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YAOUNDE, Jan. 15 (Xinhua) -- Visiting Chinese Vice Premier Hui Liangyu has agreed with Cameroon's President Paul Biya during a meeting here on Thursday that the two countries should expand cooperation and further promote bilateral relations.During their meeting, Hui said since the establishment of diplomatic ties between China and Cameroon 40 years ago, the two countries have treated each other equally, friendly and with mutual trust. Both countries showed firm support regarding each other's core interests.In recent years, China and Cameroon have accelerated cooperation in such realms as trade and commerce, cultural and educational exchanges, bringing real benefits for the two peoples and providing new impetus for the development of bilateral relations, Hui said.The vice premier noted that the China-Cameroon friendly cooperation are embracing new opportunities and the potential will be huge for the two countries in expanding friendly cooperation.He said China is willing to join hands with Cameroon in increasing friendly exchanges, improving political mutual trust, expanding bilateral cooperation and promoting the friendly and cooperative ties to a new height.For his part, President Biya said in the past 40 years, Cameroon and China have carried out a series of cooperation in areas like agriculture and infrastructure construction on the basis of mutual benefit, and such cooperation has made great achievements.As Cameroon is making her new development strategies, the president expressed hope that China can further step up cooperation with and support for Cameroon, and become a strategic partner with Cameroon.The two sides also exchanged views on China-Africa cooperation. Hui said in the past decade, within the framework of the China- Africa Cooperation Forum, China and Africa have enhanced political mutual trust, stepped up support for each other, deepened bilateral cooperation and exchanges as well as further developed their new type of strategic partnership.President Biya noted that as cooperation continuously strengthens with China in the past years, Africa's position in the international arena has been improved, and investments to African countries have also been boosted.Biya said that African countries in general are optimistic about the future of Africa-China cooperation.

BEIJING, Dec. 26 (Xinhua) -- With the New Year and China's Spring Festival approaching, China will improve efforts to stabilize prices and ensure abundant supply of essential commodities, according to an official circular issued Sunday.Cracking down on price speculation and related market manipulation should be high on agenda of governments at all levels, according to the circular issued jointly by the General Offices of the Communist Party of China (CPC) Central Committee and the State Council, or China's Cabinet.The circular also urged for improved supervision on the food and medicine market and demanded work concerning water, power, oil, gas and heating supplies to be handled well.It called on related departments to distribute subsidies for low-income groups in a timely way and make arrangements to help people, especially those in disasters-hit areas, to get through the winter with enough supply of necessities.Party and governmental organs should abstain from extravagance and embezzlement of public fund must be strictly prohibited, it said, ordering discipline inspection authorities, auditing agencies and finance departments to enhance supervision.According to the circular, special inspection campaigns will be launched in sectors, including mining, transportation, construction, and fireworks manufacturing, to tighten safety measures and prevent accidents.Stressing security in passenger transportation, the circular said cargo overloading, using fatigued operators or running unlicensed transportation operations are prohibited.It further called for efforts to safeguard social order and to combat violent and mafia-style crimes, property embezzlement and economic crimes.

BEIJING, Jan. 9 (Xinhua) -- Lei Jieqiong, a founder and former leader of the China Association for Promoting Democracy (CAPD), died of illness in Beijing on Sunday. She was 106.Lei, with a master's degree from the University of Southern California, was also a well-known law and sociology scholar as well as a famous educator.Photo of Lei Jieqiong.She was chairwoman of the 7th to 9th Central Committee of the CAPD, and honorary president of the 10th and 11th CAPD Central Committee.A close friend of the Communist Party of China, Lei served as vice chairperson of the 6th National Committee of the Chinese People's Political Consultative Conference, and vice chairperson of the standing committees of the 7th and 8th National People's Congress.

BEIJING, Dec. 12 (Xinhua) -- Chinese Premier Wen Jiabao will pay official visits to India and Pakistan from Dec. 15 to 19 at the invitation of Indian Prime Minister Manmohan Singh and Pakistani Prime Minister Yousuf Raza Gilani, Chinese Foreign Ministry spokesperson Jiang Yu announced Sunday.Wen will meet and exchange views with leaders of the two countries during the visits on bilateral relations and cooperation as well as international and regional issues of common concern, Jiang said.During his visit to India, Wen will attend activities marking the 60th anniversary of the China-India diplomatic ties with Prime Minister Singh, and meet with Indian people from all circles, Jiang said.In Pakistan, Wen will attend the China-Pakistan business summit and meet friends who have contributed to the friendship of the two countries."I believe Premier Wen's visits will help further China's relations with the two countries and promote regional peace, development and stability," said Jiang.

BEIJING, Nov. 26 (Xinhuanet) -- The Shanghai municipal government is making moves to enhance its mergers and acquisitions (M&As) market, a move in tune with the cosmopolitan city's ambition to make itself a global financial hub by 2020.The city will initially actively propel the construction of its financial market and M&A-related auxiliary services, especially the agents who facilitate deals, to aid these activities, said Shanghai Vice-Mayor Tu Guangshao on Thursday.He said the local government is also considering setting up a China Mergers and Acquisitions Association in Shanghai.Meanwhile, plans to open an M&A museum are also in the pipeline to help create an M&A culture in the city."We've made concrete efforts to encourage benign conditions to allow these plans to materialize," Tu said.The M&A market, in turn, will help catalyze improvements in the city's financial market functions, structures, and systems, as well as boosting badly needed adjustments to its economic structure. This will help Shanghai further speed up its plans to become a global financial center by 2020, an ambition which was approved by the State Council in March 2009.According to figures from the Shanghai headquarters of the People's Bank of China (PBOC), there are 11 financial institutions running M&A loan businesses in the city, lending more than 10 billion yuan (.5 billion) during the first seven months of this year.The central government in September issued guidelines on the promotion of enterprise M&A in six major industries, including automobiles and cement, to accelerate cross-border corporate restructuring and cater for the nation's aim of rebalancing the economy as the 12th Five-Year Plan (2011-2015) approaches."We should increase support for cross-border M&A activities, which is of great significance to China's economy and will help stimulate the Asian economic recovery," said Su Ning, board chairman of China UnionPay, the country's only credit card network.The former vice-governor of the PBOC also urged more private firms, which have actively sought areas of overseas expansion, to participate in cross-border deals using their extensive capital resources.China's private economy accounts for more than half of the nation's gross domestic product, according to Huang Mengfu, vice-chairman of Chinese People's Political Consultative Conference. "Active private investment, as such, is pivotal to the nation's economic development the non-State economy will certainly replace investment by State-owned firms as a driving force to boost the Chinese economy after the financial crisis," said Huang, who also serves as chairman of All-China Federation of Industry and Commerce.Privately owned auto maker Zhejiang Geely Holding Group in August completed its .8 billion acquisition of a stake in Volvo Car Corporation, a move which emphasizes the desire of China's cash-rich private companies to make acquisitions abroad.In addition, industry experts said that financial institutions should develop more financial innovations to supply China's overseas acquisition wave, and encourage more private equity funds to participate in cross-border deals, rather than simply focusing on pre-Initial Public Offering projects.