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ATHENS, Feb. 14 (Xinhua) -- The central Kotzia square, just opposite to the grandiose Athens City Hall, was turned into a small "Chinese corner" on Sunday, as the Chinese community in Greece, joined by thousands of Greeks, celebrated the Chinese Lunar New Year with a magnificent and colorful event.For the first time in Greece, Chinese expatriates hosted an open party to celebrate the Spring Festival, which this year coincided with Valentine's Day and the end of carnival in Greece, their "second mother country" as they described.Greek kung fu students perform lion dance during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010"Spring and Harmony -- One Family, One Love" was the main title of the festivities that brought together thousands of Chinese who work hard and live peacefully in Athens for years and enthusiastic Greeks who wished their new friends "Kali Hronia," which means " Happy New Year" in Greek.Under red lanterns and drawings of Chinese zodiac signs hanging high, Greeks and Chinese enjoyed together a four-hour event which included performances of Greek and Chinese folk music and dances, Tai Ji and Kong Fu presentations, as well as recitation of poems on Spring, friendship and love.Representatives of the Chinese community in Greece present to Mayor of the City of Athens Nikitas Kaklamanis an honorary banner for his hospitality during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010"I thank Greeks for their warm hospitality and I wish Athens and Greece, the birthplace of western civilization, every success and progress in this New Year," said the Chinese ambassador to Greece, Luo Linquan, while addressing the gathering."I wish 2010 will bring hope, love and development to both people," Mayor of the City of Athens Nikitas Kaklamanis said in his address, stressing that friendship and cooperation between Greece and China, two cradles of civilizations in the eastern and western world, flourishes through centuries in the benefit of all.The mayor and the ambassador exchanged wishes in Greek and Chinese and kicked off the event by drawing the eyes of the "lions " of the International Shaolin Kong Fu Federation School of Thessaloniki, who performed the traditional lion dance, spreading joy, and hopefully good luck and happiness to the audience.Greek kung fu students give a performance during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010.The aim of the whole event was after all, as Xu Weichun, president of the Trade and Commerce Chamber of Chinese in Greece, explained, that Chinese living in Greece will have an opportunity to share with their Greek friends the joy of the coming of spring and new year and express to Greek society a deep gratitude for a warm welcome to Chinese.Many Athenians attending the party were amazed at the expression of love by the Chinese people toward Greece and Greek civilization."Our Chinese friends are full of pleasant surprises. Never in my life would I thought that in the center of Athens I could see Chinese ladies sing Greek folk songs and perform folk dances with such passion," Maria Evangelou, a Greek elementary school teacher, told Xinhua.Businessman Giorgos Konstantinopoulos, a few steps further, was deeply touched by the Chinese community's initiative to donate all the money raised through a lottery to a local center for homeless people. "It is so funny to realize that Chinese people are so similar to Greeks. Full of life and caring, they support fellow citizens in need," he said.Young Tina and Gianna, high school students from Piraeus port, were so excited with the Chinese sounds, food and philosophy they encountered for the first time this Sunday noon, that they are thinking about attending the Business Confucius Institute in Athens to learn more about the language and the culture of China.Nine year old Andreas, who was dressed as a pirate for the carnival, felt sorry he didn't wear a tiger costume. "I heard today that Chinese celebrate the year of the tiger in 2010 and that tiger is the symbol of strength. Much better than a pirate! Maybe next year. Kali Hronia!"

BEIJING, March 3 (Xinhua) -- The Third Session of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, opened in the Great Hall of the People in Beijing Wednesday.More than 2,000 CPPCC National Committee members, from across the country, will discuss major issues concerning the nation's development during the annual meeting scheduled to conclude on March 13.Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), delivers a report on the work of the CPPCC National Committee's Standing Committee over the past year at the Great Hall of the People in Beijing, capital of China, March 3, 2010. The Third Session of the 11th CPPCC National Committee opened on Wednesday afternoon.After the session started at 3 p.m., CPPCC National Committee Chairman Jia Qinglin delivered a report on the work of the CPPCC National Committee's Standing Committee over the past year."The CPPCC (last year)...made important contributions to effectively responding to the impact of the global financial crisis, pushing forward the process of building a moderately prosperous society in all respects, and promoting the great cause of peaceful reunification of the motherland," Jia said."The CPPCC's cause entered a period of unity, harmony, pragmatic progress and vigorous development," he said.Top Communist Party of China (CPC) and state leaders Hu Jintao, Wu Bangguo, Wen Jiabao, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang were present at the opening meeting.Founded in 1949, the CPPCC consists of elite members of the Chinese society who are willing to serve the think tank for the government and for the country's legislative and judicial organs.

BEIJING, Jan. 13 (Xinhua) -- Top Chinese legislator Wu Bangguo on Wednesday said China and the United States should respect each other's core interests and properly handle sensitive affairs in a bid to preserve the sound development of bilateral ties.     China and the United States should handle bilateral ties from a strategic and long-term point of view, said Wu, chairman of the Standing Committee of the National People's Congress (NPC), in a meeting with a U.S. senate delegation.     Wu hailed the sound development of China-U.S. relations in 2009,saying it indicated a smooth transition from the Bush administration to the Obama's and the relationship between the countries was progressing well.     He labeled the China-U.S. relationship as "one of the world's most important" during the half-hour meeting in the Great Hall of the People in downtown Beijing.     Wu pledged to further the exchanges between the two country's parliaments in a bid to promote strategic mutual trust, mutually beneficial cooperation and friendship between the two peoples.     The delegation, headed by Senator Patty Murray, was in Beijing for a meeting under a regular exchange mechanism between the two parliaments, in which the two sides discussed such topics as bilateral ties, parliamentary exchanges and climate change.     The U.S. senators highlighted the importance of relations with China, promised to enhance communication and dialogue with the NPC so as to promote mutual understanding.

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BEIJING, Jan. 18 (Xinhua) -- The quality of China's agricultural produce including vegetables, domestic animals and aquatics was improved in 2009, the Ministry of Agriculture said Monday.The ministry released an annual report based on monitoring results of agricultural products, saying 96.4 percent of vegetables had met safety standards in 2009, up 0.1 percentage points year on year.The rate was 99.5 percent for domestic animals, up 0.8 percentage points, and 97.2 percent for aquatic products, up 1.5 percentage points.The monitoring of fruits, mushrooms and tea, for the first time in 2009, found 98 percent, 95.2 percent, and 94.8 percent of products in the three categories met standards.In 2009, the inspections became more detailed, covered more categories, and were carried out in 259 large and medium-sized cities, compared with only 36 major cities previously, the ministry said.The ministry said it would step up the control over the use of prohibited pesticides and veterinary drugs in 2010 in order to further improve the quality and safety of agricultural produce.

BEIJING, Jan. 17 (Xinhua) -- The United States needs to face up to its own imbalances rather than engage in more China bashing over trade, said world-renowned economist Stephen Roach.     "The West, especially the United States, needs to take a long hard look in the mirror and face up to its own imbalances. Hypocrisy is not a recipe for global statesmanship," wrote Roach in Singapore's leading financial daily Business Times this week.     As U.S. congress and the White House look toward the mid-term elections of 2010, Washington could well up the ante on China bashing -- moving from a rhetorical assault to widespread trade sanctions, predicted Roach, chairman of Morgan Stanley Asia.     He noted that the United States has already imposed trade sanctions on Chinese exports of tyres, coated paper product and steel piping and grating in recent month.     Roach argued that the expected salvo from Washington was apparently built on hypocrisy as the United States itself should also be held accountable for the global economic imbalances.     Meaningful progress on global rebalancing could not occur without progress by both China and the United States and that China has a more optimistic prospect of achieving rebalancing, he said.     "There is good reason to believe that China ... is about to take dramatic steps in rebalancing its domestic economy in a fashion that would provide a sustained and meaningful reduction in its current account surplus."     China viewed the recent crisis and recession as an unmistakable wake-up call, which left the country with little choice other than to shift the sources of its GDP growth from external to internal markets, he said.     However, it was hard to be sanguine about the outlook for America's saving and current account imbalance.     "The United States, with its massive shortfall in domestic saving, has come to rely heavily on surplus saving from abroad to fund economic growth. And it must run massive current account deficits in order to attract that capital," he said.     All nations need to be accountable for the role they need to play in driving a long overdue global rebalancing, said Roach. "It would be the height of folly to try and force China into a counter-productive approach, especially since it appears to be taking its own rebalancing agenda very seriously."

BEIJING, Feb. 19 (Xinhua) -- U.S. political rhetoric has recently been obsessed with the exchange rate of the renminbi. President Barack Obama has indicated on several occasions that he would take a tougher stance on this issue in order to address trade imbalances between his country and China.But does the renminbi hold the key to this issue? What are the backstage calculations behind those demands from Washington?RENMINBI A WRONG TARGETWhile addressing Democratic senators early this month, Obama said the issue of renminbi exchange rate must be addressed to ensure that American products will not be put into a huge competitive disadvantage given the fact that China is going to be one of America's biggest markets.In an interview with Businessweek on Feb. 10, Obama said he and Chinese leaders are going to have some "very serious negotiations" on the renminbi issue.Supporters of Obama include economists such as Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics. Those experts say China's huge trade surplus is a result of an undervalued renminbi. Appreciation of the Chinese currency, in their view, would re-balance China's international trade.However, the validity of such argument is questionable.The Japanese yen, for example, has been appreciated enormously against the U.S. dollar over the past 40 years. Yet Japan's trade surplus with the United States has been continuously on the increase over the same period.The case with the Japanese yen has clearly demonstrated that international payment is not necessarily entirely linked to currency exchange rates. International trade balance is rather determined by international division of labor and product competitiveness.Stephen King, chief economist of the HSBC bank, said it is unreasonable to simply attribute China's big trade surplus to an undervalued currency. China's high savings rate is a more important factor in this respect, he told Xinhua.Nobel Prize laureate Andrew Michael Spence shared King's argument."Reducing the surplus in China involves deep structural change, much as reducing the U.S. deficits does. China's high savings are embedded in the structure of the economy," Spence wrote in Jan. 21's Financial Times.Without structural change, an appreciation of the renminbi might well lead to continued high savings and slow economic growth in China, rather than to a reduction of China's trade surplus, he wrote.International Monetary Fund (IMF) chief economist Olivier Blanchard believes that renminbi appreciation is not a solution for the U.S. economy.According to an IMF model, the American GDP will grow by 1 percent when the renminbi appreciates by 20 percent and other major Asian currencies also appreciate by a similar margin, he told Xinhua."This would be good news for U.S. growth. But this is clearly not enough, by itself to sustain growth in the United States," said Blanchard.World Bank chief economist and Vice President Justin Yifu Lin also said that the appreciation of the renminbi will not solve the problem of trade imbalance between China and the United States. On the contrary, such a move might damage both economies.CHINA BASHING NOT HELPFULObama has frequently attacked China over the renminbi issue in recent months. His motives are thought-provoking.In an article titled "Obama bashes China in order to win midterm elections," Japanese weekly Choice pointed out that after one year in office, the U.S. president now faces a sharp drop in approval ratings, a double-digit unemployment ratio and the loss of Democratic "supermajority" in the Senate.Trying to win the midterm elections under such circumstances, Obama had moved toward a "China-bashing" policy since the end of last year, including imposing high tariffs on Chinese products and pressuring China on renminbi exchange rate.But the truth is China has become the largest victim of U.S. trade protectionism since the outbreak of the global financial crisis.According to statistics released by the United States International Trade Commission, there were roughly 50 trade remedy cases filed by the United States between January and November 2009, half of which targeted China.At the end of last year, Chinese Premier Wen Jiabao said in an exclusive interview with Xinhua that some foreign countries kept asking China to appreciate its currency while using various protectionist measures against China. Their real motive was to contain China's growth, he said.Wen reiterated that China will never yield to external pressures on the exchange rate issue.In essence, a country's exchange rate policy is a matter of sovereignty.During a meeting with a visiting delegation of U.S. Chamber of Commerce in May 2005, Wen made it clear that the reform of renminbi's exchange rate was a sovereign right of China, and that every country had the right to choose a foreign exchange system compatible to its own national conditions and a reasonable exchange rate level.Wen said China would obey the rules of a market economy, but would never give in under foreign pressure.Any foreign pressure or attempt to manipulate the issue via news media represented a politicization of economic issues, which was unhelpful, the premier added.George Gilder, founder of Discovery Institute, said that it is neither realistic nor helpful for the United States to raise the renminbi exchange rate issue again with China.Pieter Bottelier, former chief of the World Bank's Resident Mission in China, told Xinhua that China and the United States share broad common interests.A prosperous, stable and strong China is in the interests of the United States and vice versa, said Bottelier. The two nations need to settle their differences through various dialogue mechanisms, he added.In recent years, China has been making efforts to balance international. The renminbi has been steadily appreciated against the U.S. dollar and the euro.Between July 2005, when China began its renminbi exchange rate reform, and the end of 2009, the value of the renminbi has appreciated by 21.21 percent against the U.S. dollar and up by 2.21 percent against the euro.Under such circumstances, China has been the fastest growing export market for the United States in recent years.In 2009, U.S. exports to China amounted to 77.4 billion dollars, accounting for an increasingly larger share in the country's total exports.During the same period, U.S. trade deficits with China dropped by 16 percent year-on-year.In the Asian financial crisis of late 1990s, China won worldwide applause for keeping a stable exchange rate of the renminbi.In the ongoing global financial crisis, while the world's major currencies all lost value, China has remained committed to a responsible renminbi exchange rate policy and has made significant contributions to the recovery of the global economy.Many experts familiar to China-U.S. trade pointed out that in order to achieve trade balance, the United States should take positive and concrete steps, such as increasing hi-tech exports to China and allowing Chinese firms to acquire shares in U.S. financial and technology sectors.

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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.

BEIJING, Feb. 4 (Xinhua) -- Centralized procurement by the Chinese government has helped save close to 2 billion yuan (about 290 million U.S. dollars) in 2009, an official said here Thursday.The Chinese government spent more than 14.7 billion yuan in government procurement last year, Chen Jianming, director with the government procurement center said during a work conference held in Beijing.The figure was 1.8 billion yuan more than in 2008, he said.Chen noted that Chinese government departments had made "remarkable" progress in reducing their expenditures in 2009.For instance, the amount of money spent on purchasing vehicles by the government departments in 2009 dropped by 35 percent year on year, he said.They also spent two percent less in government procurement for work conferences compared with the year before, he said.Chen said the government purchases will continue to focus on energy-efficient, environment-friendly, as well as innovative and domestic products in 2010.The procurement center would stick to the policies of protecting information security and supporting small and medium-sized companies when making purchases, in order to push forward the development of the country's industries and the readjustment of its economic structure, Chen said.

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BEIJING, March 10 (Xinhua) -- The Chinese government will adopt stricter measures to boost energy conservation this year to meet the goal set by an important five-year plan, Xie Zhenhua, vice minister of the National Development and Reform Commission, said Wednesday."It's the last and decisive year for us to realize the goals set by our country's 11th Five-Year Plan," Xie said at a press conference on the sidelines of the annual session of the National People's Congress, China's top legislature."The current energy conservation situation lags far behind the goal set in our plan and our task is still formidable," said Xie, one of China's leading negotiators for climate change talks.Under the 11th Five-Year Plan ending this year, China pledged to cut energy consumption per unit of gross domestic product (GDP) by 20 percent, or four percent each year, but consumption fell by a margin much smaller than the set target during the past four years.The per unit GDP energy consumption fell only 14.38 percent from the 2005 level.Xie said the Chinese government will enact a series of measures this year to boost energy conservation, including the introduction of an accountability mechanism for provincial governments and tight control of projects of high energy consumption and high pollution.China announced in November it aimed to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with 2005 levels.

BEIJING, March 24 (Xinhua)-- China's Ministry of Finance (MOF) announced Wednesday it would issue a batch of ten-year book-entry treasury bonds with a total par value of 26 billion yuan (3.8 billion U.S. dollars) starting on Thursday.The batch is the 7th of its kind the MOF has issued this year. The issue of this batch of T-bonds ends on March 29, according to a statement on the MOF's official website.The bonds would be traded on the interbank bond market and securities bond market from March 31.The bonds have a fixed annual interest rate of 3.36 percent, with the interests to be paid every half year, on March 25 and Sept. 25, respectively, according to the statement.The last interest payments and principals would be paid back together on March 25, 2020, statement said.　 Book-entry bonds are the bonds recorded in the investors' securities accounts called book entries. They can be traded on the open market, and their market prices can deviate from par value.