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MADRID, Jan. 4 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang said here on Tuesday that China is likely to buy more Spanish government bonds to help the country deal with market concerns about its solvency.Li made the remarks during a meeting with Spanish Second Deputy Prime Minister and Minister of Economy and Finance Elena Salgado.Li noted that the Spanish government has taken a series of measures to fight the global financial crisis, which will help lift the country out of its severest woes and pave the way for sound economic development in the long run."We believe Spain, with its government and people working together, will surely overcome current economic and fiscal difficulties," he said.Chinese Vice Premier Li Keqiang (L) shakes hands with Spain's Second Deputy Prime Minister Elena Salgado, in Madrid, Spain, Jan. 4, 2011. Li Keqiang arrived here Tuesday at the start of a three-nation tour to Europe. Li said that China, as a long-term and responsible player in the Spanish government bonds market, has not reduced its holdings, and even increased its buying activities amid European debt concerns."We will buy more (Spanish government bonds) depending on market conditions," he said.The Chinese leader arrived in Madrid earlier in the day, kicking off a three-day official visit to Spain.Spain is the first leg of his three-nation European tour, which will also take him to Germany and Britain.

BEIJING, Dec. 11 (Xinhua) -- China's retail sales of consumer goods grew 18.7 percent in November year on year, the National Bureau of Statistics (NBS) said Saturday.Retail sales of consumer goods stood at 1.39 trillion yuan (208.1 billion U.S. dollars) in November and the growth rate was 0.1 percentage points higher than that in October, the NBS spokesman Sheng Laiyun said at a press conference.Retail sales of consumer goods in the January-to-November period reached 13.92 trillion yuan, up 18.4 percent from the same period last year.The growth rate in the January-to-November period was 0.1 percentage points higher than that in the January-to-October period.The NBS said urban consumption hit 1.2 trillion yuan in November, up 19 percent year on year.Rural residents spent 186.5 billion yuan on consumption goods in November, up 17 percent year on year.In breakdown, catering sector sales rose 19.6 percent to 160.1 billion yuan in November from a year earlier, while retail sales increased 18.6 percent to 1.23 trillion yuan in November year on year.

ZHENGZHOU, Dec. 13 (Xinhua) -- Seven company executives were suspended from duty or removed Monday after 26 miners were killed in a gas explosion in an illegally operated coal mine on Dec. 7 in central China's Henan Province, according to the group's spokesman.Forty-six miners were working underground when the blast occurred at the Juyuan Coal Mine, owned by Juyuan Coal Industry Co., Ltd. in Mianchi County, Sanmenxia City. The company is being merged into Yi Ma Coal Industry Group.Deputy general manager, Li Jianxin, of Yi Ma Coal Industry Group, the mine's prospective parent company, was suspended from duty pending investigation. Li was in charge of the group's merger and regrouping, said the group's spokesman.Manager Yao Nianshou and four deputy managers who were sent by the group to Juyuan Coal Industry Co., Ltd. were also removed, he said.The spokesman said the decisions to discipline the executives have been approved by the State-owned Assets Supervision and Administration Commission of Henan Province. The final punishment for those responsible for the incident will be decided based on the findings of the on-going investigation.Managers of the Juyuan Coal Mine did not obtain a license to excavate coal from the site in Mianchi County, where the explosion occurred. Mine managers also ignored an order to halt production, as the mine's operations are being reorganized as part of the merger.The mine had been known as the Suzhuang Coal Mine and was later re-launched as Juyuan when it was merged into the large state-owned conglomerate Yi Ma Coal Industry Group.Police said they arrested the owner of the mine, Suo Yonggang, who allegedly hid the bodies of the victims to lessen the casualty count. Suo fled the mine following the blast.Mine managers first reported that only 20 miners were trapped when the blast occurred. Provincial work safety authorities updated the figure to 33 and then to 46 as investigators found more bodies in the mine. Only 20 miners survived.

BEIJING, Jan. 18 (Xinhua) -- China will continue rare earth export and regulate export quotas according to World Trade Organization rules, said the Ministry of Commerce on Tuesday.China announced its first batch of 2011 rare earth export quotas at 14,446 tonnes at the end of 2010.The full-year quotas are under discussion and will be announced timely, said Yao Jian, a spokesman with the ministry, at a news briefing here.The country exported 35,000 tonnes of rare earth from January to November in 2010, up 14.5 percent from a year earlier. Exports to Japan, the European Union and the United States accounted for 86 percent of the total exports, said Yao.He said that it is normal that rare earth prices fluctuate with demand and supply and China acted responsibly last year to ensure basic demand for the minerals was met.China has noticed that other countries, such as the U.S. and Australia, have increased exploitation of rare earth in their own countries. "This will effectively safeguard the global supply," said Yao.With around 36 percent of the world's rare earth reserves, China supplies 90 percent of global demand.

BEIJING, Dec. 3 (Xinhua) -- China and Venezuela Friday pledged to boost bilateral relations and cooperation.The pledge came out of a meeting between Chinese Vice Premier Li Keqiang and Venezuelan government delegation, which is in China for the ninth meeting of the China-Venezuela Senior Mixed Committee.Hailing the fast growth of China-Venezuela relations in recent years, Li said the two sides have enjoyed fruitful cooperation in areas including energy, agriculture, culture and infrastructure.Li noted that Venezuela has become one of China's most important trading and investment partners in Latin America.Chinese Vice Premier Li Keqiang (R front) meets with Jorge Giordani, chief delegate of a Venezuelan government delegation, which is in China for the ninth meeting of the China-Venezuela Senior Mixed Committee, in Beijing, capital of China, Dec. 3, 2010.He said strengthening cooperation between the two countries is not only beneficial for the two countries but also good for south-south cooperation and the overall strength of developing countries.China will conduct relations with Venezuela with a strategic point of view and promote pragmatic cooperation in all areas, Li said.He added that the mixed committee of senior officials from both sides can play an active role in this regard.The vice premier also extended his condolences to northern parts of Venezuela, which were hit by the recent flooding.He also announced, on behalf of the Chinese government, an emergency assistance package for Venezuela to help in the food relief work.Chief delegate Jorge Giordani, the Venezuelan minister of planning and finance, expressed Venezuela's gratitude for China's assistance.He also said Venezuela is satisfied with the two countries' expanding cooperation.He said Venezuela will continue to expand cooperation with China while taking the bilateral relationship to a new high.