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BEIJING, Nov. 24 (Xinhua) -- Vice President Xi Jinping's visit to Singapore, South Africa, Angola and Botswana on Nov.14-24 achieved the goals of "consolidating traditional friendship, expanding strategic mutual trust, deepening substantial cooperation and boosting common development," Vice Foreign Minister Zhai Jun said Wednesday.The visit, which was conducted on the occasion of the 20th anniversary of the establishment of diplomatic relations between China and Singapore and the 10th anniversary of the establishment of the Forum on China-Africa Cooperation, has been given prominence by local and international media, Zhai said.During the visit, Xi exchanged views with the heads of states and governments and parliament leaders of the four nations and summed up the experience and achievements in the development of their bilateral ties.He met with people from all walks of life and attended a series of signing ceremonies of bilateral cooperative agreements on trade, energy, finance and culture, Zhai said.Xi also addressed a reception marking the 20th anniversary of the establishment of diplomatic relations between China and Singapore and gave a speech at the opening ceremony of a seminar on the 10th anniversary of the Forum on China-Africa Cooperation.During a stopover in Spain's Balearic Island Mallorca on his way home, Xi met Spanish Foreign Minister Trinidad Jimenez with whom he exchanged views on China-Spain and China-Europe relations.The Chinese vice president also met with representatives from local embassies, Chinese enterprises, Chinese medical teams and overseas Chinese people and students.Great achievements have been made during Xi's visit which was compact but effective and pragmatic, Zhai said.

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.

BEIJING, Nov. 9 (Xinhua) - China's consumer price index (CPI) is expected to rise by slightly higher than the government's target of 3 percent this year, Zhang Ping, head of the National Development and Reform Commission, said Tuesday.Besides upward pressure on commodities prices due to natural disasters and imported inflation, loose domestic liquidity and speculation factors have also contributed to the prices hikes, Zhang said at a coal industry conference, adding that the government is paying close attention to domestic commodities prices, especially farm produce prices.Citizens shop at a supermarket in Haikou, capital of south China's Hainan Province, on Aug. 11, 2010.Zhang also said that edible oil is plentiful, though cotton and vegetables are projected to be in short supply during the rest of the year.Additionally, food prices, which account for one-third of weight in calculating the CPI in China, climbed 8 percent in September, pushing the CPI to reach a 23-month high of 3.6 percent in September.

BEIJING, Dec. 2 (Xinhua) -- A senior leader of the Communist Party of China (CPC) vowed Thursday to enhance mutual political trust with France.Li Changchun, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the pledge during his meeting with former French Prime Minister Jean-Pierre Raffarin and General Secretary of the Union for a Popular Movement (UPM) Jean-Francois Cope in Beijing.Li recalled Chinese President Hu Jintao's visit to France last month, saying it indicates Chinese-French relations have reached a new high.Li Changchun (R), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with former French Prime Minister Jean-Pierre Raffarin in Beijing, capital of China, Dec. 2, 2010. As permanent members of the Security Council of the United Nations and members of the Group of 20, China and France share common interests and bright prospects for cooperation, he said.Li applauded the close contact between the CPC and UPM, saying the CPC will bolster exchange with UPM, especially between young politicians.The French guests hailed French-Chinese ties and cooperation and pledged to work for closer cooperation and exchange. 

BEIJING, Dec. 7 (Xinhua) -- Chinese Foreign Minister Yang Jiechi said Tuesday that 2010 had been marked by closer links, greater interaction and stronger cooperation between China and the world.He made the remarks in an address at a New Year reception hosted by China's Foreign Ministry.Noting 2010 had been an important year for the world economy to emerge from the shadow of the financial crisis and embark on the track of recovery, Yang said China and other countries had further deepened cooperation during the process of pursuing common development.Yang said 2011 marked the start of the implementation of China's 12th five-year plan, and China would enter a crucial period in efforts to build a moderately prosperous society, and accelerate the transformation of the economic development pattern.Chinese Foreign Minister Yang Jiechi speaks at the New Year reception held by the Ministry of Foreign Affairs of China, in Beijing, capital of China, Dec. 7, 2010.With common development goals, China and the rest of the world would enjoy a wider arc of cooperation and face new historic opportunities, he said.China would "proactively adapt itself to the new developments and needs of the domestic and international situations, stay committed to the path of peaceful development, and unswervingly follow the mutually beneficial strategy of opening-up."He said the world would continue to move towards multi-polarity, while the process of global economic recovery and reform would further evolve.In a speech, Nolana Ta-Ama, dean of the Diplomatic Corps and Togo's ambassador to China, hailed China's diplomatic efforts in the political and economic fields towards its close neighbors, such as the Association of Southeast Asia Nations (ASEAN) and Japan, and on the Korean Peninsula in particular.More than 400 people, including Chinese State Councilor Dai Bingguo, attended the reception.

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