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JERUSALEM, June 6 (Xinhua) -- Visiting Chinese special envoy on Middle East affairs Wu Sike held talks with Israeli Foreign Minister Avigdor Lieberman on Sunday, urging Israel and the Palestinians work together to push forward the Middle East peace process.Wu said the Middle East peace process is at a crucial moment now, as Israel and the Palestinians have entered indirect talks. China welcomes this concrete step, which broke the year-long deadlock in the peace process, and hopes that the two sides seize this opportunity to reach real progress, he said.China sees significance of mutual trust and flexibility in the talks, and asks Israel and the Palestinians to treat the negotiations seriously and put good faiths in them, stopping provocations and creating favorable conditions for fruitful talks. Israeli Foreign Minister Avigdor Lieberman (R) meets with Wu Sike, China's Special Envoy on the Middle East, in Jerusalem, June 6, 2010.As to the recent Gaza aid flotilla incident, which caused several casualties, Wu told Lieberman that China hopes Israel carry out UN resolutions in a comprehensive and serious manner, and lift the blockade on the Gaza Strip.China, as a permanent member of the UN Security Council, will communicate and coordinate with all concerned parties, including Israel, to play a constructive role in promoting the Middle East peace process, Wu said.For his part, Lieberman said Israel is willing to work with the Palestinians to push the proximity talks into direct negotiations, and reach concrete results from them.Israel is satisfied with the development of Israeli-Chinese relationship and appreciates the active role China is playing on the Middle East affairs, said the foreign minister, adding that he hopes both countries will keep close contact with each other and deepen the bilateral relations.
PARIS, April 27 (Xinhua) -- French President Nicolas Sarkozy says he wants to enhance Franco-Sino relations at all levels because China has an indispensable role to play on the global stage.The French president was speaking in an interview with Xinhua Tuesday before his visit to China, where he will attend the 2010 World Expo in Shanghai.President Sarkozy described bilateral ties and partnership as comprehensive as well as strategic."Comprehensive, because it covers all aspects of our relationship; strategic, because China has become an absolutely essential player on the international stage. There is no more big issue today that we can tackle without China," Sarkozy said.Referring to the establishment of the France-China diplomatic relations 45 years ago, the president said some misunderstanding between the two countries had belonged to the past and he held a firm confidence in China's future."This is why I made the strengthening of the Franco-Chinese partnership a priority of our foreign policy," Sarkozy said.He said relations between the two countries had warmed and France would like to further ties with China "in all dimensions."

BEIJING, March 30 (Xinhua) -- Chinese auto maker Zhejiang Geely Holding Group is ready to inject 900 million U.S. dollars operating capital into Volvo on top of the 1.8 billion U.S. dollars purchase price, Geely chairman Li Shufu said Tuesday."We should not only inject money into Volvo, but also endeavor to improve Volvo's profit-making capability," Li said at a press conference to discuss the Volvo takeover.The Zhejiang-based Geely signed a deal with Ford Motor Co. Sunday in Sweden to acquire the U.S. auto giant's Volvo car unit.The photo taken on March 23, 2010 shows Volvo assembly plant in the suburbs of western Belgian city of Gent. China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. in Goteborg of Sweden on March 28, 2010 to acquire the U.S. auto giant's Volvo car unit"Geely is Geely, while Volvo is Volvo. Geely will not produce Volvo, and Volvo will not produce Geely," said Li, also the founder of the firm, adding that Volvo would keep its unique characteristics after the takeover.Li said Volvo's biggest problem was its small production scale and high research and development expenses, adding Volvo should try to increase production and sales to cut costs.
BEIJING, May 11 (Xinhua) -- China and Denmark had forged good cooperation and friendship in the past six decades, bringing "real and tremendous" benefits to both peoples, a senior Chinese diplomat said Tuesday.Chinese Vice Foreign Minister Fu Ying made the remarks in Beijing at a reception held by the Danish embassy to China celebrating the 60 years of China-Denmark diplomatic relations.Working as an interpreter and accompanying the Queen Mother of Denmark on her visit to China in the mid-1980s, Fu said nobody expected the trade volume between the two countries would grow the way it had."For many years now China has been the largest trade partner of Denmark in Asia."Even in the most remote areas of China, the Danish beer, Carlsberg, could be seen and many garment brands from Denmark were very popular among Chinese young people, she said.In 2008, China and Denmark established an all-around strategic partnership to expand bilateral relations, as evidenced by closer cooperation in clean energy technologies, research and education and growing people-to-people exchanges."On clean technology, Denmark has been a first mover. And China is certainly a fast mover. Eventually, we will become the leading clean-tech economies of tomorrow," Danish Permanent Secretary of State Claus Grube said at the event.One in every 1,000 Danes were studying, working or traveling in China and Chinese businesses were establishing themselves in Denmark, which increased mutual understanding, said Grube.
BEIJING, May 22 -- China's stock index futures wrapped up their first month of trading on Friday as the May contract was delivered smoothly without triggering sharp declines or volatility in the spot market.The May contract rose 0.51 percent to close at 2749.8 points while the June contract, the most actively traded, rose 1.44 percent to close at 2801 points. The CSI 300 Index, which tracks 300 large caps traded on the Shanghai and Shenzhen bourses gained 1.57 percent to 2768.79 points.The smooth settlement of the May contract eased investors' worries about the "expiration day effect", with fears that it would trigger sharper volatility on the spot market due to more active trading of index futures as investors rushed to close positions for May and changed to June contracts on that day."The trading volume and the holdings of the May contract dramatically decreased in the past month, which significantly reduced the incentive of price manipulation in the spot market," said Yang Cui, an analyst at Changjiang Securities.Chen Zhenzhi, an analyst at Guangfa Futures, said the impact of the expiry day was very limited due to the fact that most institutional investors have not participated in index futures trading.The China's index futures market is still dominated by retail investors although securities firms and equity funds have been allowed to trade the new financial instrument. The securities regulator required that institutional investors should trade index futures for hedging rather than speculative purposes.Trading of index futures contracts, agreements to buy or sell the CSI 300 Index at a present value on an agreed date, allow investors to profit from both gains and declines in the market. Chinese investors could previously only profit from gains in equity prices.Some analysts said the launch of the financial instrument was one of the reasons leading to the recent decline as the short selling mechanism increases market volatility in the short term.The benchmark Shanghai Composite Index has declined 17 percent since the launch of index futures trading on April 16. It has been ranked as one of the world's worst performers along with some debt-troubled European countries.But Wang Lianzhou, former deputy director of the National People's Congress' finance and economics committee, was recently quoted by Chinese media as saying that the market's decline should not be blamed on index futures, which is designed to make the market more professional and less speculative.
来源:资阳报