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BEIJING, April 13 (Xinhua) -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.According to the regulations, the State Council said China will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in China, according to the regulations.Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in China.Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in China.Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.Foreign-funded enterprises are also encouraged to increase their investment in China's central and western regions, particularly in environment friendly and labor-intensive companies.

LUANDA, May 28 (Xinhua) -- Angolan President Jose Eduardo dos Santos on Friday held talks with visiting Chief of the General Staff of the Chinese People's Liberation Army Chen Bingde, officials with the military delegation told Xinhua.Welcoming Chen to visit Angola, President dos Santos said the two countries enjoyed friendly ties and Angola appreciated China's assistance to the Angolan people and armed force.The president said Angola attached importance to cooperation with China in various fields, and hoped to build up a sound and working mechanism on staff training and infrastructure construction to promote military ties between the two countries.Chen extended best wishes and cordial greetings from Chinese President Hu Jintao, and he stressed the friendly cooperation between China and Angola fell in line with the common interests of the two peoples, and also contributed to peace and stability in the world community.He said, military cooperation, as part of overall cooperation between China and Angola, has been developing smoothly, and the Chinese military was ready to promote friendly cooperation with the Angola armed forces under the new international circumstances.Chen arrived in Luanda on Wednesday for a three-day visit on the second leg of his three-nation tour on the African continent. He flew in Luanda from Namibia and was also expected to leave for Tanzania on Saturday. Briefing reporters on Chen's mission, Chinese Ambassador Zhang Bolun said China hoped to strengthen bilateral military cooperation in the areas of staff training and equipment supply, and Chen's visit to Luanda was conducive to strengthening military ties between the two countries, including exchange of institutional delegations, staff training and so on.

BEIJING, May 12 (Xinhua) -- China's Communist Party officials must eradicate "empty words" and political jargon from their speeches and documents, Vice President Xi Jinping said Wednesday.Xi told more than 900 officials and new student cadres at the Party School of Communist Party of China (CPC) Central Committee that they must show "substance" in word and deed.Party officials should diligently study the Party's basic theories, constantly acquire new knowledge, and learn from "ancient Chinese" literature to make their communications simple and concise, Xi said at the opening of the school's spring semester in Beijing.Xi cited no examples of empty words and jargon, but writing and speech styles of Party officials, especially leaders, had gradually improved in the past 30 years, said Xi, president of the Party School.Xi said "unhealthy" writing or speech styles would seriously undermine the efficiency of Party and government operations and waste time resolving practical problems.He asked Party leaders to deliver short, concise and straightforward speeches with new approaches and creativity in solving problems.He urged Party leaders to learn "colloquial wisdom" from the public and make their speeches and articles more easily understood by common people.

MOSCOW, May 8 (Xinhua) -- Chinese President Hu Jintao and Russian Prime Minister Vladimir Putin met here Saturday and agreed to further enhance the strategic relations of cooperation and partnership between their two countries.President Hu is in Moscow for celebrations marking the 65th anniversary of the victory of the Great Patriotic War over Nazi Germany.At the meeting, Hu said that both China and Russia made great historic contributions to the victory of the World Anti-Fascist War and China takes the same stance toward the history of World War II as Russia. Chinese President Hu Jintao (L) meets with Russian Prime Minister Vladimir Putin in Moscow, May 8, 2010.China and Russia should strengthen communication and coordination to firmly safeguard the truthfulness and seriousness of history, Hu said, adding that China would like to work together with Russia to hold a series of events to mark the 65th anniversary of the victory of the World Anti-Fascist War.Hu told Putin that China-Russia relations are now enjoying a sound momentum of development and the two countries have made much headway in their cooperation in all fields.The two countries have also had close interaction and coordination in dealing with international and regional affairs, he said.

BEIJING, April 17 (Xinhua) -- China is disappointed the European Union (EU) has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce (MOC) spokesman Yao Jian said Saturday."China will closely follow this issue and reserves its right to take necessary measures in accordance with WTO rules," Yao said.He said the coated paper probe is the EU's first anti-subsidy investigation into Chinese products.The EU launched an anti-dumping investigation on Chinese coated paper two months ago, he said.Increased trade protectionism is a major threat to the world economy recovery, Yao said."To create a win-win situation, China and the EU should settle trade disputes cooperatively," he added.MOC data shows the EU initiated seven anti-dumping investigations against China in 2009.The EU is China's largest trade partner, with bilateral trade volume exceeding 360 billion U.S. dollars last year.