yearBrown said: "We are doing all we can to ensure economic stability and job security and I am proud that many Chinese entrepreneurs continue to create employment and contribute to the nation's GDP."Almost 100 guests including television presenter Gok Wan visited Number 10 to celebrate the beginning of the Year of the Tiger.   British Prime Minister Gordon Brown expresses warm new year wishes to attendees during a reception at No. 10 Downing Street, the residence of the Prime Minister, in London, capital of the U.K., Feb. 15, 2010.

BEIJING, March 7 (Xinhua) -- Foreign Minister Yang Jiechi said here on Sunday that China was misunderstood by some people who have accused the country of becoming "tough," and he called for the abandonment of "colored spectacles" about China."We stick to our principals, which is totally different from being tough," Yang said at a press conference on the sidelines of the annual session of the National People's Congress (NPC), the country's top legislature.Chinese Foreign Minister Yang Jiechi answers questions during a news conference on the sidelines of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 7, 2010It has always been the mission for China's diplomacy to defend China's sovereignty, security and development interests, while promoting world peace and development, he said.

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UNITED NATIONS, Jan. 20 (Xinhua) -- The United Nations' top humanitarian official on Wednesday rejected as "insulting" and untrue reports about the Chinese search-and-rescue team in Haiti."I don't believe there is any truth in these accusations ... that the search-and-rescue teams favored international members of the community rather than Haitian nationals," John Holmes, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, told reporters at UN Headquarters."I think it was done in an overall fair way," he said.The Chinese team "did take the lead" in looking for the missing people in the Christopher Hotel and also looked elsewhere, he said."I really don't think that accusation of favoritism stands up at all," he said. "I think, frankly, it is insulting to the people who were doing that ... to suggest that.""As far as I know, they (the Chinese team) did an extremely effective job. They were present in large numbers in an early stage and rescued a significant number of people," he added.The Chinse rescue team's performance has won laud applause from UN Secretary-General Ban Ki-moon.Ban, who arrived in Haiti on Sunday, spoke highly of the Chinese team's job.On behalf of the United Nations and the international community, Ban expressed his gratitude to the Chinese rescue team, who rushed to Haiti at the earliest time possible after the quake.On Tuesday, the Chinse Foreign Ministry also rejected accusations that the country's rescue team in Haiti searched only for Chinese nationals."The comment that the Chinese rescue team was only searching for Chinese nationals in Haiti is false and made out of ulterior motives," Foreign Ministry spokesman Ma Zhaoxu told a regular briefing in Beijing.After a 7.3-magnitude earthquake devastated Haiti last Tuesday, China dispatched a rescue team of about 60 people to Port-Au-Prince, capital of the Caribbean nation.Ma said the team had found a number of bodies, including those of eight Chinese police officers, UN officers in Haiti and some others.The Chinese team had also set up a temporary clinic near Haitian Prime Minister's compound, treating a large number of injuried Haitian people.Huang Jianfa, leader of the Chinese international rescue team, said Tuesday that his team's rescue efforts in quake-hit Haiti have surpassed national boundaries."The principle of our work is to mobilize limited resources in the shortest possible time to carry out rescue operations in the most needed areas," Huang said during an interview with Xinhua.Huang said the Chinese team would continue to engage in frontline rescue work in the following days to help more people of Haiti and the world."This is the duty of China as a responsible big country toward the people of the world," he said.

BEIJING, Feb. 7 (Xinhua) -- Chinese Premier Wen Jiabao has held five meetings over the past month to seek opinions and suggestions on a draft featuring guidelines of an education reform plan of China for the next decade.The document, entitled "State guidelines for middle- and long-term educational reform and development plan", is intended to chart the course for education development in China before 2020.The country began working on the document in late August 2008, and a leading group with Premier Wen in charge, was set up to be responsible for the drafting efforts. Chinese Preimer Wen Jiabao presides over a meeting on education in Beijing Feb. 4, 2010. The Premier presided over five meetings from Jan. 11 to Feb. 6 to solicit opinions from representatives from all walks of life on a plan of education reform and development that the Chinese government is formulatingAmong Wen's guests invited to Zhongnanhai in Beijing for the meetings were education experts, teachers, parents, students, and education administrative officials.The invitees aired advice and suggestions on reforming the management system of colleges, improving quality of vocational education, reducing children's study loads, and loosening limitations on the education of migrant workers' children in cities at the meetings held from Jan. 11 to Feb. 6.Wen said the reform plan must stick to principles including emancipation of the mind from shackles of traditional concepts and system to realize scientific development in education, letting teaching faculty, instead of the administrative staff, play a leading role in schools, and advancing an equal distribution of educational resources.Apart from the five meetings, other forms, such as opening a designated e-mail box, organizing Internet forums, and launching a special column with the website of the Ministry of Education have also been tried to solicit opinions and suggestions for drafting of the document.After the fifth round of opinion soliciting on Saturday, the document would be made public so that more people in the country would participate in the consultation and extra advice be heard before the document could be revised and improved, said Wen.    Chinese Preimer Wen Jiabao (2nd L) talks to representatives during a meeting on education in Beijing Feb. 5, 2010. The Premier presided over five meetings from Jan. 11 to Feb. 6 to solicit opinions from representatives from all walks of life on a plan of education reform and development that the Chinese government is formulating.

BEIJING, Jan. 17 (Xinhua) -- The bodies of all eight Chinese police officers buried under a collapsed building in the Haiti quake had been found as of early Sunday morning Beijing time, the Ministry of Public Security said.     The first body was found at 4:30 p.m. Jan. 16 Beijing time after more than 80 hours of search and rescue work, and the other seven were retrieved from 10:42 p.m. to 3:56 a.m. Jan. 17 under the joint efforts of the Chinese rescue team, the Chinese peacekeeping force in Haiti and several foreign rescue teams, the ministry's emergency response work team announced Sunday. Chinese peacekeeping police salute to a vehicle carrying the last body of their buried colleague in Port-au-Prince, capital of Haiti, on Jan. 16, 2010. The bodies of all eight Chinese police officers who were buried during the Haiti quake had been found as of early Sunday morning Beijing time, the Ministry of Public Security said    Of the victims, four were officers of China's peacekeeping force in Haiti and the rest were in a team sent by the ministry to Haiti's capital, Port-au-Prince, for peacekeeping consultations, according to the ministry.     The team arrived in the Caribbean city Tuesday afternoon. The eight were meeting UN officials in a UN building when the 7.3-magnitude quake struck on Tuesday.     According to the ministry, the bodies will be transferred back to China as soon as possible. Liu Xiangyang (L), deputy chief of the National Earthquake Disaster Emergency Rescue Team, salutes to a Chinese victim in Port-au-Prince, capital of Haiti, on Jan. 16, 2010. The bodies of all eight Chinese police officers who were buried during the Haiti quake had been found as of early Sunday morning Beijing time, the Ministry of Public Security said.

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BEIJING, Feb. 3 (Xinhua) -- Chinese economists are again concerned about the value of the country's dollar-denominated assets after the U.S. government's budget plan unveiled Monday forecast a record deficit for 2010.The economists are worried that, if the Congress approved the budget plan, the U.S. federal government will issue more bonds and print more money to finance the deficit, which may prompt dollar depreciation. Dollar depreciation erodes the value of China's holdings of dollar-denominated assets.The same fears took hold almost one year ago when the U.S. government said it would issue up to 2.56 trillion U.S. dollars of treasury bond debt to stimulate the economy to get through the recession.This time the budget deficit is larger. The Obama administration on Monday proposed a budget of 3.83 trillion U.S. dollars for fiscal year 2011 with a forecast deficit of 1.56 trillion U.S. dollars in 2010.The planned fiscal deficit is 10.6 percent of gross domestic product (GDP) - up from a 9.9 percent share in 2009 - the largest deficit as measured against GDP since the second world war.He Maochun, director of the Center for Economic Diplomacy Studies at Tsinghua University, said the deficit would be financed by those holding U.S. dollar-denominated assets with the main channel to transfer the risks caused by the deficit being the issuance of U.S. treasury bonds.The U.S. is already in enormous debt, with Treasury data showing public debt topping 12 trillion U.S. dollars in November last year, the highest ever.To pay for the deficit, the U.S. federal government will borrow 392 billion dollars in the January to March quarter of 2010, according to a Treasury Department statement released Monday. It will then issue 268 billion U.S. dollars of treasury bonds in the second quarter.Experts said the record deficit suggests the federal reserve will continue to flood more money into the market. The massive issuance of treasury bonds, the large fiscal deficit and the printing of the dollar will prompt further declines in the value of dollar, they said.In 2009, the greenback depreciated against major currencies by 8.5 percent, according to China's State Administration of Foreign Exchange (SAFE).China is the biggest foreign holder of the U.S. government debt. As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. treasury bonds. Moreover, more than 60 percent of China's 2.399 trillion U.S. dollar stockpile of foreign exchange reserves - the world's largest - is in dollars.Cao Honghui, director of the Financial Market Research Office of the Chinese Academy of Social Sciences (CASS), a government think tank, said the massive U.S. deficit spending and near-zero interest rates would erode the value of U.S. bonds.The U.S. government should not transfer the problems of enormous debt to other nations or regions that are creditors like China, he added.The SAFE said in a statement in December 2009 that China would diversify its foreign exchange reserve holdings - both currencies and securities - to reduce risk.Liu Yuhui, an economist with the CASS, said late last month China may scale back its purchases of U.S. debt on concern the dollar will decline.China trimmed its holdings of U.S. government debt by 9.3 billion U.S. dollars in November last year - the biggest cut in five months - taking them down to 789.6 billion U.S. dollars.Ding Zhijie, associate dean at the finance school at the University of International Business and Economics, said China had been securing its investment value by using its foreign exchange reserves for imports and acquisition in 2009."More reserves should be used for investment in materials and resources, which can reduce the risk," he said, adding that he expects the purchasing spree to continue this year.The deficit is expected to ease slightly to 1.3 trillion U.S. dollars in 2011, but that still represents 8.3 percent of 2011 GDP.But Ding said it is necessary for the U.S. to keep its powerful fiscal stimulus policy in place, as the economic recovery is fragile and remains uncertain.The U.S. economy shrank 2.4 percent in 2009, but the U.S. government is projecting GDP growth of 2.7 percent in 2010 and an unemployment rate average of 10 percent.Zuo Xiaolei, chief economist at China Galaxy Securities, said the U.S. had no choice but to rely on massive government spending to ensure the economic recovery.The budget deficit will pump money into the economy and generate jobs, which in turn will generate greater tax revenue that can help pay off the debt, Zuo said."But there is still a risk the policy will fail and that debt will grow beyond the government's ability to pay," in which case the entire global recovery will be threatened.

SHANGHAI, Jan. 22 (Xinhua) -- China's top political advisor Jia Qinglin Friday asked Shanghai, the economic center of the country, to upgrade its growth pattern through technology innovation and environmental protection.In a working tour in Shanghai, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said the city should use the upcoming World Expo as a "historical chance" to readjust its growth model and strive for stable and relatively fast economic growth. Jia Qinglin (front), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects the control center of Yangtze River Bridge-tunnel in Shanghai municipality of east China, Jan. 22, 2010The city on Thursday held the 100-day countdown for the six-month-long mega event.Jia stressed the importance of industrial upgrading, brand marketing, research and development during visits to a shipbuilding factory of the China State Shipbuilding Corporation and the Shanghai Zhenhua Port Machinery Co. Ltd.. Jia Qinglin (front L), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects Shanghai Zhenhua Port Machinery Corp., in Shanghai municipality of east China, Jan. 22, 2010.

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BEIJING, Feb. 6 (Xinhua) -- The Chinese Central Government has sent eight inspection working groups to 16 provincial areas nationwide to prevent the melamine-tainted milk powder, which killed at least six in 2008, from being reclaimed illegally in producing milk products.Leftovers of milk powder contaminated by melamine were sealed in 2008 and required to be destroyed, but some might have been used as raw materials for diary products illegally in certain areas, according to local police.Police in Shaanxi Province on Thursday publicized a case on illegal use of leftovers of melamine-tainted milk powder.An initial investigation showed 10 tonnes of tainted milk powder leftovers were sold to a local diary producer Lekang Company in September and October in 2009. Three suspects were arrested.Three suspects from the Shanghai Panda Dairy Company were prosecuted in December 2009 on suspicion of using leftovers of melamine-laced milk powder in milk products. Local police said all the company's products had been recalled and caused no serious harms to the consumers.China's food safety authorities on Feb. 1 launched a 10-day checks for melamine-tainted milk products across the country.However, the string of problems gave another blow to China's efforts to restore confidence in its dairy products.The melamine-laced milk products scandal in 2008 killed at least six infants and sickened 300,000 children across the country.Any illegal practices concerning food safety would be punished severely, an official with the National Food Safety Rectification Office led by Health Minister Chen Zhu said earlier this week.The quality watchdog of Xi'an, capital of Shaanxi Province, has carried out food safety inspection on 73 batches of different brands of milk products and has not found problems.The northeastern Jilin provincial government kicked off a milk product safety check at the end of January."We must do our best to retrieve and destroy milk products that have quality problems. We can't stand a single pack of such milk powder to appear in market," said Zang Zhongsheng, head of the Jilin provincial administration for industry and commerce.There is no accurate figure on the amount of problematic milk powder that has not been destroyed in the 2008 milk products scandal. But in the bankrupt dairy producer Sanlu alone, more than 2,000 tonnes of melamine-tainted baby formula was sealed in 2008.Sanlu, based in Shijiazhuang in Hebei Province, suffered devastating losses and went bankrupt, standing in the spotlight of the melamine-tainted milk products scandal in 2008.How to destruct the melamine-tainted milk powder was still a tough nut to crack for many local authorities and dairy firms, according to industrial insiders.A number of experiments had been conducted to find a way to deal with the melamine-tainted powder in Shijiazhuang, but they all failed, according to a insider who declined be named."If we use the milk powder as fuels, it would cost much more to clean boilers than burning coal; if we use it as ingredients in cement, we could not get qualified products; if we just bury it, we worry someone might dig it out illegally as the volume is huge," the expert said."The milk powder piled like hills and people just don't know what to do," said Zhang Xingkuan, a lawyer who once handle cases on compensation for the scandal victims and frequently visited the dairy firms.It was more difficult to monitor small dairy firms, which were more inclined to use leftovers of tainted milk to cut cost, according to Wang Weimin, secretary-general of Xi'an Dairy Association."They will not do this when milk powder prices are low, but they will do this when milk powder prices soar," he said.To crack down on such practices, the Chinese government had vowed to investigate the case thoroughly and all factories that use prohibited materials in producing dairy products would be shut down with license suspended and punished severely.

WASHINGTON, Feb. 27 (Xinhua) -- China remains the largest foreign holder of U.S. Treasury securities as at the end of December, the U.S. media reported on Saturday.The report quoted the new government data as saying that China held 894.8 billion dollars in Treasury securities at the end of December, more than 755 billion dollars that had been previously estimated.But the new report also showed China trimmed its holdings of U. S. debt by 34.2 billion U.S. dollars in December.The U.S. Treasury reported on Feb. 16 that Japan surpassed China as the largest holder of U.S. Treasury securities in December. But the new estimate said Japan, now back in second place, held 765.7 billion dollars in December.Japan had been the largest holder of U.S. Treasury securities until China gained that distinction in 2008."Purchase of Treasuries by China would reflect only purchases by an entity in China from an entity based in the U.S.," Stone & McCarthy Research Associates said in a recent client note."The Data would not pick up purchases done on behalf of Chinese investors by dealers in the U.K or Hong Kong, for example, nor would it pick up purchases of Treasuries by investors in China from investors based outside of the U.S.," it added.China defended its move to reduce its holdings of U.S. Treasury securities, saying the United States should take steps to promote confidence in U.S. dollar .Last week, when responding to questions on China's sale of U.S. Treasury securities in December, China's Foreign Ministry spokesman Qin Gang said the issue should be viewed from two perspectives.He said on the one hand, China always followed the principle of "ensuring safety, liquidity and good value" in managing its foreign exchange reserve. And when it came to how much and when China buys the bonds, the decision should be made taking into account the market and China's need, so as to realize rational deployment of China's foreign exchange property, he said.And on the other hand, the United States should take concrete steps to beef up the international market's confidence in the U.S. dollar, Qin said.The way to view the issue was similar to doing business, he said.

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