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"ROK companies used to invest in labor-intensive industries in China. But now, they are shifting to high-end manufacturing and modern services," said Wang Lin, an investment promotion official in Yantai City.

BEIJING, Dec. 5 (Xinhua) -- African politicians and scholars commended the speech delivered by Chinese President Xi Jinping at the Forum on China-Africa Cooperation (FOCAC) in Johannesburg, saying it charted the course for the future development of China-Africa cooperation.

Referring to the proposal on China's 13th Five-Year Plan (2016-2020), Xi said China will step up reform and innovation, accelerate the shift of growth model and economic restructuring, address the difficult issues in development, cultivate new drivers and new edges for development, and create more fresh opportunities for development.

China now stands as the ROK's largest trading partner and largest source of import while ROK is China's third most important trading partner. Their trade volume is expected to reach 300 billion U.S. dollars this year, a 60-fold increase over the past 20-plus years.

BAMAKO, Nov. 20 (Xinhua) -- A luxury hotel in central Bamako, the Malian capital was attacked Friday morning by unidentified individuals, seizing 170 guests and staff, said the group runs the hotel.