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BEIJING, March 30 (Xinhua) -- Chinese auto maker Zhejiang Geely Holding Group is ready to inject 900 million U.S. dollars operating capital into Volvo on top of the 1.8 billion U.S. dollars purchase price, Geely chairman Li Shufu said Tuesday."We should not only inject money into Volvo, but also endeavor to improve Volvo's profit-making capability," Li said at a press conference to discuss the Volvo takeover.The Zhejiang-based Geely signed a deal with Ford Motor Co. Sunday in Sweden to acquire the U.S. auto giant's Volvo car unit.The photo taken on March 23, 2010 shows Volvo assembly plant in the suburbs of western Belgian city of Gent. China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. in Goteborg of Sweden on March 28, 2010 to acquire the U.S. auto giant's Volvo car unit"Geely is Geely, while Volvo is Volvo. Geely will not produce Volvo, and Volvo will not produce Geely," said Li, also the founder of the firm, adding that Volvo would keep its unique characteristics after the takeover.Li said Volvo's biggest problem was its small production scale and high research and development expenses, adding Volvo should try to increase production and sales to cut costs.

BEIJING, May 10 (Xinhua) -- The energy intensity of China's centrally-administered state-owned enterprises fell close to government targets from 2005 to 2009, a senior SOE administrator said Monday.The level of energy consumption per 10,000 yuan of output value was down 15.1 percent over the five-year period, said Li Rongrong, director of the State-owned Assets Supervision and Administration Commission (SASAC).Combined investment in energy-efficient and emissions reduction projects by centrally-administrated SOEs totaled 87.84 billion yuan (12.9 billion U.S. dollars) in 2009, said Li.This helped reduce sulfur dioxide emissions per 10,000 yuan of output value by 36.8 percent and chemical oxygen demand by 33 percent compared with 2005 levels, said Li.Enterprises executives who performed poorly in promoting energy conservation and emissions reductions, would be held for responsible by the SASAC, said Li.But he did not explain what would be considered a "poor" performance nor what penalties would be enforced.Under China's 11th five-year plan (2006-2010), the centrally-administered SOEs are expected to reduce energy intensity by 20 percent by the end of 2010 from 2005.By the end of 2009, China had 131 centrally-administered SOEs, many of them leading companies in highly polluting industries, including petrochemicals, steel, power generation, and non-ferrous metals industries.

BEIJING, May 21 (Xinhua) -- Chinese President Hu Jintao said Friday China would work closely with Sweden to lift bilateral ties to a new level.While meeting with Swedish King Carl XVI Gustaf in Beijing, Hu said China highly values relations with Sweden and will further promote cooperation between the two countries in the spirit of mutual respect and benefit."China and Sweden have no conflict of fundamental interests despite different national conditions, and good bilateral ties have brought tangible benefits to both peoples," said Hu.Hu also highlighted the smooth development of bilateral ties since the two countries established diplomatic relations 60 years ago.Chinese President Hu Jintao (R) meets with Swedish King Carl XVI Gustaf in Beijing, capital of China, May 21, 2010.Sweden was the first western country to forge diplomatic ties with New China.The Swedish King, who arrived in Beijing Thursday for a five-day visit to China, recalled the friendly exchanges between Sweden and China over the past 60 years, saying Hu's 2007 visit to Sweden had boosted bilateral cooperation.An innovation forum, jointly held by the two countries, will have a positive influence on cooperation in new fields between the two countries, said the Swedish King.Chinese Vice Premier Li Keqiang expressed hope the two nations would increase innovation cooperation while addressing the forum.China's innovation business has made certain achievements while Sweden is one of the world's most innovative and inventive nations, Li said.

GOTHENBURG, March 27 (Xinhua) -- Chinese Vice President Xi Jinping arrived in Gothenburg, the second largest city of Sweden, kicking off his four-day official visit to this Nordic country on Saturday.In a written speech delivered at the airport upon arrival, Xi said that there is a long history of friendly exchange between the peoples of China and Sweden although the two countries are geographically distant from each other.Since the two countries established diplomatic relations 60 years ago, the bilateral relationship has always been moving forward in spite of the tremendous changes in international situation, the Chinese vice president said. Chinese Vice President Xi Jinping is welcomed by representatives from local Chinese community as he arrives at the airport in Gothenburg, Sweden, on March 27, 2010. Particularly in recent years, mutual trust between China and Sweden has been enhanced, economic and trade cooperation has been fruitful and exchanges in every field have been getting closer as each day goes, Xi said.The two countries have also engaged in close contact and coordination on international forum, he said.Xi said that he anticipates to exchange views with Swedish leaders on future development of Sino-Swedish relations and issues of common concern and to discuss with Swedish people from all walks of life on further strengthening the traditional ties between the two countries, promoting mutually beneficial cooperation and joining hands to meet global challenges.Sweden is the last leg of Xi's current four-nation tour, which has already taken him to Russia, Belarus and Finland

BEIJING, June 2 (Xinhua) -- China's disaster relief authorities Wednesday launched an emergency response plan to help victims of the rainstorms and flooding in south China's Guangxi Zhuang Autonomous Region, which has left at least 30 dead.The China National Committee for Disaster Reduction and the Ministry of Civil Affairs initiated a level IV emergency response plan and dispatched a working team to help guide relief work in the flood-hit zone.Heavy rains began pounding many places in Guangxi Monday and triggered landslides early Wednesday. The disaster has left 30 dead and 18 missing, according to latest official figures.Villagers carry their belongings in the flood at Shanglang Village of Gupeng Township in Xincheng County in south China's Guangxi Zhuang Autonomous Region, June 2, 2010.More than 80,000 local people had been evacuated from their homes as of 7 p.m. Wednesday, said a notice on the ministry website.More than 2.1 million people in Guangxi were affected by the disaster and more than 4,200 homes had been damaged, the notice said.The ministry had allocated a batch of relief materials, including 2,000 tents, the notice said.Guangxi's regional civil affairs department also initiated a level-IV emergency response plan Wednesday noon, allocating 1,200 tents and 1,000 cotton quilts to help settle victims.Under a level IV plan, the lowest of the four responses, the committee and the ministry should send a working team within 24 hours to the disaster zone and allocate relief materials within 48 hours.According to the ministry's working regulation on emergency response issued last year, emergency response plans should be initiated to help with relief work in natural disasters across the country. The level depends on damages and losses as well as the number of affected people.