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China is expected to pump 120 billion yuan (about 19.05 billion U.S. dollars) into geologic prospecting in 2012, with only 12.5 billion yuan coming from government at all levels.

Dongfeng is China's second largest automaker in terms of sales. The company's profit dropped 4.6 percent to 10.48 billion yuan (1.7 billion U.S. dollars) last year, largely due to the impact of Japan's earthquake, new tax expenditure at joint ventures, and prices declines amid fierce market competition, it said earlier this year.

The Washington-based World Bank Group will pick a new chief in April this year to replace the outgoing President Robert Zoellick.

Rural tourism is becoming increasingly popular as urban dwellers would like to experience the country lifestyle while local farmers will provide them with affordable accommodation and catering.

Also travelling is a large business delegation with representatives from the energy, transport, education, and many other sectors on the visit which will take them to Beijing, Guangzhou and Chongqing from Feb. 7-11.