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XI'AN, Oct. 30 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed the importance of industrial structure upgrading through reforms and innovation in line with scientific development and requirements from accelerating economic growth mode transformation.Li made the remarks while visiting Xi'an, capital of northwestern China's Shaanxi Province from Thursday to Friday.Also, Li said the people's living standards should be improved in economic growth and growth quality and benefits should be upgraded in restructuring, he said.Chinese Vice Premier Li Keqiang (L, front), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, discusses with a technician on the issues concerning wireless communications at China IWNCOMM Co., Ltd. in Xi'an, capital of northwest China's Shaanxi Province, Oct. 28, 2010. Li Keqiang made an inspection to Xi'an on Oct. 28 and 29.Li visited the Xi'an-based China IWNCOMM Co., Ltd, which ranks among the leading global companies in network security technology.Li said industrialization of scientific results should be promoted in the high-tech sector and emerging strategic sectors should be actively developed to nurture new economic growth points.

RAMALLAH, Oct. 14 (Xinhua) -- Visiting Chinese Middle East envoy Wu Sike on Thursday met with Palestinian President Mahmoud Abbas in Ramallah, discussing the bilateral relations and the current status of Israeli-Palestinian peace talks.Referring to the Palestinian issue as the core of the Middle East issue, Wu said that China firmly supports the Palestinian people's efforts for their national rights.China urges Israel and the Palestinians, based on the relative U.N. resolutions, the principle of "Land for Peace," the Arab Peace Initiative and the "Road Map for Peace" plan, to solve their disputes through negotiations, and to establish a Palestinian state with independent and full sovereignty, thus realizing the peaceful coexistence of the two sides, the envoy added.China's Middle East Special Envoy Wu Sike (L) meets with Palestinian President Mahmoud Abbas in the West Bank city of Ramallah, on Oct. 14, 2010.Wu said that China, deeply concerned about the ongoing stalemate in the Israeli-Palestinian peace talks, supports the current direct talks and understands the Palestinians' position on the Jewish settlement issue, and urged the parties to push forward the peace process with constructive measures.Israel and the Palestinians resumed direct negotiations early September. However, the talks were halted when Israeli settlers restarted building in the West Bank after Sept. 26, when Israel's 10-month settlement construction moratorium ended. The Palestinian National Authority has made clear that it will enter the parley only if Israeli government extends the freeze.Regarding the Palestinian internal reconciliation, the envoy said that China supports the reconciliation process, urging the Palestinian fractions to resolve their differences through dialogue and negotiation.During the meeting, Abbas speaks highly of the active role that China has played in promoting the Middle East peace process, and China's long-term support and assistance to the Palestinians.The Palestinian side is willing to, with the support of relative parties and international community, make efforts to solve the difficulties facing the peace talks and push the negotiations to move in a positive direction.Wu also met with Palestinian Foreign Minister Riyad al-Malki and Chief Negotiator Saeb Erekat on Thursday, after holding talks with Israeli officials one day earlier.

BEIJING, Sept. 6(Xinhuanet)  - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.

PYONGYANG, Oct. 23 (Xinhua) -- A delegation of senior Chinese military officers watched the "Arirang" performance here Saturday night as part of celebrations to mark the 60th anniversary of the entry of the Chinese People's Volunteers (CPV) into the Korean War front.The delegation, led by Guo Boxiong, vice chairman of China's Central Military Commission, is on a four-day visit to the Democratic People's Republic of Korea (DPRK). They were joined at the show by Kim Yong Nam, president of the Presidium of the Supreme People's Assembly of the DPRK.Before the show, Guo met Kim and a number of other DPRK leaders, including Choe Yong Rim, premier of the cabinet, and Kim Yong Chun, vice-chairman of the National Defence Commission.Guo hailed the DPRK's attention to its relations with China. He said the visit of the delegation was to implement the important consensus reached between Chinese President Hu Jintao and the DPRK's top leader Kim Jong Il.China would work with the DPRK side to make an active contribution to the continuous promotion of the Sino-DPRK friendship, Guo said.Kim Yong Nam warmly welcomed the visit of the Chinese delegation.The DPRK cherished its friendship with China. To consolidate and develop the relations was the firm will of the DPRK, Kim said.The "Arirang", a mass gymnastic and artistic show with some 100,000 performers, showcased the achievements made by the DPRK people in socialist construction, and their love of the fatherland, aspiration for reunification and peace.The CPV entered the DPRK on Oct. 25, 1950, about four months after the Korean War broke out.In an article marking the anniversary, the DPRK's official KCNA news agency said Thursday that the CPV not only displayed a spirit of self-sacrifice and heroism but also promoted friendship.

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