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LUANDA, Nov. 20 (Xinhua) -- China and Angola announced Saturday that they have decided to establish a strategic partnership to continue shoring up bilateral cooperation.The leap forward in China-Angola ties came after visiting Chinese Vice President Xi Jinping met with Angolan President Jose Eduardo dos Santos and held talks with Vice President Fernando da Piedade Dias dos Santos.Both sides agreed, they said in a joint communique, that China and Angola are strategic cooperation partners, and that boosting their comprehensive collaboration serves the fundamental and long-term interests of both nations.In line with this understanding, and in order to grasp the opportunities and meet the challenges in the new international landscape, Beijing and Luanda decided to establish a strategic partnership, the document added.The two sides also expressed satisfaction with the steady improvement of their mutual political trust, the continued expansion of their cooperation in trade, culture and many other fields, and the increasingly close coordination on regional and global affairs.Looking ahead, the two sides agreed to continue high-level dialogues, further exchanges between governments, legislatures and parties of the two countries and better communications on bilateral ties and other major issues of mutual concern.Meanwhile, Beijing and Luanda are committed to hammering out a proper mechanism to guide bilateral cooperation at the earliest possible date, and harmonizing their cooperative system with future developments of bilateral relations, according to the joint communique.The two sides also agreed that both countries will constantly improve their cooperation mechanism and enhance the level and quality of their economic and trade cooperation, based on the principles of mutual benefit and common development.The two sides, the document said, will continue to encourage and support their enterprises and financial institutions to expand bilateral trade and investment, giving priority to strengthening cooperation of mutual benefit in such areas as agriculture, industry, infrastructure, urbanization, energy and mineral resources exploration.Also, the two sides will deepen their cooperation in multilateral mechanisms, like the Forum on China-Africa Cooperation, and the Forum on Economic and Trade Cooperation between China and Portuguese Speaking Countries, it added.Additionally, the two sides agreed to further strengthen their exchanges and cooperation in the humanistic area, including education, health, science and technology, sports and journalism as well as human resources training.The two sides reaffirmed that both countries share consensus in areas like safeguarding the common rights of developing countries,and making the international economic order more reasonable and fair.The two sides also will continue to strengthen their consultation and cooperation in such international organizations as the United Nations, the World Trade Organization and maintain coordination on the major international and regional issues, the joint communique said.During Xi's visit, the two sides signed various documents to strengthen and expand cooperation between the two countries.The joint communique also said that Xi's Angolan counterpart has accepted an invitation of the Chinese vice president to visit China.

THE HAGUE, Nov. 29 (Xinhua) -- "China fully abide by the chemical weapons conventions and is the important state partner," the new Director General of Organization for the Prohibition of Chemical Weapons (OPCW) Ahmet Uzumcu said here on Monday.At the opening ceremony of the photo exhibition about"chemical weapons abandoned by Japan in China"during the 15th session of the Conference of OPCW, Uzumcu told Xinhua, "We are fully aware of the safety risks that these weapons posed to the Chinese people, who are living in the immediate neighborhood of the weapons. Thus we wish the early destruction of the weapons.""As the director general, I am particularly pleased to see the breakthrough of the process and to see the destruction has started on 12th October," Uzumcu said.Uzumcu just finished a visit to China."I was impressed by China's developments in chemical industries." He commended China' s excellent performance of implementing the chemical weapon Convention and the outstanding results followed by.The exhibition with dozens of photos, which is a comprehensive and systematic presentation of the history and the current status of this issue, attracted many visitors."It's very informative and things exhibited here are relatively new to the organization. I have heard a lot about this issue. But this exhibition has made things more come to life. It illustrated the challenges a lot more concretely,"a US representative said."It's a very large number of chemical weapons considered to be abandoned in China. I hope all of them are located, identified, and subsequently they are put in storage, and therefore they be destructed,"a representative from Pakistan said.

BEIJING, Jan. 17 (Xinhua) -- The China Banking Regulatory Commission (CBRC) announced Monday that it will guide the nation's banks to a scientific pace of lending this year as it stressed bank loans should better serve the real economy.The CBRC said in a statement on its website that it will also expand and improve financial services in the country's rural areas and encourage banks to support borrowing activities from small-sized companies.The CBRC said it will carry out more studies in stepping up support for the country's affordable housing program, which aims to build 10 million affordable housing units for low and middle income residents this year.The commission also said it will continue to implement the differentiated home loan policy adopted last year, under which bank loans for third home purchases are suspended and down payments for all first-time home buyers are at least 30 percent of the purchase price, while second home buyers will have to pay an even higher amount of down payments, at 50 percent.Further, the CBRC said it would tighten controls over lending to local government's financing vehicles in order to ward off risks.Government data showed new yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. Dollars) last year, overshooting the government's full-year target of 7.5 trillion yuan.

TIANJIN, Dec. 31 (Xinhua) -- A subway train of six cars being assembled rolled off a production line Friday at a production base in north China's Tianjin Municipality, according to China South Locomotive & Rolling Stock Corporation (CSR).The subway train is the first of the kind ever produced at the CSR Tianjin Industrial Park, said CSR's chairman, Zhao Xiaogang.The train, designed to run at a speed of 80 km per hour, has a holding capacity of 1,800 passengers. It will will be used in Tianjin's Subway Line 3, which will begin service in 2011.The production base, with an initial investment of 3 billion yuan (455 million U.S. dollars), can produce 100 to 200 trains a year. It will attain a capacity of producing 500 trains annually in the next five years, according to Zhao.Analysts say the base's first product marked Tianjin's efforts to encourage the development of modern and more advanced industries in the city.The production base will boost the development of emerging industries in Tianjin and contribute to China's economic transformation, Zhao said.CSR, a state-owned company with more than 80,000 employees, produces about 70 percent of all high-speed trains China.

JINAN, Dec. 21 (Xinhua) -- China and the Republic of Korea (ROK)Tuesday launched a joint land and sea transport services in a bid to cut logistics costs and boost trade.Semi-trailers loaded with cargo can now be shipped between Qingdao, Rizhao, Yantai, Weihai, Longyan and Shidao in the eastern Chinese province of Shandong and Incheon, Pyungtack and Kunsan in the ROK.The service can cut transport time by 3.5 hours and reduce costs by 50 U.S. dollars per container, as trailers can be driven directly to customers without unloading and loading, according to the ROK's Transport Research Institute.The service is expected to boost the shipments of fresh vegetables, live fish and other fragile products such as glass and electronics.Gao Hongtao, deputy director of the Shandong Provincial Transportation Bureau, said that with continuous oxygen charging and temperature control, the service can increase by 10 percent the survival rate of live fish exported from Weihai to the ROK.The two countries would later allow trucks to be shipped, according to an agreement they signed in September. The ports might also later include locations such as northeast China's Liaoning Province, according to Ju Chengzhi, director of the international cooperation department with China's Ministry of Transport.This year marks the 20th year since the launching of cargo, passenger and container sea transport services between China and the ROK. China has become the ROK's largest trading partner, both as its largest importer and exporter.