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BEIJING, Jan. 8 (Xinhua) -- All China Federation of Trade Unions (ACFTU) said Saturday it had allocated 2 million yuan (about 303,000 U.S. dollars) to relief efforts in Guizhou and Hunan provinces, where days of snow and icy rain have disrupted people's lives.Freezing weather in south China has forced the evacuation of at least 58,000 people from their homes over the past week, according to the Ministry of Civil Affairs.The hardest hit has been Guizhou and Hunan, which will continue to experience the inclement weather over the next three days, the National Meteorological Center (NMC) said Saturday.The ACFTU urged local trade unions to work closely with governments and related departments to minimize the impact of the bad weather on people's life.

LONDON, Jan. 12 (Xinhua) -- Chinese Vice Premier Li Keqiang met with British Business Secretary Vince Cable here on Wednesday, with both sides agreeing to further develop economic and trade ties.China and Britain are both major economies in the world, so bilateral trade has a solid foundation and broad prospects, said Li, adding that the two sides should establish a more strategic and long-term economic and trade relationship, and jointly promote economic growth.He said the two countries should further expand mutual investment, deepen cooperation in infrastructure construction, advanced manufacturing and service trade, energy development, innovative technology and other areas, and jointly develop the third-party markets.The Chinese leader welcomed British companies to continue to invest in China, and said China would also encourage more Chinese enterprises to invest and seek development in Britain.He pledged that China will continue to improve its investment environment and provide convenience for British enterprises, while also expressing the hope that Britain can do the same for Chinese investors.In his turn, Cable said the British government and business community have been committed to developing closer economic and trade ties with China, adding that the two countries have complementary advantages and therefore great potential for broader and deeper cooperation.British entrepreneurs present at the meeting briefed Li about their investment and operations in China.Li, accompanied by Cable, also visited on Wednesday the BRE Innovation Park and an exhibition of the latest research development and achievements in the field of low-carbon architecture and community.

BEIJING, Nov. 28 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC) said Sunday Bridas Corporation, a joint-venture equally-owned by CNOOC International Limited and Argentina-based Bridas Energy Holdings (BEH), will acquire a 60 percent equity interest in Pan American Energy (PAE) from BP for approximately 7.06 billion U.S. dollars.The acquisition excludes PAE's assets in Bolivia, according to a statement on the website of CNOOC, China's largest offshore oil and gas producer.CNOOC International, a wholly owned subsidiary of the company, and BEH have agreed to contribute about 4.94 billion U.S. dollars to Bridas to finance 70 percent of the proposed acquisition. The contribution will be made in equal amounts of approximately 2.47 billion U.S. dollars by CNOOC International and BEH.The remaining 30 percent, or approximately 2.12 billion U.S. dollars, will be satisfied by third party loans to be arranged by Bridas and additional contributions from CNOOC International and BEH.Completion of the acquisition is conditional on, among others factors, all necessary government and regulatory approvals, and is expected to take place in the first half of 2011.In the first half of 2010, CNOOC International and BEH completed the formation of a half-half joint venture in Bridas.

SHANGHAI, Nov. 16 (Xinhua) -- The death toll of a big fire that engulfed a high-rise building in downtown Shanghai had risen to 53 by 9:20 a.m. Tuesday, local authorities said.More than 70 people injured in the inferno are being hospitalized.The 28-story building at the intersection of Jiaozhou Road and Yuyao Road in Jing'an District, a densely-populated area in Shanghai, was being renovated when it caught fire at about 2:15 p.m. Monday.The fire was mostly extinguished at 6:30 p.m. after local authorities dispatched 25 fire units and more than 100 fire engines to the scene. Helicopters were sent to rescue people trapped on the roof.Firefighters use illuminating facility to search for survivors on the residential building in the downtown area of Shanghai, east China, Nov. 16, 2010. The death toll of a big fire that engulfed a high-rise building in downtown Shanghai had risen to 53 by 9:20 a.m. Tuesday, local authorities said. More than 70 people injured are being hospitalized. The cause of the fire remained unknown, but a witness said he saw construction materials burning before the fire climbed up the scaffolding and quickly spread.Jing'an District government has arranged food and accommodations for fire-affected residents evacuated to nearby hotels.Residents said the building, built in the 1990s, housed mainly teachers from several schools in Jing'an District, many of whom were retired.

BEIJING, Dec. 29 (Xinhua) -- A senior official from China's Ministry of Commerce called for enhanced trade and economic cooperation between China and the European Union (EU), prior to Chinese Vice Premier Li Keqiang's upcoming visit to three EU nations.In a recent interview with the People's Daily, Ministry of Commerce International Trade Representative Gao Hucheng reviewed the current trade and economic relationship between China and the EU, pinpointing the areas where more efforts could be made on both sides to further cooperation.In an article published in Wednesday's People's Daily, Gao said that in the past 35 years since China and the EU forged diplomatic ties, the relations between the two sides went from "constructive partnership" to "comprehensive partnership" and the now "comprehensive strategic partnership."The article was published about a week before Vice Premier Li sets out to visit Spain, Germany and Britain on Jan. 4-12.Trade between China and the European Union has become one of the most active and influential bilateral relations in the world, said Gao.Leaders of China and the European Union have been exchanging official visits frequently, said he. This year alone, seven of top Chinese leaders, including President Hu Jintao and Premier Wen Jiabao, paid official visits to over a dozen EU countries.Meanwhile, some 65 high-level delegations from the EU and its member states visited China in 2010.Trade cooperation between China and the EU has been speeding up, Gao said. When China established diplomatic relations with the EU in 1975, annual trade was at 2.4 billion U.S. dollars, the volume of about two days between two sides this year. In the past 35 years, trade volume has grown over 150 times.According to China's statistics, China-EU trade amounted to 433.9 billion U.S. dollars in the first 11 months of this year, up 33.1 percent from last year, a growth rate higher than that of China-Japan and China-U.S. trade.According to statistics released by the EU, its exports to China rose 4 percent in 2009 despite the economic recession and decreased export to the rest of the world. EU's total investment in China has exceeded 70 billion U.S. dollars so far, making the EU China's third largest source of foreign investment.Communication between people on two sides has grown substantially over the years. Nowadays nearly 200,000 Chinese students are studying in the EU countries and some 150,000 EU nationals are working in China. Over a million Chinese tourists travel to the EU countries every year.Gao pointed out that as the largest developing country in the world with fast economic growth, China could forge complimentary economic ties with the EU, as they stand at different places in economic development.On future economic policies, Gao said China was commited to expanding its domestic demand, adjusting its economic structure, and continuing its open-door policy, which is indispensable to China's development. He said the country's on-going economic reform offered great potential for investment and consumption, and gave other countries, including those in the EU, excellent business opportunities.Gao encouraged politicians and entrepreneurs on both sides to take a more holistic view of China-EU economic and trade relations and cooperate more actively in many sectors of the economy.