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JINAN, Dec. 6 (Xinhua) -- China's Yanzhou Coal Mining Co. Ltd. has got an official approval to take over Australian coal mining company Felix Resources, according to the company's bulletin on the Hong Kong Stock Exchange on Friday. The deal involving 3.3 billion Australian dollars (3 billion U.S. dollars) in a contractual agreement reached by the two companies in August would be the largest of its kind between Chinese and Australian firms. Yanzhou Coal said in the bulletin that the National Commission of Development and Reform has approved the company's bid to take over 100 percent of the stake in Felix. The company said that after the takeover of Felix, it would obtain an approved coal reserve of 1.5 billion tons in Australia. Its annual coal output in Australia is expected to exceed 10 million tons, accounting for one third of the company's production in China. Yanzhou Coal, headquartered in east China's Shandong Province, is listed on stock exchanges in Hong Kong, New York and Shanghai. It owns Austar Coal Mine in Australia, and mines in north China's Shanxi Province and Shandong Province, according to information on the company's website.

COPENHAGEN, Dec. 14 (Xinhua) -- In order to deal with climate change, efforts should be made simultaneously in fields of politics, economy, society, culture and ecology, a senior Chinese official told Xinhua. Only through this comprehensive approach can lead to the forming of a systematic framework against climate change and push forward the harmonious and sustainable development between human and nature," said Zhao Baige, vice minister of China's National Population and Family Planning Commission. With the efforts of all countries in recent years, great progress has been made in fighting climate change. But obvious shortcomings existed, Zhao said. In the past, much attention was paid to carbon dioxide emissions, but little was given to their correlation with population development, she said. In addition, the roles of politics, culture and society have often been neglected, she added. Zhao said it is a complicated and huge systematic project to deal with climate change, involving different sectors. With regard to politics, she said all governments must attach great importance to climate change and honor their commitments. A body should be established to coordinate departments involved, while a long-term plan and a legal framework for climate change should be established. On economy, Zhao said, "it is impossible to deal with climate change without economic support." She suggested developing countries follow a path of sustainable development when they push forward economic development. At present, China is on its way of adjusting its industrial structure, setting carbon emission cut targets, strengthening technical innovation, raising energy efficiency and rapidly developing renewable energy. In the social sector, Zhao said a comprehensive review over the impact of climate change is needed. The principle of equity and fairness should be introduced and a low-carbon consumption mode should be encouraged. Zhao said a lot of efforts are needed in the sector of culture. Thousands of years ago, Chinese started to believe that mankind should live in harmony with the nature, said Zhao, adding that China's traditional culture emphasizes the unity of personal rights and responsibilities. However, she pointed out that in Western countries, personal rights are "over emphasized" while collective responsibilities are neglected. In fact, China has formed a long-term low-carbon consumption behavior, while over consumption and luxury consumption widely exist in the West, said the Chinese official. As for the sector of ecology, Zhao said climate change and ecology are interrelated. In recent years, China has adopted a series of measures including developing ecological agriculture, raising land utilization efficiency, saving water resources and reducing pollution. Zhao stressed the importance of the interrelationship between the five above-mentioned fields, saying that only with a clear political direction, correct strategy and policy measures, can a country put carbon reduction targets into practice and adopt a low-carbon path.
Editor's note: Xinhua correspondents Zhao Cheng and Tian Fan, who accompanied and covered Premier Wen Jiabao's tour to the Copenhagen climate talks last week, recall in this following special report what they witnessed at the summit in the Danish capital. With close-in observations of Premier Wen's tight schedule and meetings with world leaders, their account is expected to shed light on some queries concerning the conference. * What did Premier Wen tell world leaders? * Why was Premier Wen missing from a mysterious small group meeting called by the United States? * How was Copenhagen Accord finally reached after long, tough negotiations? BEIJING, Dec. 25 (Xinhua) -- Chinese Premier Wen Jiabao left Beijing for the climate summit in Copenhagen, Denmark on Dec. 16, when pessimism and disappointment were simmering among negotiators, who, after about 10 days' bargaining, found a bridge to span their rift seemed a mission impossible. "It will be a tough task. Now I can feel how heavy my duty is to attend the meeting on behalf of the Chinese government," Wen told reporters aboard his plane en route to Copenhagen. Chinese Premier Wen Jiabao speaks at the leaders' meeting of the United Nations Climate Change Conference in Copenhagen, Denmark, Dec. 18, 2009Nevertheless, Wen said he was confident that the talks would bear fruit. "As so many world leaders are gathered there, I believe there should come some achievements," he said. "No matter what the result is, China's action plan will not change, its voluntary reduction target will always be non-negotiable, and its determination in hitting the target will never waver."
BEIJING, Dec. 27 (Xinhua)-- Premier Wen Jiabao admitted Sunday that it'd be good if lending by Chinese banks had not been growing on a too large scale as a result of the government's immediate response to the global financial crisis."It would be good if our bank lending was more balanced, better structured and not on such a large scale," he said in an exclusive interview with Xinhua News Agency. Wen said the State Council had noticed the problem in the middle of the year and moved to correct it. "It has been improving in the second half of this year," he said. Chinese Premier Wen Jiabao (L) smiles during an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009 Credit expansion was one of the "unexpected difficulties" China had encountered in dealing with the worst crisis in decades, Wen said. The State Council had to learn from past experience, detect problems and make persistent efforts to fight the crisis effectively, he said. Wen said it was too early to grade China's performance in tackling the crisis because it was far from over and much work was yet to be completed. He admitted that the State Council had time in the second half of the year to calmly reflect on the problems arising from the emergency response to the economic crisis. The State Council had thoroughly discussed measures to cultivate new economic growth points, especially relating to emerging strategic industries such as the Internet, the green economy, the low-carbon economy, sensor technology and bio-pharmacy, he said. "I think one of the linchpins for the world to overcome the economic crisis is wisdom, and, most importantly, science and technology," he said. Chinese Premier Wen Jiabao (L) shakes hands with Xinhua President Li Congjun before an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009Chinese Premier Wen Jiabao (L) shakes hands with He Ping, Editor-in-Chief of Xinhua News Agency, before an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009
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