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ASTANA, June 12 (Xinhua) -- Chinese President Hu Jintao wrapped up his Central Asia trip Saturday after visiting Uzbekistan and Kazakhstan, and attending a Shanghai Cooperation Organization (SCO) summit in the Uzbek capital, Tashkent.Hu started his trip Wednesday in Tashkent, where he and his Uzbek counterpart Islam Karimov exchanged views on the current situation and prospects of bilateral ties as well as international and regional issues of common concern.The two leaders signed a joint statement on the further development of the friendly and cooperative partnership between China and Uzbekistan. Chinese President Hu Jintao (7th L) and other participants of the Shanghai Cooperation Organization (SCO) summit pose for a group photo in Tashkent, capital of Uzbekistan, on June 11, 2010Hu and other SCO leaders met in Tashkent on Friday for the annual SCO summit. They discussed strategies for safeguarding security and stability, and increasing pragmatic cooperation in the region.At the summit, Hu delivered an important speech, calling for deepening practical cooperation and maintaining peace and stability in the region. He also put forward a series of proposals for intensifying cooperation within the SCO framework.Founded in 2001, the SCO consists of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Mongolia, India, Pakistan and Iran have observer status.From Tashkent, Hu travelled to Astana for his second visit to Kazakhstan in six months. He paid a working visit to the Central Asian country last December.In Astana, Hu and his Kazakh counterpart, Nursultan Nazarbayev, discussed ways to advance the China-Kazakhstan relations and enhance pragmatic cooperation. They also exchanged views on international and regional issues of common concern.Political analysts say Hu's Central Asia trip is conducive to promoting the SCO's sustained, healthy and stable development and strengthening China's ties with Uzbekistan and Kazakhstan.

LONDON, Aug. 2 (Xinhua) -- Chinese automaker Geely has completed the acquisition of Volvo Car Corporation from Ford in London.Geely Chairman Li Shufu and Lewis Booth, Ford's chief financial officer (CFO) attended a signing ceremony in London on Monday."This is a historic day for Geely, which is extremely proud to have acquired Volvo Cars," said Li."The signing and completion of this acquisition reflects the commitment of Ford and Volvo executives to the future of this company, along with the vital efforts of union representatives and government officials in Sweden, Belgium and China as well as other relevant countries," said Li."This famous Swedish premium brand will remain true to its core values of safety, quality, environmental care and modern Scandinavian design as it strengthens the existing European and North American markets and expands its presence in China and other emerging markets," he added.Geely named Stefan Jacoby, chief executive of Volkswagen Group of America, as president and chief executive officer of Volvo Cars.Jacoby said: "I am honored to join a company with the prestige and growth potential of Volvo. Our employees, suppliers, dealers, and above all our customers, can be confident that Volvo will preserve its special status as the industry leader in vehicle safety and innovation, even as it pursues new market opportunities."Jacoby will join the board of Volvo Cars, chaired by Geely chairman Li. The board comprises several new directors including Hans-Olov Olsson, former president and chief executive of Volvo Cars and former chief marketing officer of Ford, who will become vice chairman of the board.Hans-Oskarsson, deputy chief financial officer, will replace Stuart Rowley as the CFO of Volvo Cars. Rowley and former Volvo president and chief executive Stephen Odell are moving to leadership roles at Ford of Europe.Geely paid 1.3 billion U.S. dollars in cash plus a 200-million-dollar note, less than the price worth 1.8 billion dollars announced in March due to changes in pension obligations and working capital.Under the new ownership, Volvo Cars will keep its headquarters and manufacturing presence in Sweden and Belgium, and its board will have autonomy to execute its strategic plan. Volvo and Ford will maintain close relations in component supply.

TASHKENT, June 9 (Xinhua) -- Chinese President Hu Jintao on Wednesday pledged efforts to enhance cooperation with Uzbekistan when meeting here with his Uzbek counterpart Islam Karimov.The two leaders also exchanged views on prospects of bilateral ties and on international and regional issues of common concern.Hu hailed the development of Sino-Uzbek ties since the two countries announced the establishment of friendly and cooperative partnership in 2004.China highly appreciates Uzbekistan's continued and firm support in issues concerning China's core interests, said Hu. China respects the independence and sovereignty of Uzbekistan, and will as always back its efforts in safeguarding stability, developing its economy and improving people's livelihoods, Hu added.Chinese President Hu Jintao (L) meets with Uzbekistan's President Islam Karimov in Tashkent, June 9, 2010. Hu noted that China has always attached great importance to developing Sino-Uzbek relations and has taken as guiding principles long-term friendship, mutual respect, mutual trust, and equality and mutual benefit.China will not alter its stance despite changes in international and regional situations, Hu said.The Chinese leader meanwhile put forward a six-point proposal for enhancing the friendly and cooperative partnership with Uzbekistan.He said that, first of all, the two countries should maintain high-level contacts to boost mutual understanding, including exchanges between heads of state, between parliaments, governments and political parties.Secondly, China and Uzbekistan should enhance energy cooperation. Both sides should well implement the Uzbekistan-China natural gas pipeline project, boost cooperation in oil and gas exploration and development, and speed up cooperation in minerals, Hu said.Thirdly, the two countries should expand cooperation in new sectors, particularly in high technology and new technology, and work to establish a long-term trading partnership, Hu said.Fourthly, the two countries should deepen security cooperation and take severe measures against the "three evil forces" of terrorism, separatism and extremism. Law enforcement and security departments in both countries should continue to boost two-way cooperation as well as cooperation in the framework of the Shanghai Cooperation Organization (SCO) to safeguard peace, stability and security of the two countries and of the region, Hu said.Fifthly, the two countries should also strengthen people-to-people and cultural exchanges to consolidate the foundation for friendship, said Hu, who welcomed more Uzbek students to study in China.Sixthly, Hu urged both sides to intensify multilateral coordination so as to safeguard the two countries' common interests.The Chinese president spoke highly of Uzbekistan's efforts in deepening cooperation among SCO member countries, enhancing the internal construction of the organization and boosting the organization's international status during its SCO presidency.For his part, Karimov hailed Hu's visit on the eve of an annual SCO summit as an important event in Uzbekistan-China relations and a milestone in the development of the friendly and cooperative partnership between the two countries.

BEIJING, July 22 (Xinhua) -- The central parity rate of the yuan, China's currency Renminbi (RMB), weakened to 6.7859 per U.S. dollar Thursday from 6.7802 per U.S. dollar Wednesday, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.

ZHOUQU, Gansu, Aug. 19 (Xinhua)-- More than 1,700 mudslide evacuees presently residing at schools in Zhouqu county of northwest China's Gansu Province are to be relocated as students will start the new semester soon, local authorities said Thursday.More than 400 households, altogether over 1,700 people, will be moved to Shachuan Village, in western of the mudslides-leveled county, said Yang Jianguo, head of the Civil Affairs Bureau of Gannan Tibetan Autonomous Prefecture which administers Zhouqu.The people are now living in dormitories and classrooms of three local schools, namely No.1 High School, No.1 Junior High and No. 3 Junior High. With students coming back from their summer vacation, the schools could no longer be used as settlement areas.More than one thousand tents will be erected at the new settlement zone covering an area of 67 mu (4.5 hectares), with three tents for each family, said Yang."They probably will have to spend the winter there so winter tents will be used," said Yang.The devastating mudslides which hit on Aug. 8 have claimed 1,364 lives with 401 people still missing as of 4 p.m. Thursday.Work crews will level the ground, ensure water and electricity supply and build lavatories from Aug. 21 to 23. They will start setting up tents on Aug. 24, said Yang.The new semester for junior school students and pupils will begin on Aug. 25 and senior high students will be transferred to other cities in the province, and start the new semester in early September.