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BEIJING, May 31 (Xinhua) -- China will raise gasoline and diesel benchmark retail prices by 400 yuan (58.6 U.S. dollars) per tonne as of Monday, the National Development and Reform Commission(NDRC) announced Sunday.     The benchmark retail price for gasoline would increase by 7 percent and the price of diesel by 8 percent, said a statement on the NDRC website. It is the third oil price adjustment this year. On March 25, the NDRC, the country's top economic planner, lifted benchmark retail price of gasoline by 290 yuan per tonne and diesel by 180 yuan per tonne.     The increase was in response to the rising international crude prices under the country's the new fuel pricing mechanism, which took effect Jan. 1, according to the NDRC. China will raise gasoline and diesel benchmark retail prices by 400 yuan (58.6 U.S. dollars) per tonne as of Monday, the National Development and Reform Commission(NDRC) announced Sunday.    According to the new mechanism, China's domestic prices are to be "indirectly linked" to global crude prices "in a controlled manner." China would adjust domestic fuel prices when global crude prices reported a daily fluctuation band of more than 4 percent for 22 working days in a row.     NDRC pricing department official Xu Kuning has explained the "indirect link" as "based upon average global crude prices, while taking into account domestic production costs, taxation, and 'appropriate profits' of oil producers."     Crude prices have jumped 30 percent in May, the largest monthly rise since March 1999, boosted by expectations of a global economic recovery later this year.     Light, sweet crude for July delivery rose 1.23 dollars, or 1.9 percent, to settle at 66.31 dollars a barrel Friday on the New York Mercantile Exchange.     In Sunday's notice, the NDRC urged the two state-owned oil producers, PetroChina and Sinopec, to increase oil production to meet demand.     It also urged local pricing regulators to strengthen supervision over oil prices and crack down on any price violations.

BEIJING, June 4 (Xinhua) -- A reception was held here on Thursday evening to celebrate the 35th anniversary of the establishment of diplomatic ties between China and Malaysia.     Chinese Vice Premier Li Keqiang and Malaysian Prime Minister Najib Tun Razak addressed the reception, pledging to advance bilateral relationship to a new level.     Li said the growth of China-Malaysia ties in the past 35 years had brought tangible benefits to the two peoples, and helped promote regional peace and development.     The current sound bilateral relations profited from the traditional friendship, the broad common interests and the great importance attached by both leaders to promoting the ties, Li noted. Chinese Vice Premier Li Keqiang(R) cuts a cake together with his counterpart Najib Tun Razak during the evening reception to mark the 35th anniversary of the establishment of diplomatic relationship between China and Malaysia in Beijing, capital of China, on June 4, 2009.Under the new situation, the potentials for China-Malaysia cooperation were great, Li said, noting that China would work with Malaysia to jointly cope with the international financial crisis.     The two governments signed a joint action plan on China-Malaysia strategic cooperation on Wednesday, which outlined the political, economic, cultural, and education cooperation in the coming years.     Li hoped the two nations would fulfill the action plan and expand the bilateral strategic cooperation.     Echoing Li, Najib said his government was ready to increase cooperation with China in an all-around way, in a bid to lift bilateral ties into a new historical level.     Najib said his country was proud of becoming the first country among the members of the Association of Southeast Asian Nations (ASEAN) to forge diplomatic relations with China 35 years ago.     Najib's late father, then Prime Minister Tun Abdul Razak, signed the communique on diplomatic ties with China at that time.     At a press conference here Thursday evening, Najib said that he is very delighted with the outcome of his China visit, stressing that the cornerstone of bilateral relations and the emphasis of further cooperation will still be the economic and business ties.     "My visit is not only to follow the footsteps, but more to run faster and further," said Najib, adding that he believed there is so much potential to raise the bilateral relations to the next phase.     "We are excited about the prospect between Malaysia and China, " he said.     Najib arrived here on Tuesday for a four-day official visit. China is the first country he visited outside the ASEAN since he took office in April.

BEIJING, June 14 (Xinhua) -- Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended Sunday.     Wen said the key to a sound economic future lay in continuing to "unswervingly" implement the government's policies to deal with the international economic downturn.     Companies should increase investment in research and development and better utilize science and technologies to "foster new economic growth points," he said.     Local governments, meanwhile, should develop energy-efficient and environment-friendly industries and put priority on a recycling and green economy, he said. Chinese Premier Wen Jiabao (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, talks with employees of Geely Automobile Parts Co.,Ltd in central China's Hunan Province, on June 13, 2009. Premier Wen made an inspection tour in Hunan Province from June 12 to June 14.During his trip in Hunan, Wen visited companies, Hunan University, job markets and farmlands.     He said the enhanced economic power of central and western regions, whose economies profited from central government support policies, added vigor to the country's economic development and should continue to be supported.     The central region, a link between the east and the west, should speed up industrial restructuring with a focus on local characteristics and advantages while tapping emerging industries, such as IT and bioengineering, said Wen.     He also called for more attention to education and talent in China's future reform and opening, and the building of a social welfare system that values the improvement of living standards.     Visiting farms, Wen said wheat production this summer was sure to grow over last year and that the country should focus on a more balanced economic development between urban and rural areas.     "Stable agricultural output makes a stable economy and stable lives for the people," Wen said.

UNITED NATIONS, May 29 (Xinhua) -- The exponential growth in trade and strategic relations between China and the Arab world is highly valued at the League of Arab States and will not come at the expense of relations with the United States, the secretary-general of the League of Arab States said at a press conference here on Friday.     "We value very much our relationship with China," Secretary-General Amre Moussa, told Xinhua. "We can have good relations, growing trade and growing economic investments with China and America at the same time." Amre Moussa, the secretary- general of the League of Arab States, gestures during a press conference at the headquarters of the United Nations in New York on May 29, 2009. Moussa on Friday called upon Israel to put an immediate end to the settlement construction in the West Bank, saying that if Israel goes ahead with the construction, it is impossible to set up an independent Palestinian stateChina is now the largest exporter to the Arab world, overtaking the United States for the first time since the 1960s. Trade between China and Arab countries jumped from 36.7 billion U.S. dollars in 2004, when the Sino-Arab Cooperation Forum was launched, to 132.8 billion dollars last year.     In the past, particularly during the Bush administration, the Arab world became increasingly disenchanted with America's lackluster role in the Israel-Palestine conflict. But U.S. President Barack Obama offers renewed hope that peace talks will progress.     "The previous administration waited six years (before addressing the crisis)," said Moussa. "Now (the Obama) administration has started engaging right away. This is encouraging because all of us have suffered from certain policies in the past."     "The hope is that the Obama administration will succeed in breaking this deadlock in order to allow the peace efforts to move on with the establishment of a viable Palestinian state ... which includes the immediate freeze of (Israeli) settlements," he said.     At the same time, despite the international community having "a window of opportunity," the Obama administration has yet to take concrete actions, added Moussa.     "What we expect is not only to hear a speech, but to act," he said.     Indeed, action on the Middle East crisis is rare. The UN Security Council has refused to follow up on recommendations made by a United Nations investigation into accusations of war crimes committed by Israel during the Gaza offensive in January.     Frustrated, the Arab League is "actively pursing" other avenues, including several independent fact finding and investigations, said Moussa.     "We are not going to let go of what happened in Gaza against the civilians," he said. "If you want to have justice, you have to have it across the board."     In a related development, the United Nations Human Rights Council investigation team will arrive in Gaza on Monday. Led by Justice Richard Goldstone, the team plans to meet with all concerned parties, including witness and victims of alleged violence, according to a press release issued on Friday. 

SHANGHAI, July 12 (Xinhua) -- China Eastern Airlines on late Sunday announced that it will merge Shanghai Airlines through a shares swap and the two will resume stock trading in Shanghai Monday.     Shanghai Airlines will exchange one of its A shares for 1.3 shares of China Eastern after the former's shareholders are given a 25 percent risk premium, the latter said in a statement filed to the Shanghai Stock Exchange.     Shanghai Airlines Chairman Zhou Chi said on June 30 that the transfer of shares will take about four to five months.     Liu Jiangbo, spokesman of the working team overseeing tie-up affairs, said Shanghai Airlines will become a wholly-owned subsidiary of China Eastern and retain its brand and independent operation.     Liu told Xinhua that the merger has entered a concrete stage after the announcement of the detailed merger plan.     This is a major step to promote the consolidation of regional airlines and to facilitate building Shanghai into an international air and shipping hub, he said.     The merger will give China Eastern, one of China's three state-owned airlines, about 50 percent market share in Shanghai.     China Eastern reported a net loss of 13.9 billion yuan in 2008 because of weak travel demand in the economic downturn and wrong-way bets on fuel prices.     China Eastern and Shanghai Airlines shares have been suspended from trading since June 8 while waiting for the merger talks. China Eastern last closed at 5.33 yuan and Shanghai Airlines closed at 5.92 yuan.     China Eastern is listed in Hong Kong and Shanghai and Shanghai Airlines is listed in Shanghai.