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BEIJING, Oct. 30 (Xinhua) -- Chinese Vice President Xi Jinping said here Friday that members of the Communist Party of China (CPC) should better comprehend the Scientific Outlook on Development and use it to guide their work. Xi, who is also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, called for intensified efforts of CPC members to study the gist of the recently concluded Fourth Plenary Session of the 17th CPC Central Committee and incorporate the requirements of Scientific Outlook on Development into daily work and life. Xi made the remarks at a meeting on further studying and implementing the Scientific Outlook on Development. The Scientific Outlook on Development stresses people-oriented, comprehensive, coordinated and sustainable economic and social development. The Fourth Plenary Session of the 17th CPC Central Committee, which concluded on Sept. 18, decided to expand democracy within the Party and further fight corruption.
SHANGHAI, Nov. 23 (Xinhua) -- Baosteel Group, China's leading steelmaker, announced on Monday its acquisition of 15 percent stake in Aquila Resources, an Australian iron ore and coal company. The 286 million Australian dollar purchase (265 million U.S. dollars) has made Baosteel the second largest shareholder of Aquila, said the Chinese company based in Shanghai. The transaction is an important strategy for Baosteel's overseas expansion by securing long-term supply of critical raw materials for its steel making business, said the company. The deal will help the Australian company source low-cost financing from Chinese institutions to support its projects. Tony Poli, executive chairman of Aquila said on the company website, "The company now looks forward to developing its relations with Baosteel to the mutual benefit of both companies." The deal was approved on November 13 by China's top economic regulator, the National Development and Reform Commission (NDRC), and it was Baosteel's first large strategic investment in a foreign public company. The two companies signed an agreement on the acquisition in August this year and got nod in October by Australia's Foreign Investment Review Board (FIRB), which limited Baosteel's stake in the Australian company to the utmost 19.9 percent. Under the terms of the deal, Dai Zhihao, a vice president of Baosteel, will step in as a board member of the Australian coalminer.
PARIS, Nov. 24 (Xinhua) -- The preparation for the 2010 Shanghai Expo has proceeded into exhibits arrangements and service operation as site constructions are mostly completed, China's representatives of Executive Committee of the Shanghai Expo announced here Tuesday in its last report of progress in the 146thGeneral Assembly of the Bureau of International Exhibition (BIE). With less than six months ahead of the 2010 Shanghai Expo, all preparation on construction and operation are underway smoothly as scheduled, said Yang Xiong, the deputy director of the executive committee for Shanghai Expo and vice mayor of Shanghai. Transportation infrastructures inside and outside the Expo site will basically finished by the year end and put into use by the end of next March. Supporting public utilities such as medical treatment, drinking water and communication are also steadily in progress, the report said. Five permanent structures, namely China Pavilion, Performance Center, Expo Center Theme Pavilion and Expo Boulevard will be completed by the year ends. Twenty-six out of the 42 self-built pavilions of foreign participants have completed their structure and 37 out of 42 rented pavilions were accomplished. All the 11 joint pavilions have been completed by now. By Dec. 1, over 3,400 rooms in apartments in the Expo Village and service apartments in the surrounding areas will be put into service, and the number will reach 6,700 at the end of the year and 7,100 by the end of next March, the report said. "As major parts of the construction work has finished, we have shifted our focus to operation, such as service, exhibits arrangement and further design and organization of events and forums," Yang told Xinhua. During the grand cultural events, about 20,000 sessions of various performances will be staged. To date, 200 countries and international organizations have submitted application for National Day and Honor Day events, totaling 633 performances. The Expo is not only a carnival for China, but also a showcase for worldwide extraordinary culture and innovations. "The success of World Expo 2010 is bound to help rebuild the global confidence in economic development, and further promote international exchange and cooperation," said Wang Jinzhen, chief delegate of China to the BIE. To provide better service for foreign participants, four management departments has formed with professionals and experts to be deployed in different zones to improve on-spot service. Additionally, during the Expo, about 200,000 volunteers selected from current 500,000 applications will offer services in the sites, on city streets, at airports and docks for visitors from across the world. Chinese delegation issued invitation to friends all over the world at the assembly. "I think their preparations (for the Shanghai Expo) are progressing very very well," Secretary General of the BIE Vicente Loscertales told Xinhua. "The thing we have to do is to finish the preparation on time and open our doors on May 1 to the whole world, in which I have total and utter confidence."
CANBERRA, Oct. 30 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang met here Friday with Australian Prime Minister Kevin Rudd to discuss the development of relations between their two countries and issues of common concern. At the meeting, Li said that a healthy and stable China-Australia relationship was beneficial to the core interests of the two peoples and would therefore help promote stability and prosperity in the region and the world as a whole. Australian Prime Minister Kevin Rudd (L) meets with visiting Chinese Vice Premier Li Keqiang in Canberra, capital of Australia, Oct. 30, 2009As two important nations in the Asia-Pacific region, China and Australia shared a wide range of common interests and solid ground for cooperation, either in maintaining regional peace and stability or in driving regional and global economic growth, and dealing with international challenges, Li said. Stressing dialogue, coordination and cooperation were crucial for bilateral relations, the vice premier said both nations need to adhere to a strategic and long-term perspective to deal with bilateral ties. Only by joint efforts could the two sides achieve common progress, he said. Australian Prime Minister Kevin Rudd (3rd R) meets with visiting Chinese Vice Premier Li Keqiang (2nd L) in Canberra, capital of Australia, Oct. 30, 2009Noting that China and Australia have complementary economies, Li said China hopes Australia will always stick to an open and non-discriminatory policy towards Chinese investment in Australia. Furthermore, Li said, the two governments need to forge a friendly policy environment for business from both nations to conduct mutually beneficial cooperation. On international cooperation, Li said China seeks to continue communication and coordination with Australia within multilateral cooperation mechanisms such as the United Nations, G20, APEC, East Asia Summit and the Pacific Islands Forum. Speaking at the meeting, Rudd congratulated China on the 60th anniversary of the founding of the People's Republic of China and for what the Chinese people has achieved in the past 60 years. Rudd said he is optimistic about the future of the Australian-Chinese relationship and willing to view those relations in the long run. China is very important to Australia's future and Australia is also very important to China's future, the prime minister said, adding that the two sides should bring their relations to a new high based on the solid foundation achieved in the past. Rudd said he and Li have agreed to develop more contacts at a government level in the future. Rudd said Australia, which understands China's long-term demand of resources and energy, is willing to be a strategic partner with China in this regard. He also reiterated that Australia adopted an open and nondiscriminatory policy towards investments from China.
BEIJING, Nov. 25 (Xinhua) -- An awarding ceremony was held here Wednesday to honor 214 outstanding demobilized soldiers in the country. President Hu Jintao, Premier Wen Jiabao and Li Changchun, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, met with the retired servicemen at the Great Hall of the People and congratulated them on their achievements. Chinese leaders Hu Jintao (R Front), Wen Jiabao (2nd R) and Li Changchun (1st R) meet with demobilized soldiers who will receive awards prior to an awarding ceremony held at the Great Hall of the People in Beijing, capital of China, Nov. 25, 2009. Vice Premier Hui Liangyu delivered a speech at the ceremony, in which he hailed the demobilized soldiers as the treasures of the country. They played an important role in boosting the modernization drive, Hui said. Hui urged all retired servicemen to make greater contribution to the country's economic development and social stability.