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WASHINGTON, April 30 (Xinhua) -- U.S. Secretary of State Hillary Clinton on Friday celebrated here the opening of U.S. Pavilion in 2010 Shanghai World Expo, which kicked off with a grand opening ceremony earlier in the day.Clinton invited business leaders to attend the reception, which featured a live feed from the Pavilion in Shanghai. She said the Pavilion promotes a "people to people connection" between the United States and China, which is "the base of a long-lasting relationship."Clinton thanked corporate partners for their participation, saying the pavilion is not only a partnership between China and the United States, but also a partnership between the U.S. government and the country's corporations.U.S. law forbids using federal money to participate in World Expo. In order to have a presence in the Expo, Clinton committed her "personal prestige" and helped to raise funds for the Pavilion, according to Jose Villarreal, commissioner general of the U.S. exhibition.In all, about 50 corporations became sponsors of the U.S. Pavilion. Deloitte's CEO of Federal Government Services Robin Lineberger said becoming a sponsor can help raise the company's profile.Destination management company Pacific World's North America President Jane Schuldt said the company is providing logistics services for the exhibition and all other sponsors, and as its major clients in the American business world go to the Expo, it went too.When the company "had an opportunity to stand up and support the USA Pavilion ... it seemed exactly the appropriate step to take and support to be given," she said.

GOTEBORG, Sweden, March 28 (Xinhua) -- China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. here Sunday to acquire the U.S. auto giant's Volvo car unit.Under the definitive stock purchase deal, Geely will own 100 percent of Volvo Cars and its related assets.The agreement was inked by Li Shufu, founder and chairman of Geely, and Lewis Booth, chief financial officer of Ford, at a ceremony at the headquarters of Volvo in Goteborg, the second largest city of Sweden. Geely Chairman Li Shufu attends a press conference after the signing ceremony in Goteborg of Sweden, March 28, 2010. China's Zhejiang Geely Holding Group signed a deal with Ford Motor Co. here on Sunday on the takeover of Sweden's Volvo Cars.The ceremony was witnessed by Li Yizhong, China's minister of industry and information technology, and Maud Olofsson, Swedish deputy prime minister and minister for enterprise and energy.The agreement provides a solid foundation for Volvo to continue to build its business under Geely's ownership, said Booth at the ceremony."China, the largest car market in the world, will become Volvo's second home market. Volvo will be uniquely-positioned as a world-leading premium brand, tapping into the opportunities in the fast-growing China market," said Li.Geely has secured all necessary financing to complete the transaction, he said, adding that Geely intends to preserve Volvo Cars'existing manufacturing facilities in Sweden and Belgium, and explore opportunities to manufacture Volvo vehicles in China for the local market. Geely Chairman Li Shufu (FRONT L) shakes hands with CFO of Ford Motor Company, Lewis Booth (FRONT R) after signing a deal in Goteborg of Sweden, March 28, 2010. China's Zhejiang Geely Holding Group signed a deal with Ford Motor Co. here on Sunday on the takeover of Sweden's Volvo Cars.Li promised that Geely will maintain the strong collaborative relations that Volvo has built with employees, unions, suppliers, dealers and above all, customers.Volvo Cars will eventually become a separate company with its own management team based in Goteborg and a new board of directors, he told reporters after the ceremony.Volvo, which has about 22,000 workers around the world including 16,000 in Sweden, was purchased by Ford in 1999 for about 6.4 billion dollars.But Ford has been attempting to sell Volvo since late 2008, due to its poor market performance. Geely was named as the preferred bidder for the Swedish subsidiary in October 2009.Geely, which started to manufacture cars in 1998, is a major private automaker in China, with its headquarters based in southeast China's Zhejiang province. Geely Holding Group is the parent company of Geely Automobile Holdings.Besides Ford, some other Western auto giants are also seeking buyers in China. Beijing Automotive Industry Holdings has agreed to buy some powertrain technology from General Motors Co.'s Swedish Saab unit. 

BEIJING, May 10 (Xinhua) -- The energy intensity of China's centrally-administered state-owned enterprises fell close to government targets from 2005 to 2009, a senior SOE administrator said Monday.The level of energy consumption per 10,000 yuan of output value was down 15.1 percent over the five-year period, said Li Rongrong, director of the State-owned Assets Supervision and Administration Commission (SASAC).Combined investment in energy-efficient and emissions reduction projects by centrally-administrated SOEs totaled 87.84 billion yuan (12.9 billion U.S. dollars) in 2009, said Li.This helped reduce sulfur dioxide emissions per 10,000 yuan of output value by 36.8 percent and chemical oxygen demand by 33 percent compared with 2005 levels, said Li.Enterprises executives who performed poorly in promoting energy conservation and emissions reductions, would be held for responsible by the SASAC, said Li.But he did not explain what would be considered a "poor" performance nor what penalties would be enforced.Under China's 11th five-year plan (2006-2010), the centrally-administered SOEs are expected to reduce energy intensity by 20 percent by the end of 2010 from 2005.By the end of 2009, China had 131 centrally-administered SOEs, many of them leading companies in highly polluting industries, including petrochemicals, steel, power generation, and non-ferrous metals industries.

ISLAMABAD, March 30 (Xinhua) -- A Chinese embassy official Tuesday called on an official of the Pakistan Red Crescent Society (PRCS) to donate 30,000 U.S. dollars on behalf of the China Red Cross Society (CRCS) to assist the residents affected by the landslide in northern Pakistan early this year.Muhammad Ilyas Khan, PRCS secretary general, asked Yao Jing, counselor of the Chinese embassy to Pakistan, to convey his appreciation to the CRCS for its generous donation to Hunza, Gilgit-Baltistan due to the landslide in January, 2010.He said that Chinese friends always extend assistance to Pakistan in difficult times and Pakistan is proud of its friendship with China.At present, the local government and PRCS are working hard to provide relief to the villages. The government is also trying to control the damage and tackle with the challenge caused by the lake in the area.On January 4, a serious landslide occurred in Gilgit-Baltistan and formed a huge barrier lake. The slide blocked over 20,000 local residents in Upper Hunza from outside. The Pakistani government is conducting the rescue and relief work . On January 19, at the request of the Pakistani government, the Chinese side made special arrangements to open the Kunjirap border and facilitate the purchase of relief goods from China and its clearance.The China Road and Bridge Corporation, which is conducting the project of upgradation of the Karakoram Highway, has also provided engineering consultations and equipment to help the Pakistani side to deal with the problem.

NINGBO, Zhejiang, May 16 (Xinhua) -- Internet of Things (IOT) -- which refers to digital networks of physical objects -- has huge potentials but many challenges lie ahead, said scientists, entrepreneurs and government officials on Sunday.IOT has become a catchword for those at the Information and Communication Technology and Urban Development Forum held in east China's coastal Ningbo this weekend on the sidelines of the Shanghai Expo; from ministers to mayors, scientists to entrepreneurs, keynote speakers to audiences.China should accelerate the development of the IOT industry so as to create a new platform for economic growth, said Li Yizhong, Minister of Industry and Information Technology in his opening speech to the forum.The first theme forum of the Shanghai World Expo is closed in Ningbo, a coastal city of east China's Zhejiang Province, May 16, 2010. The two-day forum focusing on information and communication technologies (ICT) and urban development attracted over 600 participants including renowned scholars and entrepreneurs.Minister Li's words were echoed by Zhao Hongzhu, communist party chief of Zhejiang Province, who called for more efforts to develop such key concepts as IOT, which, in his words, "present a brilliant future for urban life."In what's called Internet of Things, networks of real-world objects are linked to the Internet and interact through web services. As more objects are embedded with sensors, giving them the ability to communicate, and networked together, the possibilities are enormous, potentially resulting in new business models, improved business processes and reduced costs and risks, according to a March 2010 report by McKinsey & Co..

来源：资阳报