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BEIJING, Feb. 25 (Xinhua) -- 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 .Foreign Ministry spokesman Qin Gang made the comment Thursday when responding to questions on China's sale of U.S. Treasury securities last December.Qin 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.China trimmed its holdings of U.S. debt by 34.2 billion U.S. dollars in December 2009, leaving Japan the largest holder of U.S. Treasury securities, the U.S. Treasury Department reported on Feb. 16.As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. Treasury bonds.

HEFEI, Feb. 10 (Xinhua) -- Nine people were killed in a traffic accident in east China's Anhui Province Wednesday, police said.A five-seat minibus, carrying nine people, made a head-on collision with a passenger bus with seven people onboard at 2:30 p.m. Wednesday in Mengcheng County of Bozhou City.The minibus was running on the wrong lane when the accident took place, police said.Seven of those on the minibus were killed at the site and two others died later in hospital after first-aid efforts failed.

BEIJING, Feb. 11 (Xinhua) -- Chinese Vice Premier Li Keqiang Thursday called for greater efforts in boosting maritime activities, especially scientific expeditions to polar regions and the oceans.Li extended New Year's greetings via video signals and phone calls from Beijing Thursday to members who have been performing scientific expedition missions in oceans and polar regions.He also emphasized the importance of integrating domestic development and opening-up, serving the nation and benefiting mankind."Human activities have been spreading at an even faster speed from land to seas and oceans, polar regions, outer space. More and more people have got to know the important effects of the Antarctic, the Arctic and oceans on the global environment and development, "said Li,"a growing number of countries are eyeing the economic and scientific resources hidden there." Chinese Vice Premier Li Keqiang (2nd R) salutes to members of Chinese exploration teams at the Antarctica, the Arctic and on the ocean through video telephone at the State Oceanic Administration in Beijing, China, Feb. 11, 2010Li called on scientific expeditionists and maritime workers to continue to carry forward fine traditions and make greater efforts in furthering scientific expedition and research capabilities. He also emphasized the importance of fostering a professional team to advance the expedition activities to the polar regions and oceans. Chinese Vice Premiers Li Keqiang (front C) visits the State Oceanic Administration in Beijing, China, Feb. 11, 2010.China has set up three stations in the Antarctica and an Arctic station known as "Huanghe". China's 26th Antarctic expedition team began its journey Oct. 11 from Shanghai, with participation of 251 scientists, workers and crew members. The expedition will end April 10.

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BEIJING, March 15 (Xinhua) -- A leader of the Communist Party of China (CPC) Monday voiced his hope to boost exchanges between supervisory departments of China and Poland during a meeting with a delegation from the Supreme Camber of Control of Poland."The Chinese government attaches importance to international cooperation on fighting corruption, and is willing to make joint efforts with other countries in the field, " said He Guoqiang, a member of the Standing Committee of the CPC Central Committee Political Bureau.He, also secretary of the CPC Central Commission for Discipline Inspection (CCDI), said China would uproot corruption and take measures to prevent its occurrence to maintain healthy social development.He Guoqiang (R), a member of the Standing Committee of the the Communist Party of China (CPC) Central Committee Political Bureau and also secretary of the CPC Central Commission for Discipline Inspection (CCDI), shakes hands with Jacek Jezierski, president of the Supreme Chamber of Control of Poland, in Beijing, capital of China, March 15, 2010.He told the Polish delegation, led by Jacek Jezierski, president of the Supreme Chamber of Control, that the Chinese government had set the economic growth target as 8 percent this year during the just-concluded session of the National People's Congress.China would speed up the transformation of the economic development model and optimize the economic structure to achieve quality of growth, he said.

BEIJING, March 11 (Xinhua) -- The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.The BOC, China's third largest bank by market value, in January declared it would sell no more than 40 billion yuan (5.86 billion U.S. dollars) of bonds convertible to A shares to improve capital adequacy.The BOC currently had no acquisition plans in China or overseas, Xiao said.The biggest credit risks lied in the local governments' financing units and the BOC was tightening loans to these units, he said.

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SHANGHAI, Jan. 22 (Xinhua) -- Visiting Austrian President Heinz Fischer here on Friday expressed his confidence in the success of the Shanghai World Expo and expectation for further economic and trade cooperation between his country and China.The Expo would have profound influences on the social, economic and culture development of the host city Shanghai, Fischer said in a meeting with Shanghai Mayor Han Zheng.Austria hosted the 1873 World Expo.Fischer said Austria would actively participate in the Expo and Austrian Federal Chancellor Werner Faymann was expected to attend the opening ceremony.Despite the financial crisis, China was the only market of Austria that saw an increase in export volume in 2009, said Fischer.He called for further cooperation in such areas as economy, culture, science and sports.Austria's statistics showed that the trade volume of its export to China recorded a year-on-year increase of 5 percent in 2009, while China's customs said China-Austria trade hit 4.33 billion U.S. dollars from January to November last year.China has now become Austria's largest trading partner in Asia, and second largest outside the Europe and the fourth largest exporters to Austria in the world.Fischer arrived in Shanghai Thursday, or the 100-day countdown to the opening of the Expo. He concluded his China visit and left for Austria on Friday afternoon.

BEIJING, Feb. 17 (Xinhua) -- Even as some Chinese women claim discrimination at the workplace, a government blue paper says education has been important in narrowing the income gap between men and women.The blue paper, "China's educational development report 2009," released by the Social Sciences Academic Press at the Chinese Academy of Social Sciences, a major government think tank, says women who have received higher education suffer less gender discrimination at work."With the advancement of women's education level, the income gap between men and women has gradually narrowed," the blue paper said.According to 2005 government figures, the ratio of average income between women and men with junior high school diploma was 68 percent; 78 percent for senior high school diploma; 80 percent for junior college certificates; and 83 percent for college education.The paper said gender discrimination in employment is increasingly obvious in China, with even the employment prospects for female college graduates serious, let alone women without college education.The paper said society, employers, schools and women themselves should make efforts to change gender inequality in employment.China has broadened educational opportunities by popularizing higher education and granting all children equal and free, nine-year compulsory education.

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BEIJING, March 5 (Xinhua) -- China's Ministry of Commerce spokesman Yao Jian said Friday the U.S. decision to impose preliminary duties on Chinese potassium phosphate salts and coated paper was unfair and discriminatory.Yao said "frequent" countervailing probes by the U.S. into Chinese products have "unfairly restricted normal exports," adding the fresh anti-dumping measures came only two years after the U.S. ruled China's coated paper exports did not harm the domestic industry in November 2007.The two products will face 109 percent and up to 13 percent duties, respectively, according to a U.S. Commerce Department statement Tuesday.Yao said the fundamental reason behind the difficulties in the U.S. coated paper industry was due to weak demand caused by the financial crisis. He said passing the problem on to Chinese manufacturers was unacceptable.He said China firmly opposes abuse of trade protectionist measures by the U.S. and would negotiate with the U.S. over the unfair move to protect the interests of Chinese companies.

PYONGYANG, March 16 (Xinhua) -- Democratic People's Republic of Korea (DPRK) Premier Kim Yong Il met China's new ambassador, Liu Hongcai, here Tuesday.During the meeting which was also attended by Vice-Premier Ro Tu Chol at the Mansudae Assembly Hall, the DPRK officials said they highly appreciated the relationship between the DPRK and China.Kim warmly welcomed Liu, saying the DPRK and China held a series of activities last year to mark the two countries' year of friendship and the bilateral relationship had witnessed constant achievements in areas of politics, economy and culture, especially in the commercial sector, from the beginning of this year.Kim expressed thanks for the support of the Chinese party, government and people to the DPRK on socialistic construction, saying the DPRK people would never forget it and it was the unswerving stand of the DPRK's party and government to continue consolidating and developing the DPRK-China friendship.Liu said the activities held by China and the DPRK last year to mark the friendship served as a good opportunity for young people in the two countries to exchange views and develop friendship.He said he would make efforts to boost relations between the two countries and expand areas of mutually beneficial cooperation.Liu, who arrived in Pyongyang on March 5, presented his credentials on March 8 to Kim Yong Nam, president of the Presidium of the DPRK Supreme People's Assembly.