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URUMQI, March 2 (Xinhua) -- Senior Chinese leader Zhou Yongkang has revealed that the government is preparing measures to boost the economic and social development of the northwestern Xinjiang Uygur Autonomous Region.Zhou, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a four-day inspection to the region that ended on Sunday.Zhou mingled with local cadres, teachers and residents when visiting Kashi Prefecture, Urumqi, the regional capital, and Shihezi City. He stressed the issues of housing, education and employment should be appropriately resolved to ensure social harmony. Zhou Yongkang (R Front), a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, chats with residents in Kashi, northwest China's Xinjiang Uygur Autonomous Region, Feb. 25, 2010. Zhou made an inspection tour in Xinjiang on Feb. 25-28.He told two separate symposiums in Kashi and Urumqi that the CPC Central Committee would hold a meeting in the first half of this year, at which major decisions would be made to boost Xinjiang's development and enhance its stability.Zhou said development should benefit people of all ethnic groups in the region.

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.

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BEIJING, March 3 (Xinhua) -- Lawmakers from ethnic minorities in northwestern China's Qinghai Province on Wednesday urged for more favorable policies for the minority groups with small population, or the groups each with a population of less than 100,000."I hope the country will provide more support for industries with ethnic features in the the formulation of the 12th Five-Year Plan (2011-2015)," said Han Yongdong, who is also head of Qinghai's Xunhua Salar Autonomous County government."We also need more support for education and employment. Those policies would help the small ethnic groups cultivate an independent 'blood-making' capability to sustain their own development," said Han from Salar, one of China's 22 ethnic groups with small population.Compared with the country's booming coastal regions, regions where ethnic groups with small population live, mostly in central and western inland regions, remain relatively backward.To accelerate the development of the regions where ethnic groups with small population live, China's State Council passed in 2005 a guideline, promising to build roads, schools and basic medical institutions, and provide them with access to electricity, TV and phone service, and drinking water, in addition to sufficient farms and pastures to live on.According to statistics from the State Ethnic Affairs Commission, China had invested more than 2.5 billion yuan (about 368 million U.S. dollars) in 8,065 projects aimed to support small ethnic groups between 2005 and November 2009.But for Qiao Zhengxiao, another deputy to the NPC and Party chief of the Qinghai University, the aid to ethnic minority groups was still not enough."The central government mainly focused on Tibet and other regions of ethnic groups with relatively larger population last year and this year," said Qiao, from the Tu ethnic group."I hope the government will attach more importance to ethnic groups with smaller population in the future," he said.He suggested ethnic minority groups each with population less than 300,000 be covered by the favorable polices passed in 2005.Meanwhile, Han Yongdong also suggested that museums and research projects should be set up to protect the small ethnic groups' culture."My own kid cannot speak the Salar language. It would be too late if we don't start soon," he said.

BEIJING, Feb. 9 (Xinhua) -- Chinese Premier Wen Jiabao Tuesday invited more talented foreigners to work in China, saying the country will improve services for them. Wen made the remarks at a meeting with more than 20 representatives of foreign experts, who have helped in China's social progress.Wen said China pays equal attention to attracting both investment and talented personnel, while utilizing science and technology to achieve sustainable development. Chinese Premier Wen Jiabao (L) shakes hands with a foreign expert at a meeting with more than 20 representatives of foreign experts, who have helped in China's social progress, in Beijing, capital of China, Feb. 9, 2010This calls for an active flow of talented foreigners to China to help with the nation's modernization drive, the premier said.He urged related organs to improve policy and service level for all the foreign experts coming to work in China. Chinese Premier Wen Jiabao (R) meets with more than 20 representatives of foreign experts, who have helped in China's social progress, in Beijing, capital of China, Feb. 9, 2010Isabel Crook, a 95-year-old Canadian expert in English teaching, gave her views on the key role that can be played by strong, vibrant rural communities.She suggested the government reevaluate the current practice of closing primary schools in small villages and concentrating them in larger villages.Other representatives of talented foreigners working in China, including Daniel Jospeh Dudek, a U.S. expert in environmental protection area, and Jean Dorey, a French expert in the education sector, offered suggestions to the Chinese government for tackling environmental challenges and boosting cooperation in the education sector.Wen listened attentively to their remarks and exchanged views.Wen also extended festival greetings to all foreign experts and international friends working in China, as well as to their families. He expressed gratitude for their contributions to China's development.

BEIJING, Jan. 15 (Xinhua) -- China will soon clarify the rules and regulations on qualified foreign institutional investors (QFIIs) trading stock index futures in China, the China Daily reported Friday.     "The regulator will work on the policies and regulations on securities companies, mutual funds and QFIIs ... in order to guarantee the smooth launch of index futures," the newspaper quoted Shang Fulin, chairman of China Securities Regulatory Commission (CSRC) as saying at a national conference on securities and futures supervision that ended Thursday.     CSRC will also enhance supervision on securities firms that provide brokerage services for index futures trading and improve the country's cross-market supervision regime, the newspaper quoted Shang as saying.     Foreign institutions may be allowed to trade index futures using a portion of their QFII quota, but details on trading requirements are still unknown, said the newspaper.     At the conference Shang also said that the regulator would introduce margin trading and short selling pilot programs at the appropriate time, according to the newspaper.

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CAIRO, March 25 (Xinhua) -- Senior Chinese legislator Wang Zhaoguo, who is on a four-day visit to Egypt, met here Thursday with Egyptian Prime Minister Ahmed Nazif, discussing ways to strengthen strategic cooperation between the two countries.Wang, vice-chairman of the Standing Committee of the National People's Congress (NPC), China's top legislative body, led an NPC delegation to Egypt for an official goodwill visit starting from Tuesday afternoon.Wang said Egypt and China are important developing countries and the two peoples will benefit from the progress of bilateral ties."We should boost our cooperation in agriculture, culture, education, science and technology, health care and tourism in the coming years," Wang said.For his part, Nazif said Egypt has witnessed China's huge achievements through reforms and opening up and China plays an important role in world affairs."Egypt attaches great importance to the strategic cooperation with China and I hope our cooperation in various fields will bear more fruit in the future," Nazif said.Wang, who is also a member of the Political Bureau of the Central Committee of the Communist Party of China, hailed the strategic friendship between China and Egypt, noting that bilateral relationship has been developing faster in recent years under the auspices of both heads of state."The China-Egypt friendship is a good example for developing countries and South-South cooperation," Wang said.China and Egypt established strategic cooperation partnership in 2009. Bila

MUNICh, Germany, Feb. 5 (Xinhua) -- Speaking highly of the deepening China-Europe relations over the past decades, Chinese Foreign Minister Yang Jiechi on Friday told the Munich Security Conference that a brighter future of bilateral ties calls on both sides to embrace an open and inclusive spirit.With this year marking the 35th anniversary of diplomatic relations between China and the European Union, the Chinese top diplomat said China and the EU have established "a comprehensive strategic partnership that is all-dimensional, wide-ranging and multi-tiered" and the changing world "has brought China-EU relations to a new historical starting point.""To achieve a brighter future (of China-EU relations), we must manage our relations from a strategic and long-term perspective," Yang said. "We must respect each other, treat each other as equals, and accommodate each other's core interests and major concerns."He also expressed the hope that Europe will see China "in a more objective and sensible light" and recognize that China's development is not a challenge but an opportunity."We do not expect China and Europe to see eye to eye on each and every issue, and we need not be afraid of our differences," he added."As long as we both embrace an open and inclusive spirit, we will have more consensus than differences and more mutual benefits than frictions, and cooperation will be the defining theme of China-EU relations," Yang said.As to the host country of the security conference, Yang said " China-Germany ties have maintained dynamic growth.""In the face of the complex international situation and various grave challenges, China and Germany must bear in mind the larger and long-term interests and further enhance mutual trust and cooperation," he said, adding that China is ready to join Germany "in a common effort to elevate our partnership of global responsibility to a higher level."It was the first appearance of a Chinese foreign minister in the Munich Security Conference's 46-year history.

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SHANGHAI, Jan. 27 (Xinhua) -- The government must mobilize the public to safeguard security, which is the priority of the Shanghai World Expo, the top Shanghai official said Wednesday.The measures to ensure a secure Expo need understanding and support from the public, said Yu Zhengsheng, secretary of the Communist Party of China Shanghai Municipal Committee. "We can minimize the elements of potential dangers only if we trust, rely on and mobilize the grassroot organizations and the public."Yu made the remarks at the ongoing annual session of the municipal advisory body.The measures in safeguarding security and smooth traffic would interrupt the citizens's daily life. The government should seek public opinions and understanding to hold a successful Expo, he said."We should call for citizens to carry as few bags as possible or even no bags when traveling by subway so as to reduce the pressure on security checks," he said.The 2010 World Expo will be held from May 1 to Oct. 31 in Shanghai, expected to attract an record total of 70 million visitors.

SHANGHAI, Feb. 15 (Xinhua)-- The luxury ocean liner Queen Mary 2 arrived at the Port of Shanghai Monday afternoon, making its first port call in China since its maiden voyage in 2004.The world's reputed cruise carrying about 2,500 passengers and 1,200 crew arrived at the port at 1:30 p.m., and would stay for about 10 hours before leaving for Nagasaki, Japan.Queen Mary 2 was the largest luxury liner which ever made calls at the Port of Shanghai, marking the beginning of a peak of cruise arrivals at the host city of the 2010 World Expo.Shanghai immigration officers had flown to Hong Kong, the previous destination of the cruise, to ensure that all passengers on board could go through necessary customs procedures earlier."So visitors on the ship would have enough time to have a peek of Chinese Lunar New Year's celebration in Shanghai," an immigration official said.Queen Mary 2 is one of the world's largest, longest and most expensive luxury liners, which cost two years and one billion U.S. dollars to build.The ship is 345 meters long, 72 meters high, and 41 meters wide with a cruise speed of 30 knotsThe cruise is owned by the cruise line conglomerate Carnival Corporation.