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HARBIN, Jan. 2 (Xinhua) -- Chinese Premier Wen Jiabao conveyed new year greetings to workers, farmers, local residents and officials during his visit to northeastern Heilongjiang Province on the first two days of the year.     Braving the freezing weather, Wen visited the cities of Daqing and Qiqihar in Heilongjiang. It was Wen's third visit to Daqing since 2003. At Daqing oilfield, he said Daqing people had not only produced two billion tonnes of oil for the country, but also the invincible Daqing spirit which was kept well over the past five decades. Chinese Premier Wen Jiabao (C) tries a machine with local oil workers at Daqing Oil Field in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010    "Nowadays, we still need such spirit to cope with the international financial crisis," Wen said.     The premier then had lunch with workers and visited their dormitory.     He also inspected an industry park of service outsourcing in the city, which is looking for new points of growth in addition to exploitation of resources.     Wen encouraged the city to develop high-tech industry, agricultural products processing, service outsourcing and cultural industries.     While visiting a residential community, Wen said he paid great attention to people's livelihood, including housing, social securities and workers' income rise.     "While handling the international financial crisis, people's livelihood should be stressed," Wen said. Chinese Premier Wen Jiabao (C) talks with local elders at a residential community in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010At a villager's home, Wen told locals that the government would increase the minimum purchase price of rice again this year.     He said that to narrow the urban and rural income gap, efforts should be made to improve rural migrant workers' conditions and lift farmers' living standard.     In a residential area converted from a shanty town, which now houses 1,470 families, Wen told a retired worker named Wang Decai that if the country's financial strength was strong enough, retirees' pension would continue to be increased.     He told workers of a machine tool factory in Qiqihar, which makes homegrown plane parts, that efforts should be made to improve innovation capability so as to make breakthrough on key technologies. Chinese Premier Wen Jiabao plays table tennis with local residents at a community in Daqing, northeast China's Heilongjiang Province, Jan. 1, 2010

RIYADH, Jan. 10 (Xinhua) -- China and Saudi Arabia convened Sunday the fourth meeting of their joint committee on economy and trade in the Saudi capital, co-chaired by Chinese Minister of Commerce Chen Deming and Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf.     Chen hailed the rapid growth of bilateral economic and trade ties since the third meeting of the joint committee in 2006, noting that bilateral trade have realized two years in advance the goal of 40 billion U.S. dollars by 2010, and Saudi Arabia has been China's biggest trade partner in West Asia for eight consecutive years. Chinese Minister of Commerce Chen Deming (L) meets with Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf in Riyadh, capital of Saudi Arabia, Jan. 10, 2010. China and Saudi Arabia convened Sunday the fourth meeting of their joint committee on economy and trade in the Saudi capital, co-chaired by Chinese Minister of Commerce Chen Deming and Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf. He made a five-point proposal, in which he said both countries should strive to expand bilateral trade to reach 60 billion dollars by 2015.     He also proposed to maintain the long-term and steady crude oil trade between the two sides, in addition to enhancing cooperation on exploiting gas, oil projects and petrochemical industry, and establish a cooperation mechanism on trade remedy.     The Chinese minister stressed that both sides should promote the negotiation process on the free trade agreement between China and the Gulf Cooperation Council (GCC). Chinese Minister of Commerce Chen Deming (C, front) and Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf (R, front) sign the meeting summary in Riyadh, capital of Saudi Arabia, Jan. 10, 2010Al-Asaf, for his part, said that Saudi Arabia hopes to see and will provide convenience for more Chinese enterprises to participate in Saudi economic construction as the country is speeding up its petrochemical industry, urban development, and traffic and environmental protection projects.     He said Saudi Arabia welcomed the progress in China-GCC FTA negotiation and will work together with the Chinese side to push forward the process for an early completion.     The two ministers met the press after the meeting, during which Chen said both sides have agreed to expand the trade volume to 60 billion U.S. dollars by 2015.     Chen also met with the Saudi Minister of Commerce and Industry Abdullah bin Ahmad bin Yussef Zainal on Sunday.

BEIJING, Dec. 27 (Xinhua)-- Premier Wen Jiabao admitted Sunday that it'd be good if lending by Chinese banks had not been growing on a too large scale as a result of the government's immediate response to the global financial crisis."It would be good if our bank lending was more balanced, better structured and not on such a large scale," he said in an exclusive interview with Xinhua News Agency.     Wen said the State Council had noticed the problem in the middle of the year and moved to correct it. "It has been improving in the second half of this year," he said. Chinese Premier Wen Jiabao (L) smiles during an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009    Credit expansion was one of the "unexpected difficulties" China had encountered in dealing with the worst crisis in decades, Wen said.     The State Council had to learn from past experience, detect problems and make persistent efforts to fight the crisis effectively, he said.     Wen said it was too early to grade China's performance in tackling the crisis because it was far from over and much work was yet to be completed.     He admitted that the State Council had time in the second half of the year to calmly reflect on the problems arising from the emergency response to the economic crisis.     The State Council had thoroughly discussed measures to cultivate new economic growth points, especially relating to emerging strategic industries such as the Internet, the green economy, the low-carbon economy, sensor technology and bio-pharmacy, he said.     "I think one of the linchpins for the world to overcome the economic crisis is wisdom, and, most importantly, science and technology," he said. Chinese Premier Wen Jiabao (L) shakes hands with Xinhua President Li Congjun before an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009Chinese Premier Wen Jiabao (L) shakes hands with He Ping, Editor-in-Chief of Xinhua News Agency, before an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009

BEIJING, Jan. 9 (Xinhua) -- Heavy snow in northwest China's Xinjiang Uygur Autonomous Region had left one person dead and forced the evacuation of 5,435 as of 8:00 p.m. Friday, according to the Ministry of Civil Affairs Saturday.     The heavy snow also flattened 799 houses and caused damages to 4,897 others in the region, the ministry said. A total of 261,800 people in 12 counties or cities were affected by the blizzard hitting Xinjiang's Tacheng and Altay regions this week, which resulted in blackout and transport disruption in some areasA total of 261,800 people in 12 counties or cities were affected by the blizzard hitting Xinjiang's Tacheng and Altay regions this week, which resulted in blackout and transport disruption in some areas, according to the disaster relief department of the Ministry.     The Ministry has allocated 5,000 tents, 10,000 cotton-padded coats and 10,000 cotton-padded quilts to, and the regional government appropriated 15 million yuan (2.2 million U.S. dollars) for disaster relief in the affected areas, the ministry said. Representatives of communities stand beside vehicles that provide people with services in Urumqi, capital of northwest China's Xinjiang Autonomous Region, Jan. 9, 2010. Some companies and activists in Urumqi donated money to buy 555 vehicles. These vehicles were put into use Saturday in several communities to provide citizens with services.The regional civil affairs authority has dispatched working group to the snow-hit areas to direct relief work.     Xinjiang was gripped by a cold snap from Jan. 1 to 8, which brought heavy snow and drastic temperature plunge especially in Tacheng and Altay regions.

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.