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TEHRAN, Jan. 14 (Xinhua) -- Iran and China signed a 1.76 billion U.S. dollars deal here on Wednesday for the initial development of Iran's North Azadegan oil field, the official IRNA news agency reported. The deal was signed between China National Petroleum Corporation(CNPC) and the National Iranian Oil Company (NIOC) in the presence of Iranian oil minister Gholam Hossein Nozari and Chinese ambassador Xie Xiaoyan, IRNA said. The North Azadegan oil field which located in Iran's western province of Khuzestan has an estimated reserve of six billion barrels of oil and can produce 75,000 barrels per day for 25 years, Nozari was quoted as saying. Under the deal, CNPC is committed to developing the oil field in two phases, IRNA said. Oil output of the North Azadegan oil field will reach 150,000 barrels per day when both the two phases of the project are finished, Nozari added. According to IRNA, the deal is in the form of buy-back terms, based on which CNPC hands over the operation of the field to NIOC after development and receives payment from oil production for a few years to cover its investment. The period for the development and reimbursement for the first and the second phase of the field would be about 12 and 17 years, Nozari said.
GENEVA, Jan. 23 (Xinhua) -- The World Economic Forum (WEF) is "very proud" that it has managed to maintain "very positive" ties with China, a senior WEF official has said. "We all know that China is an important factor in the future evolution and development of worldwide economy. So we are all very interested in what China will be doing," said Andre Schneider, managing director and chief operating officer of the Geneva-based organization. In a recent interview with Xinhua before next week's opening of the 2009 WEF annual meeting, also known as the Davos Forum, in the Swiss Alpine skiing resort Davos. More than 40 heads of state or government, including Chinese Premier Wen Jiabao, and some 1,400 business leaders, have confirmed their participation at the five-day meeting scheduled to deal with the ongoing financial crisis and other global challenges. Premier Wen's participation will certainly be "a unique opportunity" for the world to better understand what are the plans of the Chinese leadership to deal with the crisis, Schneider said. Schneider noted the first two WEF annual meetings of the new champions, dubbed "Summer Davos Forum," were both held in China, in Dalian in 2007 and Tianjin a year later. The success of the "Summer Davos Forum," a gathering of new multinational companies from China and across the world to explore the mechanisms of continued and sustainable growth, indicated the strong collaboration between the two sides, he said. The WEF's choice of China as the host of the "Summer Davos Forum" was "an absolutely right one," he said. Schneider noted that cooperation between the WEF and China started in 1979, when China first sent a delegation to the Davos Forum. China and its economic growth has been a topic of interest for participants at the Davos Forum in recent years. In June 2006, the organization opened a representative office in Beijing, which aims to deal with all interactions with China. "It's a clear sign of our deepened collaboration," he said.

BEIJING, Dec. 26 (Xinhua) -- A food company in east China's Shandong Province has been allowed to resume export of bean stuffing to Japan following earlier suspicion of food poisoning, the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) said Friday. In a brief statement posted on its Web site, the GAQSIQ said the Japanese authorities could not conclude that the food-poisoning symptoms of two Japanese people resulted from consumption of the bean stuffing from Qingdao Fushijia Food Co., Ltd. in Shandong. According to the GAQSIQ, the Japanese Ministry of Health and Welfare said Dec. 17 that Japan decided to lift import ban on Fushijia's products since the Chinese side had found no quality problem with Fushijia's bean stuffing. The Japanese side had also not discovered any harmful chemical substance in imported products. Japan banned the import of Fushijia's bean stuffing in September after two employees of a Japanese food producer importing Fushijia's products became ill.
SANYA, Hainan Province, Dec. 25 (Xinhua) -- The Chinese Navy's three-ship fleet awaiting sail to waters off Somalia has finished its preparations for the overseas deployment, the fleet commander said Thursday. The commander, Rear-Admiral Du Jingcheng told Xinhua aboard the Navy's DDG-171 Haikou destroyer that all crew members of the fleet had full confidence in their ability to fulfill the escorting mission. The Haikou together with another destroyer, DDG-169 Wuhan, and supply ship Weishanhu from the South Sea Fleet will set sail from a port in China's southmost city of Sanya on Hainan island Friday. The fleet will join in the multi-national patrolling of the Gulf of Aden and waters off the coast of Somalia. Crew members of a navy helicopter prepare for the departure in Sanya, capital of South China's Hainan Province on Dec. 25, 2008. The fleet will carry about 800 crew members, including 70 soldiers form the Navy's special force, and is equipped with ship-borne missiles, cannons and light weapons. "The fleet's warships will primarily safeguard vessels passing through the waters. The fleet's helicopters will be responsible for the fleet's own safety, material delivery as well as rescue tasks," the commander said. "The fleet will protect and escort Chinese ships carrying strategic cargos, such as crude oil," he added. The commander, who serves as chief of staff of the Navy's SouthSea Fleet, said that the upcoming mission may take a long time and may involve unforeseeable challenges. Soldiers of Chinese navy special force carry out an anti pirate drill on the deck of DDG-171 Haikou destroyer in Sanya, capital of South China's Hainan Province, on Dec. 25, 2008. "We have made special preparations to deal with pirates, even though these waters are not familiar to us," he said. The crewmen have made physical and psychological preparations for the mission by intensified training in shooting, maritime tactics and diving, said Lieutenant Commander Xie Zengling, chief of the special force unit, adding that one special force soldier could handle several enemies with bare hands. "We are expected to encounter fire conflicts with pirates in these waters," said the fleet's commander, "but our primary target is not striking them but dispelling them." "If the pirates make direct threats to the warships or the vessels we escort, the fleet will take counter measures," he said. Soldiers of Chinese navy special force rank in an anti pirate drill on the deck of DDG-171 Haikou destroyer in Sanya, capital of South China's Hainan Province, on Dec. 25, 2008. FLEET EQUIPMENTS IN GOOD FORM The escorting mission will also be the maiden operation in real combat conditions for the two destroyers. They are among the Chinese Navy's most sophisticated war vessels and both are designed and manufactured by China. The Weishanhu supply ship started service in 2004, and has participated in the Navy's goodwill visits to south Asia and Europe. "All the ships' equipment has been is in excellent form after various exercises and training," Real-Admiral Du said. Captain Long Juan of the Wuhan destroyer said the high temperature, humidity and salinity in the Gulf of Aden and waters off the coast of Somalia could bring challenges to the equipment and crew members. "To secure the ships' reliability, communication, navigating and power equipment has been provided with backup systems," the captain said. ADEQUATE SUPPLY FOR MONTHS Seamen of the fleet have been seen transporting pure water, beverages and food from the land base to the warships. All material storage was finished by Thursday evening. Captain Xi Feijun of the Weishanhu told Xinhua that his ship had stored fuel, water and food to last several months for the fleet. The ships' mess will provide self-service meals during the entire mission. It will offer dairy products, eggs, vegetables, fruit and other high caloric content food, Captain Long Juan told the Xinhua reporter aboard. The Xinhua reporter also saw libraries, computer rooms and gymnasiums on the ships which have been prepared for the crew members in their leisure time. The fleet will be the first overseas deployment for Chinese maritime forces since the 15th century. Previously, the People's Liberation Army Navy focused on coastline defense and limited operations abroad to goodwill visits and drills with other navies. China's Foreign Ministry officially announced the deployment on Saturday, saying that China will observe UN resolutions and international laws in fulfilling its obligations. Foreign Ministry spokesman Liu Jianchao said 1,265 Chinese commercial vessels had passed through the gulf so far this year and seven of them were attacked. One fishing ship and 18 crew members were still being held by pirates. Xinhua writer Bai Ruixue contributed to the story.
GUANGZHOU, Nov. 22 (Xinhua) -- What China can do for the world is not to sell out its massive dollar reserve, but slightly increase its hold of the currency to give reasonable support to the U.S. effort to save its economy, said a senior economist here on Saturday. It is indeed difficult for China to handle its huge forex reserve, as the U.S. currency has already depreciated 20 percent against the Chinese yuan, said Cheng Siwei, well-known economist at a financial forum held in Guangdong. "China would suffer from losses if it sells off the dollar, so our strategy should be not to sell, but to slightly increase dollar reserve," said Cheng, also former vice-chairman of the Standing Committee of the National People's Congress (NPC). Cheng made the remarks amid increasing concern that China might use its forex reserve to finance its 4-trillion-yuan stimulus plan. China held 1.9 trillion dollars worth of forex reserve by September this year. China "can only afford to do what is corresponding to its level of development and national power amid a global crisis," said Cheng. "We should be prudent as to how to deal with our forex reserve," said Cheng, noting that China, despite its large size of economy, has its gross domestic product (GDP) accounting for only 6 percent of the world's total, and its per capita GDP ranking falling out of the top one hundred list.
来源:资阳报