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CHANGCHUN, Sept. 2 (Xinhua) -- Economic cooperation and investment among northeast Asia countries is accelerating, a senior trade official of the Democratic People's Republic of Korea (DPRK) said Thursday in Changchun, capital of northeast China's Jilin Province."Northeast Asia has the advantages of modern technology, abundant natural resources and huge markets, which lays a solid foundation for common prosperity through cooperation," Koo Bon-Tai, vice trade minister of the DPRK, said at the Sixth Northeast Asia Investment and Trade Expo.Northeast Asia plays an important role promoting regional development, prosperity and security, said Xie Zhenhua, vice minister of China's National Development and Reform Commission.He added that the development of the Greater Tumen Initiative (GTI) will become a new growth point for China and northeast Asia."All mining, communication and infrastructure projects approved by the Mongolian government are related to the development of northeast Asia," said Noroviin Altanhuyag, the first deputy prime minister of Mongolia.According to Chen Weigen, Vice Governor of Jilin Province, the sixth Northeast Asia Expo will showcase Changchun, Jilin and the Tumen River and attract domestic and overseas enterprises to join regional development and cooperation in the Tumen River area.The Expo began Thursday in Changchun, which attracted 50,000 businessmen from home and abroad, including those from 110 of the world's top 500 companies.

CAIRO, Sept. 26 (Xinhua) -- Chinese and Egyptian industry officials vowed closer bilateral economic ties on Sunday with the signing of an industrial cooperation agreement.Egyptian Minister of Trade and Industry Rachid Mohamed Rachid met with Chinese Minister of Industry and Information Technology Li Yizhong. Both talked about the expansion and improvement of bilateral trade and economic cooperation.Rachid told reporters that he hoped the new agreement would pave the way for more cooperation in different industry sectors including manufacturing of cars components, textiles, petrochemicals, electronics and technology."This agreement includes the process of sharing technology and increasing investment in the industrial sector and training of workers as well as helping Egyptian companies promote their products in the Chinese markets," said the Egyptian minister.The agreement also included the formation of an Egyptian- Chinese task force that takes the responsibility of sharing information and experiments in the industrial sectors and encouraging Egyptian and Chinese firms to establish joint ventures in different areas of cooperation, according to Rachid.Rachid said that Egypt wanted to benefit from the successful Chinese experience in the industrial sector.Egyptian Prime Minister Ahmed Nazif also met with the Chinese minister. The prime minister said Egypt shows great interest in boosting cooperation with China.The bilateral trade between Egypt and China increased from 3 billion U.S. dollars in 2006 to 6.24 billion dollars in 2008, according to Chinese Ambassador to Egypt Wu Chunhua.By the end of last year, Chinese investment in Egypt exceeded 500 million U.S. dollars. Chinese auto companies such as Chery Automobile and Brilliance Automobile have had assembly lines here in Egypt.Rachid expected that the Egyptian-Chinese cooperation would witness a great milestone in all sectors, particularly the trade and industry relations thanks to exchanges in the economic and political levels.

ROME, Sept. 5 (Xinhua) -- China and Italy are working on a plan to expand their bilateral economic cooperation as the 40th anniversary of the establishment of the China-Italy diplomatic ties is just round the corner, said Chinese Ambassador to Italy Ding Wei on Saturday.The Chinese government is happy to see an enhanced and deepened economic ties between the two countries, said Ding while meeting with Adriano Luci, chairman of the industry association in Italy's northeastern city of Udine.He said Udine enjoyed a well-developed industrial capacity and saw ever-closer ties among Chinese and Italian firms.Ding hoped the association could encourage its member companies to champion the cooperation between Chinese enterprises and their Italian counterparts so as to materialize common development.Luci briefed Ding on Udine's industrial development, its companies' investment in China as well as their participation in the on-going Shanghai World Expo.He said he is willing to see the Italian and Chinese companies having more exchanges and further expanded areas of cooperation.According to Invitalia, the Italian official agency for promoting overseas investment and enterprise development, investment from Chinese companies in Italy has surged since 2000 and mainly goes to three main sectors, namely the automotive industry, logistics and machinery.Bilateral trade volume between China and Italy in the first half of 2010 registered a 36.3 percent rise compared to that of the same period last year, reaching some 20 million U.S. dollars.

LONDON, Aug. 27 (Xinhua) -- Some western commentators' critical comments concerning China's burgeoning relationship with Africa are "largely misplaced," says a Financial Times editorial.Wednesday's editorial - "China's new scramble for Africa" - said Western-led development strategies, however well meaning, did not break the cycle of under-development in Africa. Chinese investments, made for sound business reasons and boosting employment and growth, offer new hope and an alternative way forward, the editorial said.The infrastructure that the Chinese are building will also have positive spin-off effects for industries outside of natural resources. Chinese traders have brought cheap consumer goods to Africa. And, as labor costs rise at home, Chinese manufacturers may look at Africa with new interest, as a base for production, the editorial said.To the Western countries that uphold the spirit of competition, there's no reason to complain about China's strengthening its relationship with Africa, the editorial said.One reason that African governments often love doing business with the Chinese is that they are much less likely to condition their investments on improvements in government, and the pragmatic attitude of the Chinese government should be appreciated, the editorial said.

SHANGHAI, Oct. 2 (Xinhua) - China and Cambodia pledged to further cooperation and bilateral ties as top Chinese legislator Wu Bangguo met with Cambodian King Norodom Sihamoni in Shanghai Saturday."China attaches importance to relations with Cambodia and hopes to deepen and advance the mutually beneficial cooperation to lift bilateral ties," Wu told Sihamoni.Wu, chairman of China's National People's Congress (NPC) Standing Committee, said China cherished the special friendship with the Cambodian Royal Family.The friendship nurtured by Chinese leaders and former Cambodian King Norodom Sihanouk had weathered the changing international landscape, said Wu.Bilateral relations had seen frequent high-level visits, increased political mutual trust, and mutually beneficial trade cooperation and support on international and regional issues, said Wu.Wu also thanked the king for his support to the Shanghai World Expo and presence at the celebrations of China's National Pavilion Day at the Shanghai World Expo Friday.Sihamoni said the progress in bilateral relations was in the line with the two peoples' aspirations and the Cambodian Royal Family was committed to boosting bilateral cooperation.