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Statistics also showed that China reduced its holdings of US treasury bonds by $4 billion in December, and the total reduction in 2010 amounted to $3.2 billion. However, China still remained the US's biggest debt holder, the report said.As a major overseas holder of Fannie Mae and Freddie Mac's bonds, people are worried that China would face huge risks after the US government announced plans to phase out the two housing mortgage giants on Feb 11.According to calculations by CBN, China continuously reduced its holdings of long-term US agency bonds between July 2008 and December 2010. The total amount of net selling hit $82.9 billion – an average of $2.76 billion every month.The officer's suspicion was aroused as the aisle of the bus was crammed with bags. "Luggage should be placed in the trunk below the carriage under normal circumstances," said the police officer. A total of 44 people were discovered on the coach and seven others were found sitting in the dark trunk among messy luggage, which stunned the police.According to the driver surnamed Yao, the bus was not overloaded when departing from Southwest China's Chongqing municipality. He was stopped by hitchhikers several times during the journey and let whoever needed in, saying, "the more passengers, the more profit".Police seized the bus and transferred the passengers to other vehicles. Yao received 12 penalty points on his driving license.

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Britain hopes to achieve a "closest possible partnership" with China, as the European country wishes to work with emerging powers to jointly tackle global challenges.Andrew Mitchell, British Secretary of State for International Development and a Member of the Parliament, said here on Tuesday emerging powers now play an "indispensable role" in global issues like trade, finance, climate change, etc, as the "development community has changed".He singled out fighting poverty as an area in which Britain and emerging powers could work together more closely."Historically the global debate on poverty was dominated by the rich OECD donors. Today, it's an issue often championed by emerging powers," Mitchell said in a speech to the Royal Institute of International Affairs."Take China (for example). According to the Financial Times, China's development bank and its export-import bank committed more loans to developing countries over the last two years than the World Bank."China Development Bank and China Export-Import Bank signed loans of at least $110 billion to other developing country governments and companies in 2009 and 2010, according to FT research. The equivalent arms of the World Bank made loan commitments of $100.3 billion from mid-2008 to mid-2010, itself a record amount of lending in response to the financial crisis.His remarks came a week after the British government published a trade and investment white paper, in which further engaging emerging powers is considered part of Britain's government strategy.Mitchell said Britain hopes to form "new partnership" or "new alliances", "formal and informal", with emerging powers to help other developing countries."If the first dimension of our changing relationship is about working with the emerging powers to tackle their own poverty, the next is to work with them to reduce the poverty in other developing countries," he said. "Chinese investors, Brazilian social entrepreneurs, and Indian bloggers now rival Oxfam in setting the development agenda."On China, Mitchell said the richer world has been "one of the main beneficiaries of China's success" over the past 25 year. But after several years of dramatic progress, he suggests both countries "must now focus" their efforts elsewhere."I think the partnership between China and the UK on development issues and as on many other issues as well should be as close as it can be," Mitchell said.He also said he is looking forward to going to Beijing to discuss on how to deepen that partnership again this summer.