SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   -----------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                               (Amendment No. 3)/1/

                               The China Fund Inc.
        ----------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
        ----------------------------------------------------------------
                         (Title of Class of Securities)

                                    169373107
        ----------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2001
        ----------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

        [X]  Rule 13d-1(b)
        [_]  Rule 13d-1(c)
        [_]  Rule 13d-1(d)



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         /1/The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

         The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).






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 CUSIP No. 169373107             13G                         Page 2 of 4 Pages
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1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                  President and Fellows of Harvard College
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                                                               (a)   [_]
2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                               (b)   [_]
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3.       SEC USE ONLY

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4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                  Massachusetts
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                                5.     SOLE VOTING POWER
                                                1,488,101 shares
            NUMBER OF           ------------------------------------------------
             SHARES             6.     SHARED VOTING POWER
          BENEFICIALLY                          ----
            OWNED BY            ------------------------------------------------
              EACH              7.     SOLE DISPOSITIVE POWER
            REPORTING                           1,488,101 shares
             PERSON             ------------------------------------------------
              WITH              8.     SHARED DISPOSITIVE POWER
                                                ----
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9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           1,488,101 shares

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10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES       [_]
         CERTAIN SHARES*
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11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                     14.7%

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12.      TYPE OF REPORTING PERSON*
                     EP

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                      *SEE INSTRUCTIONS BEFORE FILLING OUT!






                                  SCHEDULE 13G

Item 1(a)         Name of Issuer:
                         The China Fund Inc.

         1(b)     Address of Issuer's Principal Executive Offices:
                         c/o State Street Bank
                         P.O. Box 9110
                         North Quincy, MA  02171

Item 2(a)         Name of Person Filing:
                         President and Fellows of Harvard College

         2(b)     Address of Principal Business Office or, if none, Residence:
                         c/o Harvard Management Company, Inc.
                         600 Atlantic Avenue
                         Boston, MA  02210

         2(c)     Citizenship:
                         Massachusetts

         2(d)     Title of Class of Securities:
                         Common Stock

         2(e)     CUSIP Number:
                         169373107

Item 3         The reporting person is an employee benefit plan or endowment
               fund in accordance with Rule 13d-1(b)(1)(ii)(F).

Item 4         Ownership:

         4(a)     Amount beneficially owned:
                         1,488,101 shares

         4(b)     Percent of Class:
                         14.7%

         4(c)     Number of shares as to which such person has:

               (i)sole power to vote or to direct the vote:
                         1,488,101 shares

               (ii)  shared power to vote or to direct the vote:
                         ---------


                               Page 4 of 4 Pages



               (iii)  sole power to dispose or to direct the disposition of:
                         1,488,101 shares

               (iv)  shared power to dispose or to direct the disposition of:
                         --------

Item 5            Ownership of Five Percent or Less of a Class:
                         Not Applicable.

Item 6            Ownership of More than Five Percent on Behalf of Another
                  Person:
                         Not Applicable.

Item 7            Identification and Classification of the Subsidiary which
                  Acquired the Security Being Reported on by the Parent
                  Holding Company:
                         Not Applicable.

Item 8            Identification and Classification of Members of the Group:
                         Not Applicable.

Item 9            Notice of Dissolution of Group:
                         Not Applicable.

Item 10           Certification:

                  By signing below the undersigned certifies that, to the best
                  of its knowledge and belief, the securities referred to above
                  were acquired and are held in the ordinary course of business
                  and were not acquired and are not held for the purpose of or
                  with the effect of changing or influencing the control of the
                  issuer of the securities and were not acquired and are not
                  held in connection with or as a participant in any transaction
                  having that purpose or effect.

After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.


                                        PRESIDENT AND FELLOWS OF HARVARD COLLEGE


                                        By: /S/ Michael S. Pradko
                                           -------------------------------------
                                           Name: Michael S. Pradko
                                           Title: Authorized Signatory

February 14, 2002

                                Page 4 of 4 Pages