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BEIJING, July 30 (Xinhuanet) --Zhejiang Geely Holding Group Co is expected to complete it takeover of Swedish luxury car brand Volvo from US automaker Ford Motor Co on Monday after getting government approval for the deal.Ministry of Commerce officials told China Daily on Thursday that the government cleared the Volvo deal on Monday 26, after the National Development and Reform Commission cleared the proposal last week.Geely has also got the necessary anti-trust approvals from the European Union and the US government for the deal.Li Shufu (center), chairman of Zhejiang Geely Holding Co, arrives for a news conference in Beijing earlier this year. The Geely-Volvo deal has won approval from the Chinese government."With this the decks are now clear for Geely to complete its acquisition of Volvo and start manufacturing the brand in China," said Wang Zhile, director of the research center on transnational corporations under the Ministry of Commerce.Yuan Xiaolin, Geely's spokesman for the Volvo deal was unavailable on Thursday for comment. However, unnamed sources from Geely told China Daily that the Zhejiang-based automaker will hold a formal function on Monday to complete the deal.Geely's shares surged nearly 11.32 percent and closed at HK.95 per share in Hong Kong on Thursday.Privately owned Geely paid .8 billion to acquire the Volvo car brand from Ford on March 28 this year. It was the biggest overseas deal made by Chinese automakers in recent times.Geely Chairman Li Shufu had at that time indicated that the company would invest 0 million as operating capital in Volvo apart from the US.8 billion purchase price.Geely said on July 15 that it had appointed Li as the chairman of the board at Volvo Car Corp. At the same time it appointed the former president and CEO of Volvo Hans-Olov Olsson as the vice-chairman.More appointments to the board and top management, including the chief executive and chief financial officer, may be made next week, said sources.Analysts said the Volvo buy will help Geely gain a competitive edge in China and also a major toehold in Europe.Pursuant to completion of the deal, Geely is likely to start making Volvo cars locally.Though it has not announced a location yet, indications are that it may consider Jiading in Shanghai, Chengdu in Sichuan, Beijing or Tianjin as possible production sites.During the firsts six months of the year, Volvo sold 15,497 cars in China, up 88 percent over last year.That compares to the Swedish luxury brand's 5.2 percent and 9 percent year-on-year decline in major markets like the United States and Germany.Geely plans to increase Volvo's annual sales in China to 150,000 units by 2015, said sources.

CHENGDU, July 18 (Xinhua) -- At least 23 people have been killed and 30 are still missing as of Sunday evening after the worst rainstorm of the year lashed southwest China's Sichuan Province late Friday, the provincial civil affairs department said.More than 586,000 people were forced to evacuate their homes as torrential rains pounded 62 counties and cities in the province and triggered mountain torrents, landslides and house collapses, cutting off roads, electricity and communications in some regions.Half of the worst-hit Quxian County remains flooded, with water levels of up to 10 meters deep. The county is cut off from the outside world, with roads and railways flooded by waters, according to a spokesman with the department."We can only see the roofs of most riverside houses in Qujiang Town and Jubei Town," said Deng Yuhua, secretary of the county's Party committee.Further, rains are still pelting eastern parts of the province, which will probably aggravate the situation, said the spokesman.Flooding is forecasted to peak in Guang'an City, at the lower reaches of Qujiang River, on Monday.The provincial government has dispatched work teams and allocated emergency funds of 5 million yuan (about 730,000 U.S. dollars) to support flood relief operations.Parts of China experience heavy rains every summer, but this year's rains have been particularly devastating.Since the beginning of July, torrential rains and severe flooding has left 146 people dead and 40 missing and forced the evacuation of more than 1.3 million people as of 4 p.m. Friday in 10 provinces, mostly along the Yangtze River, according to the Ministry of Civil Affairs.

NEW YORK, June 10 (Xinhua) -- The U.S. House of Representatives has passed a bill to recognise Nanjing City of China as a "Model for International Cooperation" in order to award the city's active involvement in cooperation with the United States in education, innovation and entrepreneurship, and this was the first Chinese city to win such an award, Li Jiansheng, executive chairman of the U.S.-China Partnership Committee, told Xinhua on Thursday.The House passed the bill, tabled by Representative John Tierney of Massachusetts, on Tuesday night, Li said, adding that this will pave the way for further cooperation between China and the United States in education, innovation and entrepreneurship, which are very conducive to build a stronger China in the future."I rise today to speak about a model for international cooperation that is said to hold promise and future opportunities for the United States," Tierney said when he was taking the floor at the House. "The City of Nanjing is working to improve the quality of life of its residents with a global initiative that has potential to create a great opportunity for some in the United States."For over a decade, Nanjing "has reached beyond the borders of the People's Republic of China to create new strategies in education, innovation and entrepreneurship, increasing the level of understanding between our two nations and stimulating U.S.- China idea exchange," he said."It is expected that this international cooperative initiative will inure to the benefit of the residents of Nanjing as well to the residents of the United States, including businesses, residents and educational institutions in the Commonwealth of Massachusetts," he said.Nanjing, capital of Jiangsu Province in East China, has forged close ties of cooperation and partnership with Boston and Massachusetts in 2008. The city government has hammered out a series of programs to lure top talents from overseas."This is the first time for the U.S. Congress to recognize a model for a Chinese City for the partnership in entrepreneurship innovation, technology and education," Gene Hartigan, co-chairman of the U.S.-China Partnership Committee, told Xinhua on Thursday."This will get great attention from leaders in Washington D.C. and become the model for cooperation in the future between the U.S. and China in partnership in these areas," he said. "Currently the US and Chinese government have a platform called Strategic and Economic Dialogue. This statement approved by congress will create a new dialogue in innovation and entrepreneurship between the US and China."

BEIJING, July 21 (Xinhua) -- The Communist Party of China (CPC) Central Committee held its first-ever, high-level national conference on the work concerning Party history on Wednesday, prior to the 90th anniversary of its founding in July 2011.Vice President Xi Jinping called for more research and education about the history of the CPC, especially among young people.Xi, a Standing Committee member of the Political Bureau of the CPC Central Committee, made the remarks during a keynote speech delivered at the conference.He said the history of the 89-year-old Party is a "lively and vivid textbook," which should be well-studied, and research results should be used to "educate Party members, officials and the masses, especially the youth."Chinese Vice President Xi Jinping (L) speaks as He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, listens during the national work conference on the history of the CPC, at the Great Hall of the People in Beijing, capital of China, July 21, 2010.He said Party history should be included in schools' curriculums and publicized via the Internet.Further, researchers should study the Party's history "in a practical and realistic manner," Xi said, adding that the Party's glory, experiences, traditions and fine work style should be publicized.He added that the CPC strongly opposes any tendency that "distorts or smears the Party's history."Xi said the Party, having experienced the tests of revolution, development and reform, "successfully united and led the Chinese people to achieve miracles under an extremely complicated circumstance.""Over the past 89 years, the CPC contributed greatly to the nation's independence, unification and the people's well-being," he said.President Hu Jintao, also general secretary of the CPC Central Committee, met with the delegates, mainly Party historians, ahead of the conference. The country has more than 17,000 Party history researchers working in more than 2,800 research institutes nationwide.

BEIJING, June 10 (Xinhua) -- China's exports surged by 48.5 percent year on year in May, while the imports climbed 48.3 percent, the General Administration of Customs (GAC) announced Thursday.The growth rate for exports was 18.1 percentage points up from the figure for April, and the import growth rate dipped slightly from 49.7 percent reported in April.Exports totalled 131.76 billion U.S. dollars in May, said a statement on the GAS website, adding imports topped 112.23 billion U.S. dollars.Total foreign trade value rose 48.4 percent from a year earlier to 243.99 billion U.S. dollars in May. The figure was even 10.2 percent higher than May 2008 before the global financial crisis began, the statement said. Photo taken on June 8, 2010 shows the colossal chemicals-transport ship of Attilio Ievoli, which is manufactured by the Rushan Shipbuilding Co., Ltd. for export to Italy, taking water at its launching ceremony, at Rushan, east China's Shandong Province. Exports were up 9.2 percent from May in 2008 and imports grew 11.4 percent.From January to May, the total value of foreign trade rose 44 percent year on year to 1.1 trillion U.S. dollars.Exports were up 33.2 percent to 567.74 billion U.S. dollars and imports rose 57.5 percent to 532.35 billion U.S. dollars, said the statement.The trade surplus fell 59.9 percent to 35.39 billion U.S. dollars in the first five months.