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BEIJING, Dec. 10 (Xinhua) -- Ruling parties of China and Japan on Thursday pledged to deepen trust and work together for a stronger strategic relationship of mutual benefit between the two countries.     The pledge came out of a meeting between Chinese President Hu Jintao and Secretary General of the Democratic Party of Japan (DPJ) Ichiro Ozawa in Beijing on Thursday afternoon. Ozawa is leading a delegation of 600-strong members, including 146 DPJ lawmakers from the upper and lower houses of the Japanese Diet, for a four-day visit in Beijing. Chinese President Hu Jintao (R) meets with Secretary General of the Democratic Party of Japan (DPJ) Ichiro Ozawa in Beijing, capital of China, Dec. 10, 2009. Ozawa led a delegation of 600-strong members for a four-day visit in Beijing    The group is the first DPJ-led delegation to China since the DPJ came to power in September.     Hu started the meeting by calling Ozawa "an old friend of the Chinese people who visited China many times and made important contribution to bilateral relations." Chinese President Hu Jintao (R) shakes hands with members of a delegation led by Ichiro Ozawa, secretary general of the Democratic Party of Japan (DPJ), in Beijing, capital of China, Dec. 10, 2009.This was the third meeting in Beijing between Hu and Ozawa, who visited China in capacity of the DPJ leader in 2006 and 2007.     "The Communist Party of China (CPC) attaches great importance to relations with DPJ and would like to work together to improve party-to-party exchange mechanism," said Hu, who is the general secretary of the CPC Central Committee.     Hu called for concerted efforts to make the mechanism an important platform for the two ruling parties to hold dialogues, enhance trust, promote cooperation and seek common development in a bid to boost the sound and in-depth growth of bilateral relationship.     Ozawa echoed Hu's views, saying the DPJ was committed to bolstering Japan-China ties and would continue to make best of the party-to-party exchange mechanism for a better strategic relationship of mutual benefit.     On the broader China-Japan relations, Hu said the two countries had interacted actively and undergone a smooth transition since the DPJ became Japan's ruling party in September.     Hu said he and Japanese Prime Minister Yukio Hatoyama reached important consensus on furthering the strategic relationship of mutual benefit and bringing the bilateral relationship to a new era.     Stressing the principle and spirit of four political documents between the two countries, Hu said China would like to work more closely with Japan to properly address the sensitive issues between them and jointly tackle global challenges.     Ozawa praised China's economic and social progress and its constructive role in international affairs.     Ozawa said profound changes in the international arena offered a broad prospect for Japan and China to work together in all fronts.     Prior to the two leaders' meeting, Hu and the Japanese delegation had their group photos taken at the Great Hall of the People in downtown Beijing.     The delegation was the 16th one under the "Great Hall Program," a people-to-people exchange scheme initiated in 1989. The program has so far sent about 350 Japanese lawmakers and more than 2,000 representatives from various circles to visit China.

BEIJING, Oct. 23 (Xinhua) -- Chinese Vice Premier Li Keqiang on Friday urged geologists to make full use of the country's rich resources and explore new energy in innovative ways.     "Geological work makes the basic and pioneer industry for economic and social development and it affects the country's overall modernization... We should mainly depend on our own power to increase energy supply," said Li at the ceremony for the country's top geological science awards.     A total of 14 geologists from the geological exploration, research and education fields received the 11th Li Siguang Geological Science Award. Chinese Vice Premier Li Keqiang (R) meets with winners of the Li Siguang Geological Science Award in Beijing, capital of China, on Oct. 23, 2009The award is named after China's leading geologist Li Siguang, founder of China's geomechanics.     Oct. 26 marks the 120th anniversary of Li Siguang, whose research led to the discovery of China's major natural gas and oilfields.     Li Keqiang said geologists, especially those doing fieldwork, shoulder arduous missions and suffer tough outdoor conditions.     He urged related organizations to take care of their life and work and create favorable environment for the innovation in geological science and technology.

STOCKHOLM, Oct. 28 (Xinhua) -- China's Geely Automobile on Wednesday have been confirmed as preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation.     Ford said while it would be engaging in more detailed and focused negotiations with Geely, no final decisions have been made, reported the Swedish news agency TT.     Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the Swedish brand. "We have no specific timeline to conclude the discussions," a statement of Ford was quoted as saying by TT.     It also pointed out that Ford would continue to cooperate with Volvo in several areas after a possible sale, Ford said it does not intend to retain a shareholding in Volvo.     "Ford's objective in our discussions with Geely is to secure an agreement that is in the best interests of all the parties," Lewis Booth, executive vice president and chief financial officer of Ford Motor Company, said in the statement.     "Any prospective sale would have to ensure that Volvo has the resources, including the capital investment, necessary to further strengthen the business and build its global franchise, while enabling Ford to continue to focus on and implement our core ONE Ford strategy," Booth added.     "Volvo's management team welcomes today's announcement as a positive step forward," Volvo CEO Stephen Odell said.     "At Volvo, we are continuing to keep our attention firmly fixed on engineering and building great Volvo cars, to reduce our cost base and to return the business to sustainable profitability at the earliest possible opportunity," he added. 

BEIJING, Dec. 17 (Xinhua) -- Premium of China's insurance companies hit 1.02 trillion yuan (149.6 billion U.S. dollars) in the first 11 months of this year, up 11.65 percent from a year earlier, according to the China Insurance Regulatory Commission Thursday.     The year would be the first year that China's insurance premiums exceeded 1 trillion yuan, data from the commission showed.     From January to November, premium of property insurance rose 22.28 percent year on year to 264.02 billion yuan, and that of life insurance was 757.66 billion yuan, an annual increase of 8.37percent.     The commission said the country's insurance firms were expected to eye combined profits at 46.09 billion yuan in the first 11 months, an increase of 57.45 billion yuan over the same period of last year.     Profits of the country's insurers nationwide was about 26.1 billion yuan in the first half, up 98 percent, the commission said in July.

BEIJING, Nov. 17 (Xinhua) -- China and the United States on Tuesday voiced support for the peace and stability in South Asia.     "The two sides welcomed all efforts conducive to peace, stability and development in South Asia," said a joint statement issued after a meeting here between Chinese President Hu Jintao and visiting U.S. President Barack Obama.     They support the efforts of Afghanistan and Pakistan to fight terrorism, maintain domestic stability and achieve sustainable economic and social development, said the statement.     They also pledged support for the improvement and growth of relations between India and Pakistan.     The two sides are ready to strengthen communication, dialogue and cooperation on issues related to South Asia and work together to promote peace, stability and development in that region, according to the statement.