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HARARE, June 15 (Xinhua) -- Common Market for Eastern and Southern Africa (COMESA) Secretary-General Sindiso Ngwenya on Tuesday urged China to enter into joint ventures with Africa's largest regional trading and economic grouping to capitalize on the customs union that was launched last year.The Common Market for Eastern and Southern Africa, boasting 19 member states and a population of more than 450 million, is endowed with vast natural and human resources that make it a fertile investment destination, Ngwenya said."With a combined population of 456 million and a combined Gross Domestic Product of 450 billion U.S. dollars, this region is very rich in natural resources, rich in human resources and land for agriculture."This region will therefore become the region of first choice for investment and has the potential to feed the whole world," Ngwenya told Xinhua in an interview.He said China should take COMESA as its preferred investment destination and increase trade with Africa's largest trading and economic grouping.Ngwenya has previously urged more Chinese investment in the manufacturing sector so that Africa can move up the value chain and increase the incomes of its people while ensuring that less wealth is exported abroad.Trade between COMESA countries and China has also been growing by between 50 percent and 100 percent depending on the country, but on average by more than 50 percent annually and by the end of 2008 China-Africa trade was approaching the 100 billion U.S. dollars, according to Ngwenya.Ngwenya said the COMESA Customs Union presented immense opportunities for the Asian giant to deepen and consolidate economic cooperation with member states, most of whom it had strong bilateral, economic and political ties with. China has diplomatic relations with nearly all African countries.

TAIPEI, June 16 (Xinhua) -- China's eastern Zhejiang Province and Taiwan have agreed to deepen cooperation in agriculture, tourism, finance and other sectors, according to sources with a Zhejiang delegation which concluded its eight-day visit to the island on Wednesday.The sources said that the delegation, led by Zhejiang governor Lu Zushan, purchased 31 million yuan (4.5 million U.S. dollars) worth fruits and tea products from local farmers in Kaohsiung and Nantou.Zhejiang provincial government also pledged to help Taiwan farmers to sell their agricultural products in Hangzhou, Ningbo, Yiwu and other cities in the province and offer them preferential treatment in participating farm produce exhibitions.Zhejiang Province plans to increase its imports from Taiwan to about 10 billion U.S. dollars by the end of this year, from last year's 7.7 billion U.S. dollars.After the first six Zhejiang companies which have been permitted to conduct investment in Taiwan, Zhejiang government will promote more companies to invest in the island.Commercial banks in Zhejiang and Taiwan have also achieved cooperation agreement on financial service, insurance, futures trading and other services for small and medium-sized companies on both sides.Zhejiang is where many Taiwan people come from.The province is also a magnet for Taiwanese investment. The trade volume between Zhejiang and Taiwan hit 9.06 billion U.S. dollars last year, according to Lu.Since the beginning of this year, leading officials from various municipalities and provinces - Shanghai, Hubei, Fujian, Guizhou, Qinghai, Shandong and Sichuan - and the ministries of commerce and agriculture have led delegations to Taiwan to boost cooperation and exchanges with the island.

BEIJING, July 27 (Xinhua) -- The China Investment Corporation (CIC), the nation's sovereign wealth fund, announced Tuesday it would start a new round of global hiring for "business development" reasons.The recruiting covers 64 job positions, including asset allocation and strategic research, risk management, strategic investment and private-equity investment, according to a statement on CIC website.Applications will be accpeted till August 9, it said.The CIC was established in September 2007 with a registered capital of 200 billion U.S. dollars from China's huge foreign exchange reserves.

BEIJING, June 24 (Xinhua) -- Chinese Vice President Xi Jinping's visits to Bangladesh, Laos, New Zealand and Australia had contributed to promoting friendship, mutual trust and cooperation between China and these countries, a senior Chinese official said Thursday.Xi paid official visits to the four nations between June 14 and June 24, meeting with leaders and exchanging views on a wide range of issues, witnessing the signing of a series of bilateral cooperation agreements, addressing business forums and attending cultural activities."The visits boasted great achievements. It was a successful trip of friendship and substantial cooperation," said China's Vice Foreign Minister Zhang Zhijun, who accompanied Xi for the tour.During the 11-day visits, Xi visited seven cities in four nations and attended more than 50 official activities, which were reported abundantly and positively by the media of the host countries and international community, Zhang said.CLOSER FRIENDSHIP, MUTUAL TRUSTSenior officials and the public, especially the business world, warmly welcomed Xi's visits. The leaders reached important agreement in consolidating and enhancing bilateral relations, Zhang said.It was widely believed the tour had great significance for promoting friendship and mutual trust and expanding pragmatic cooperation, he said.Zhang noted large-scale economic and trade activities held during Xi's visits aroused widespread interests in these countries.Xi pledged to establish a closer comprehensive partnership of cooperation between China and Bangladesh and to strengthen the comprehensive strategic cooperative partnership with Laos.In New Zealand, Xi urged both sides to develop the potential for economic cooperation while making full use of the China-New Zealand Free Trade Agreement (FTA), and to make trade and investment more balanced, smooth and comprehensive.In his visit to Australia, Xi said China was willing to promote bilateral political and strategic mutual trust, and dedicate to a long-term stable and comprehensive cooperative partnership.Xi also introduced China's views on climate change, the Korean peninsula situation, and regional peace, stability and cooperation."His introduction has increased all sides' understanding of China's stance on the key issues," Zhang said.COOPERATION FOR COLLABORATIVE DEVELOPMENTAn important theme of Xi's trip was strengthening wide, mutually beneficial and pragmatic cooperation. He sent a clear message to the world that China was ready to develop economic and trade ties with other countries, Zhang said."Through meetings and talks on various occasions, the vice president set the directions and priorities of cooperation, thus strengthening the willingness of the four countries to cooperate with China."Xi promised China would continue to provide Bangladesh with adequate assistance, encouraging more Chinese enterprises to invest there. He also raised specific suggestions on promoting the trade between China and Laos.When talking about Xi's speeches on economic and trade cooperation in New Zealand and Australia, Zhang said Xi's ideas gained close attention and a warm response in the two countries and the international community.While attending the opening ceremony of the China-New Zealand FTA Seminar, Xi put forward a four-point proposal to promote comprehensive cooperation in trade and investment.Speaking to a business luncheon, Xi said Australia and China should boost strategic cooperation on energy and resources, push for a free trade agreement and oppose protectionism in trade and investment.WIDER HUMANITARIAN EXCHANGESThe Chinese vice president called for more extensive cultural communications, citing the Shanghai World Expo as an ideal opportunity for strengthening mutual understanding between the peoples.Xi met those dedicated to promoting Bangladesh-China friendship and Laotians who studied in Beijing in the 1960s. In New Zealand and Australia, he attended various ceremonies at Confucius institutes and research centers cooperating with Chinese scholars.All these showed the importance the Chinese leader has attached to the humanitarian exchanges, Zhang said.After a 30,000 km tour, Xi and his delegation arrived in Beijing Thursday afternoon.

BEIJING, Aug. 16 (Xinhua) -- China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.The minimum down payment for a home in the disaster-affected urban regions could be reduced to 10 percent while the interest rate for home loans could be cut to possibly 60 percent of the benchmark rate, the People's Bank of China, the central bank, and China Banking Regulatory Commission said in a joint statement issued over the weekend.Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.A massive mudslide, which took place on Aug. 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 p.m. Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.