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BEIJING, Sept. 3 (Xinhua) -- China's top political advisor, Jia Qinglin, Friday called for more efforts to build "ecological screens," to contribute to the nation's endeavor to combat floods and landslides.Authorities should beef up measures to prevent and control ecological disasters, said Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee.He also said authorities should plant more trees and protect and restore wetlands in areas prone to natural disaster. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with participants of the founding meeting of the 6th Board of Administration of the China Green Foundation (CGF) in Beijing, capital of China, Sept. 3, 2010. Founded in 1985, the CGF is a national non-profit organization focusing on promoting afforestation campaigns in China.Jia, also a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remarks when attending a meeting marking the foundation of the 6th Board of Administration of the China Green Foundation (CGF).Founded in 1985, the CGF is a national non-profit organization focused on promoting afforestation campaigns in China. It raises and utilizes funds to expand green land, plant trees and protect mountains and rivers.China has been hit by many floods and landslides this summer.A mudslide in northwest China's Gansu Province in August killed at least 1,471, with 294 still missing.
BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.
CAIRO, Sept. 26 (Xinhua) -- Chinese and Egyptian industry officials vowed closer bilateral economic ties on Sunday with the signing of an industrial cooperation agreement.Egyptian Minister of Trade and Industry Rachid Mohamed Rachid met with Chinese Minister of Industry and Information Technology Li Yizhong. Both talked about the expansion and improvement of bilateral trade and economic cooperation.Rachid told reporters that he hoped the new agreement would pave the way for more cooperation in different industry sectors including manufacturing of cars components, textiles, petrochemicals, electronics and technology."This agreement includes the process of sharing technology and increasing investment in the industrial sector and training of workers as well as helping Egyptian companies promote their products in the Chinese markets," said the Egyptian minister.The agreement also included the formation of an Egyptian- Chinese task force that takes the responsibility of sharing information and experiments in the industrial sectors and encouraging Egyptian and Chinese firms to establish joint ventures in different areas of cooperation, according to Rachid.Rachid said that Egypt wanted to benefit from the successful Chinese experience in the industrial sector.Egyptian Prime Minister Ahmed Nazif also met with the Chinese minister. The prime minister said Egypt shows great interest in boosting cooperation with China.The bilateral trade between Egypt and China increased from 3 billion U.S. dollars in 2006 to 6.24 billion dollars in 2008, according to Chinese Ambassador to Egypt Wu Chunhua.By the end of last year, Chinese investment in Egypt exceeded 500 million U.S. dollars. Chinese auto companies such as Chery Automobile and Brilliance Automobile have had assembly lines here in Egypt.Rachid expected that the Egyptian-Chinese cooperation would witness a great milestone in all sectors, particularly the trade and industry relations thanks to exchanges in the economic and political levels.
BEIJING, Oct. 29 (Xinhua) -- China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan (3.07 billion U.S. dollars) in the first three quarters from one year earlier.The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the Shanghai Stock Exchange.Also, total assets of the mid-sized lender had expanded to 2.36 trillion yuan by the end of September, up 14.10 percent from the end of 2009.Additionally, the bank's non-performing loan ratio was 0.64 percent, down 0.18 percentage points from the beginning of this year.Shares of the bank were down 2.41 percent at 14.57 yuan in Shanghai and down 1.13 percent at 21.95 HK dollars in Hong Kong Friday.
BRUSSELS, Oct. 4 (Xinhua) -- China expected France to take new steps in pushing the European Union (EU) for positive policies toward China, Chinese Premier Wen Jiabao said on Monday.The relations between China and France were of important influence to China's links with the EU, said Wen during a meeting with French President Nicolas Sarkozy on the sidelines of an Asia-Europe Meeting (ASEM) summit in Brussels.China attached great importance to developing ties with France and appreciated France's willingness to enhance cooperation with China, said Wen. Chinese Premier Wen Jiabao (L) meets with French President Nicolas Sarkozy in Brussels, Belgium, Oct. 4, 2010. He hoped the two countries could expand cooperation in such areas as trade, investment, high-tech and energy on the basis of mutual respect and equality.Wen also expected the two sides to conduct close coordination within multilateral mechanisms like the UN and the Group of 20 for building a comprehensive strategic partnership.Sarkozy said China made important contributions to combating the global financial crisis and played a positive role in international affairs. He pledged that France would work with China to jointly advance France-China and EU-China ties.Premier Wen made a five-point proposal on advancing Asia-Europe cooperation when addressing the opening of the ASEM summit.Wen arrived in Brussels for the summit after concluding his visit in Greece earlier in the day. He is also to attend the a China-EU summit in Brussels and then continue his four-nation visit which also will take him to Italy and Turkey.