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BEIJING, Nov. 23 (Xinhua) -- China said on Tuesday it would punish six companies, including affiliates of the country's two oil giants, for selling diesel above the state-set prices, in an effort to ease the diesel shortage and keep soaring prices in check.The companies, including Sinopec's units in Wuhan and Luoyang, and PetroChina's Wuhan unit, were selling diesel at prices as high as 8 percent above the government set price, according to a statement posted on the website of National Development and Reform Commission (NDRC), the country's top economic planner.These companies also included local refineries and oil dealers in Shaanxi, Shandong and Jiangsu provinces and according to the NDRC, the acts have exacerbated the diesel shortage and disrupted market order.The commission urged local authorities to seize the illicit revenue from above-ceiling sales and fine the companies up to five-times of their income.To relieve domestic diesel shortages, both Sinopec and PetroChina are increasing diesel imports, while Sinopec said last week it had even suspended diesel exports.According to customs statistics, China's diesel imports in October rose to 400,000 tonnes, surging 60 percent compared with that in September.
AMMAN, Dec. 25 (Xinhua) -- Jordan and China on Saturday signed an economic and technical cooperation agreement under which China provides the Arab kingdom with 4.5 million U.S. dollars to implement development projects.The agreement was signed by Jordan's Minister of Planning and International Cooperation Jafar Hassan and China's Deputy Minister of Commerce Chen Jian, who was in Jordan for an official visit.Hassan commended the bilateral distinguished tie, voicing thanking and appreciation for the grant from the Chinese government, according to a statement issued by the ministry.The minister stressed Jordan' keenness to develop ties with China, adding that the bilateral ties witness distinguished development in all political, economic and cultural fields.The minister added that the signing of the agreement represents the two countries' keenness to foster bilateral ties in different fields, especially in light of current regional and international circumstances.The Chinese official expressed China's commitment to continue to provide technical and financial support to Jordan in different fields.According to the ministry, China's support to Jordan in loans and grants from 2009 to2010 stood at 119.5 million U.S. dollars.

GABORONE, Nov. 20 (Xinhua) -- Chinese Vice President Xi Jinping arrived in Gaborone on Saturday, kicking off his official visit to Botswana.Xi made the visit as a guest of Botswana's Vice President Mompati Merafhe who came to the airport to receive Xi.In his written speech, Xi said Botswana boasts beautiful scenery and has scored marked achievements in securing national unity and economic development.Xi said the China-Botswana relationship is very profound, noting that bilateral friendly cooperation ties have seen smooth and healthy expansion, which benefit the peoples from the two sides.Xi said his current visit is aimed to further consolidate traditional friendship between the two, increase mutual political trust and explore mutual cooperation."I'm looking forward to meeting leaders of Botswana and exchanging views with them on bilateral relations and other issues of common concern," he said.He also said he believed his visit would be a success.Botswana is the final leg of Xi's four-nation trip to Asia and Africa.In 1975, China and Botswana established the diplomatic relations.
YOKOHAMA, Japan, Nov. 13 (Xinhua) -- Chinese President Hu Jintao put forward a proposal for promoting economic growth in the region at the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum here on Saturday.At a separate session of business leaders, Hu urged the international community to fully appreciate the difficulties and challenges of emerging markets while acknowledging their contribution to world development.China is firmly committed to peaceful development, and strives for common development of all nations while pursuing its own, he said.The Chinese president also met Japanese Prime Minister Naoto Kan on the sidelines of the APEC meeting.Chinese President Hu Jintao attends the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) in Yokohama, Japan, Nov.13, 2010.PROPOSAL FOR PROMOTING GTOWTH IN ASIA-PACIFICHu put forward the proposal for promoting sound and fast economic growth in the Asia-Pacific region after the meeting opened in the afternoon.In the five-point proposal, Hu firstly called on the APEC economies to promote balanced growth to facilitate long-term economic development.They should should seek balanced growth both within a member economy and among all member economies, he said."We should increase input to help developing members achieve their full potential and narrow the North-South gap," Hu said.He called on APEC members to move toward a more rational division of labor, a more balanced financial and trade structure, more efficient allocation of resources and more equitable sharing of benefits.Secondly, Hu said the APEC members should advocate inclusive growth to boost the internal dynamism of economic development."The aim is to get people involved in development, protect their interests and enable them to benefit from development," he said.Thirdly, Hu called on the APEC members to bolster sustainable growth.He proposed that China hold the first APEC Forestry Ministerial Meeting to advance region-wide cooperation on forestry. He also called for closer cooperation on the APEC Low-Carbon Model Town Project.Fourthly, Hu said it was necessary to encourage innovative growth.The president asked the APEC members to facilitate the cultivation and movement of innovative and high-skilled people, who could provide strong human capital and scientific and technological support for economic development, and promote a shift toward innovation-driven growth."Developed members of APEC should scale up technology transfer and help developing members build capacity for innovative growth," Hu said.Fifthly, Hu said APEC members should work to ensure secure growth to protect the results of economic development, calling for furthering exchanges and cooperation in counter-terrorism, disaster prevention and reduction, food security, energy and resources security and public health.The annual Economic Leaders' Meeting is the top decision-making body of the APEC forum. The theme for this year's meeting is "Change and Action."
ISLAMABAD, Dec. 19 (Xinhua) -- Chinese Premier Wen Jiabao's latest visit to Pakistan will further enhance the all-weather strategic relationship between the two countries, Pakistani media said Sunday.Pakistan's media gave extensive coverage to Wen's visit. They made special reports highlighting various aspects of the China-Pakistan friendship and the assistance of both countries extended to each other in disaster management.The strategic partnership will be advanced as a package of agreements were signed during Wen's three-day visit, the official news agency Associated Press of Pakistan (APP) reported."Chinese support for the youth mobilization, reconstruction plan for flood affected people and strengthening of economic ties are laudable steps which will directly benefit the people of Pakistan," Pakistani federal minister for women development Firdous Ashiq Awan told APP.Wen's visit has opened a new chapter in bilateral ties, she added.China extended full support to Pakistan's sovereignty, security and political integrity besides extending strong support in economic cooperation, Foreign Secretary Salman Bashir was quoted as saying by local newspaper Daily Times.Pakistan and China signed a series of agreements to cement the pragmatic economic and trade cooperation, which will take the bilateral political trust and understanding to a new high, DAWN newspaper reported.Tariq Puri, chief executive of the Trade Development Authority of Pakistan, told DAWN that there was great scope for consolidating trade between the two countries, adding the current business summit would definitely pave the way for its increasing.The visit of Chinese premier to Pakistan will bolster confidence in facing current challenges, international affairs experts told local media.The visit would send a reassuring signal to Pakistan, which is surrounded by a host of problems, challenges and difficulties. Over the decades, China has been a trusted and reliable friend of Pakistan and has been always ready to help it when in need, Riffat Hussain, head of the department of Defense and Strategic Studies of the Quaid-e-Azam University was quoted as saying by APP.Premier Wen left Islamabad for home on Sunday after rounding off the three-day visit to Pakistan.
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