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BEIJING, Nov. 2 (Xinhua) -- Chinese companies' overseas investment rose 10.4 percent year on year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday.Chinese companies invested 36.3 billion U.S. dollars overseas in the first three quarters, excluding investments in financial sectors, as other other companies, hit by the global downturn, reduced overseas investment, Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top economic planning agency, said at the opening of the 2nd China Overseas Investment Fair in Beijing.China has emerged as a major source of foreign direct investment (FDI) outflows.Although global FDI outflows dropped 40 percent year on year in 2009, China's overseas investments rose 14.2 percent year on year to 47.8 billion U.S. dollars, said Zhang.By the end of 2009, more than 12,000 Chinese firms had set up 13,000 overseas enterprises in 170 countries and regions, he said.The National Development and Reform Commission approved the two-day Second China Overseas Investment Fair, which the China Industrial Overseas Development and Planning Association (CIODPA) and China Development Bank are co-hosting.Representatives of government, multinational companies, international organizations and financial institutions from more than 120 countries gathered at the trade fair to persuade Chinese investors to invest overseas.

BEIJING, Oct. 25 (Xinhua) -- China's top legislature began its bimonthly session Monday, discussing bills including Vice President Xi Jinping's appointment as vice-chairman of the Central Military Commission (CMC) of the People's Republic of China.According to the bill, Xi was nominated by President Hu Jintao, also CMC chairman.Xi, Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, was previously appointed vice-chairman of the CMC of the CPC at the Fifth Plenary Session of the 17th CPC Central Committee that ended on Oct. 18.Wu Bangguo (C), chairman of the Standing Committee of the National People's Congress (NPC), presides over the 17th session of the Standing Committee of the 11th NPC in Beijing, capital of China, Oct. 25, 2010.At Monday's session of the National People's Congress Standing Committee, lawmakers reviewed the draft law on vehicle and vessel taxation for the first time, which sets out provisions for reducing taxes on energy-saving and clean energy-powered vehicles while imposing more taxes on cars with big engines.The law is expected to improve and standardize the taxation system, following the principles of being fair, eco-friendly and saving energy.China, having a total of 199 million vehicles, currently only has a regulation on vehicle and vessel tax, that took effect in 2007.In addition, at the session lawmakers began its fourth reading of a draft law on social insurance that aims to prevent the improper use of social security funds.The draft law stipulates that social security funds may neither be used to cover government budget deficits, build or renovate government offices, nor pay government agencies' day-to-day expenditures.

MUSCAT, Nov. 5 (Xinhua) -- A top Chinese delegation will sign agreements on two-way investment and personnel training with Oman amid efforts to deepen the cooperation between China and the Gulf oil-rich Sultanate, Chinese ambassador to Oman Pan Weifang said Friday.Jia Qinglin, China's top political advisor, will pay a three- day good-will visit to Oman starting from Saturday. This is a visit of the highest level in 11 years in the history of bilateral relations, ambassador Pan told Xinhua ahead of the visit.The delegation will meet Omani Sultan Qabus bin Said al-Said, deputy prime minister and other ministers and sign the important agreements during the visit, he said."I am very pleased to see that the senior Chinese leader will meet with His Majesty Sultan Qabus as the friendly Omani people are celebrating the 40th National Day," Pan said. "I believe Jia's visit will be another milestone in promoting the friendly cooperation, which has been valued in the long traditions of each country."An agreement will also be signed to build a monument for Zheng He, China's ancient seafaring hero whose fleets arrived in Oman for four times and visited Oman's southern area of Dhofar about 600 years ago.The voyage witnessed large amount of goods exchanges, such as china, silk and tea from China to Oman and frankincense, dates and Arabian horses from Oman to China.Nowadays, as the Sultanate's largest trade partner, China is ready to contribute to Omani government's drive to diversify the sources of revenue, 70 percent of which derives from oil and gas.Amid efforts for economic multi-polarization, Oman will develop non-oil sectors including infrastructure, renewable energies, tourism and finance, Pan said. "China and Oman will become essential partners in these fields.""Oman's free trade zones in Sohar, Salalah and Duqm will also attract and facilitate China's investment in Oman," he added.Recently, Chinese companies participated in the construction of a one-billion-U.S. dollar power plant project in the southern Salalah, which will begin generating electricity in 2012. As more Chinese investors are willing to start their businesses, the Bank of China opened a "China desk" in Bank Muscat, Oman's largest lender, to finance infrastructure projects.Chinese travel agencies are keen to develop tourist routes in the Sultanate, which is very rich with spectacular landscapes, archaeological sites and historical monuments, Pan said, adding that an agreement was signed to encourage tourism between Oman and China.About 5,000 Omani people go to China to do business and travel every year. During the Shanghai Expo, more than 10 ministers of Omani government went to China for a visit. "All these mirror the strong tie between the two countries," Pan noted.China is the largest buyer of Oman's crude oil. The bilateral trade reached 7.1 billion U.S. dollars in the first eight months this year, a 60 percent year-on-year increase.

GUANGZHOU, Sept. 21 (Xinhua) - Flooding has killed at least 13 people and left 34 missing in south China's Guangdong Province on Tuesday, local authorities said.Heavy rains caused by typhoon Fanabi battered many parts of Guangdong Tuesday.Further, a dam at the Xinyi Yinyan Tin Mine, owned by Zijin Mining Group Co. in Qianbai Township of Xinyi City, collapsed after being hit by a landslide, leaving five dead, six missing and seven injured, Xinxi city government officials said.Landslides and floods also killed three, buried 12 and left three others missing in Rupingtang Township, it said.The disasters toppled 346 houses and also has caused economic losses of 460 million yuan (68.5 million U.S. dollars) in Xinyi.In Yangchun City, flooding is reported to have killed three, left eight missing and forced the evacuation of 18,930 villagers. .Shuangjiao Township in Yangchun received 548.5 mm of rainfall in seven hours through 8 a.m. Tuesday, the largest rainfall in 58 years, according to authorities.Flood also killed two people and left five missing in Gaozhou City.

ALMATY, Sept. 9 (Xinhua) -- Senior Chinese commander Chen Bingde said Thursday that China and Kazakhstan will further enhance their military cooperation to ensure regional security.During a meeting with Saken Zhasuzakov, first deputy defense minister and chief of the staff of Kazakhstan's armed forces, Chen thanked the Kazaks for their efforts to prepare the upcoming "Peace Mission 2010" anti-terror drill.Chen, chief of the General Staff of the Chinese People's Liberation Army (PLA), also thanked them for their support of the participating Chinese troops.The Sept. 9-25 anti-terror drill, the seventh of its kind under the framework of the Shanghai Cooperation Organization, is an important move to implement the consensus reached by the heads of state of SCO countries, said Chen.Chen Bingde (R), chief of the General Staff of the Chinese People's Liberation Army, meets with Saken Zhasuzakov, first deputy defense minister and chief of the staff of Kazakhstan's Armed Forces, in Almaty, Kazakhstan, Sept. 9, 2010. Chen visited Almaty on Thursday to attend the opening ceremony of the "Peace Mission - 2010" anti-terrorism military exercise, which is launched under the framework of the Shanghai Cooperation Organization in south Kazakhstan from Sept. 9 to 25.The exercise will significantly contribute to eliminating the Three Evil Forces of extremism, separatism and terrorism, promoting regional security and deepening SCO-wide cooperation, Chen said.Noting that profound changes are taking place in Central Asia, Chen said the security situation in the region concerns the core interests of both China and Kazakhstan because the former is a neighbor of the region, while the latter is a large player inside it.The Three Evil Forces are a big public hazard to the international community, especially to Central Asia, the senior Chinese commander said, adding that Beijing and Almaty, both as SCO members, play a key role in maintaining regional security.Through in-depth cooperation, the two sides have made great contributions to the common fight against the Three Evil Forces and the maintenance of regional peace, Chen said.He said that military cooperation between the two countries has been growing continuously since they established diplomatic ties 18 years ago. Remarkable achievements have been made, he said, in high-level contacts, strategic consultations, technological exchanges, border defense exchanges and personnel training.The two countries will strengthen the friendly cooperation between their militaries, strive to maintain the sound momentum of high-level military exchanges and promote exchanges and cooperation in professional fields, Chen said.Zhasuzakov, for his part, said that Kazakhstan, as the current SCO chair, will make active efforts to advance the further development of the bloc.He spoke highly of military relations between China and Kazakhstan, saying defense cooperation between the two sides has been fruitful.He also expressed gratitude to China for its support of Kazakhstan's military build-up and personnel training.The Three Evil Forces constitute a grave threat to regional security and stability, Zhasuzakov agreed, adding that his country attaches great importance to bilateral and multilateral anti-terror cooperation.Kazakhstan is ready to join China and other SCO members in making positive contributions to the battle against the Three Evil Forces, he added.Chen arrived here Thursday morning to attend the opening ceremony of the "Peace Mission 2010" exercise, which is to be staged in south Kazakhstan with the involvement of 5,000 troops from China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.

来源：资阳报