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KUWAIT CITY, Dec. 27 (Xinhua) -- At the invitation of Kuwaiti First Deputy Prime Minister and Minister of Defense Sheikh Jaber Mubarak Al-Hamad Al-Sabah, Chinese Vice Premier Li Keqiang arrived here Saturday evening on a four-day official visit. Li said in a statement delivered at the airport that he is delighted to pay an official visit to Kuwait, noting that the relationship between China and Kuwait, especially in the fields of trade, energy, finance and culture, has witnessed remarkable growth since the two forged diplomatic relations in 1971. Visiting Chinese Vice Premier Li Keqiang(L in front) walks out of the Kuwaiti International Airport with a welcome delegation headed by Kuwaiti First Deputy Prime Minister and Minister of Defense Sheikh Jaber Mubarak Al-Hamad Al-Sabah(R in front) in Kuwait, Dec. 27, 2008 "China highly values the friendship with Kuwait and will make concerted efforts with the Kuwaiti side to step up the bilateral cooperation to a higher level," Li said. Kuwait is the final leg of Li's 11-day overseas visit, his first foreign visit since he took office as vice premier in March, which has already taken him to Indonesia and Egypt. According to official statistics, China and Kuwait renewed their record of bilateral trade volume in 2007 with 3.6 billion U.S. dollars, a 30 percent growth compared with that of 2006. China imported 2.3 billion dollars worth of goods from Kuwait in 2007, with 90 percent of oil products, while only exporting 1.3billion dollars of goods to Kuwait.
TEHRAN, Jan. 14 (Xinhua) -- Iran and China signed a 1.76 billion U.S. dollars deal here on Wednesday for the initial development of Iran's North Azadegan oil field, the official IRNA news agency reported. The deal was signed between China National Petroleum Corporation(CNPC) and the National Iranian Oil Company (NIOC) in the presence of Iranian oil minister Gholam Hossein Nozari and Chinese ambassador Xie Xiaoyan, IRNA said. The North Azadegan oil field which located in Iran's western province of Khuzestan has an estimated reserve of six billion barrels of oil and can produce 75,000 barrels per day for 25 years, Nozari was quoted as saying. Under the deal, CNPC is committed to developing the oil field in two phases, IRNA said. Oil output of the North Azadegan oil field will reach 150,000 barrels per day when both the two phases of the project are finished, Nozari added. According to IRNA, the deal is in the form of buy-back terms, based on which CNPC hands over the operation of the field to NIOC after development and receives payment from oil production for a few years to cover its investment. The period for the development and reimbursement for the first and the second phase of the field would be about 12 and 17 years, Nozari said.

BEIJING, Jan. 31 (Xinhua) -- Chinese President Hu Jintao held a telephone conversation with his U.S. counterpart Barack Obama on bilateral ties Friday, with both sides expressing the willingness to further the ties. The Chinese president said China is ready to strengthen dialogue, promote mutual trust and expand cooperation with the United States in a bid to confront various global challenges together and push forward a stable development of the Sino-U.S. relationship. Hu said the core interest of either country should be respected by each other and taken into consideration. As the contagious financial crisis is still producing severe influence to national economies and people's lives, the international community should strengthen coordination and promote closer cooperation to stand up to the challenge, Hu said. Describing the Sino-U.S. ties as the most important bilateral relations for both sides, Obama said enhancing bilateral constructive dialogue and cooperation is in the interest of not only the two countries themselves, but the world at large. The U.S. side is expecting closer cooperation with China on major international and regional issues, he said, adding that the U.S. government is willing to join hands with China to develop a more active and constructive bilateral relationship. Hu Jintao said China acknowledged U.S. efforts in stabilizing the financial market and stimulating the economy, adding that China is willing to further strengthen communication and coordination with the U.S. side in macroeconomic policies, and firmly oppose trade and investment protectionism. Hu said China will join hands with the United States to work toward fruitful achievements in April's Group of 20 (G20) summit in London and promote healthy and stable development of the world economy and finance. Obama said it is crucial for the United States and China, the two most important economies, to enhance cooperation. Both sides exchanged visit invitations. The two leaders agreed to meet in the Group of 20 (G20) summit slated for April in London.
LONDON, Feb. 2 (Xinhua) -- Visiting Chinese Premier Wen Jiabao said here on Monday that China and European countries should strengthen cooperation to deal with global financial crisis. Speaking at a joint news conference after talks with his British counterpart Gordon Brown, Wen said that during his week-long "trip of confidence" to five European countries, he met with European leaders for talks on issues of common concern, especially the global financial crisis, and achieved "fruitful" results. British Prime Minister Gordon Brown (L) and visiting Chinese Premier Wen Jiabao meet the press in London, Britain, Feb. 2, 2009. Europe and China agreed that dialog and cooperation had dominated their 30-year ties, and great achievements had been made, said Wen, adding that such relationship had brought benefits to both sides, and set an example of mutual benefits and win-win outcome. Sino-European relationship enjoys a solid foundation and a bright future, Wen noted. In the face of global challenges such as the financial crisis, China and Europe should make joint efforts to promote cooperation, and make their own contributions to the world's harmony and sustainable development, said the premier. British Prime Minister Gordon Brown (L) and visiting Chinese Premier Wen Jiabao meet the press in London, Britain, Feb. 2, 2009"This financial crisis is a global one. No single country can remain immune and address this in isolation. We are sitting in the same boat and we need to work together to overcome difficulties," said Wen. The premier said that if China could maintain its economic growth, "it will be the biggest contribution to the whole world" in a time of global financial crisis. China is willing to strengthen coordination and cooperation with the international community, to work together to achieve an early recovery for world economy, and to build a fair, just, comprehensive and orderly international financial system, said Wen. Brown told reporters that Britain and China could work together and avoid a retreat to protectionism during the economic downturn. "We know from previous dow
LIMA, Nov. 23 (Xinhua) -- Chinese President Hu Jintao said Sunday that China and Russia should strengthen strategic coordination at a time when the global political and economic structures are undergoing the most profound changes since the end of the Cold War. Hu made the remarks at a meeting with his Russian counterpart Dmitry Medvedev on the sidelines of the 16th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Lima, Peru. China and Russia should make concerted efforts to overcome the impact of the ongoing global financial crisis, maintain the sound momentum of their economic growth, and push ahead with reforms of the international financial system, the Chinese president said. Chinese President Hu Jintao (R) shakes hands with Russian President Dmitry Medvedev during their meeting in Lima, capital of Peru, Nov. 23, 2008. Hu also called for efforts to earnestly carry out the outline on implementing the Sino-Russian Good-Neighborly Treaty of Friendship and Cooperation. The two nations should enhance consultation on strategic security, and conduct timely exchanges of views on major international and regional issues and coordinate their positions, Hu said. On issues related to their core interests, China and Russia should continue to strengthen mutual support and coordination, he added. Efforts should also be made to combine the development of the Sino-Russian strategic cooperative partnership with market-oriented policies, so as to further promote their pragmatic cooperation in various fields, he said. As for the Six-Party Talks on the nuclear issue on the Korean Peninsula, Hu urged relevant parties to continue to strengthen coordination and cooperation, push forward the talks and strive for the gradual establishment of a mechanism for peace and security in Northeast Asia. He expressed China's support for Russia's role as an initiator in the establishment of the mechanism, adding that the two countries should also enhance coordination in promoting regional economic cooperation. Medvedev said the two countries should strengthen strategic consultation on issues relating to peace and security across the world and in the Asia-Pacific region. Russia is willing to strengthen consultation and cooperation with China in jointly coping with the global financial crisis, the Russian president said. The financial departments of the two countries could hold a meeting at an appropriate time to discuss how to implement the results of the financial summit of the G20 held a week ago in Washington and those of the APEC Economic Leaders' Meeting, he said. On the Six-Party Talks, the Russian president said relevant parties should properly handle their differences and make efforts to push forward the talks and promote peace and security in Northeast Asia.
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