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. 5)/1/


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


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


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

                                January 31, 2003
        ----------------------------------------------------------------
             (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)

_____________________

        /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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2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a)  [_]
                                                                     (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
        NUMBER OF                49,000 shares
         SHARES        ---------------------------------------------------------
      BENEFICIALLY       6.  SHARED VOTING POWER
        OWNED BY                 ---
          EACH         ---------------------------------------------------------
        REPORTING        7.  SOLE DISPOSITIVE POWER
         PERSON                  49,000 shares
          WITH         ---------------------------------------------------------
                             SHARED DISPOSITIVE POWER
                         8.      ---
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9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

              49,000 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)
              0.5%
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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:
                   255 Franklin Street
                   Boston, MA  02111

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:
                   49,000 shares

     4(b)     Percent of Class:
                   0.5%

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

         (i)  sole power to vote or to direct the vote:
                   49,000 shares

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

                               Page 3 of 4 Pages



             (iii) sole power to dispose or to direct the disposition of:
                        49,000 shares

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

Item 5       Ownership of Five Percent or Less of a Class:
                        This statement is being filed to report the fact that
                        as of the date hereof the reporting person has ceased
                        to be the beneficial owner of more than five percent of
                        the class of securities.

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 10, 2003

                               Page 4 of 4 Pages