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China announced Thursday that the board of directors and the senior management team have been formed in the country's 40 billion-U.S. dollar Silk Road Fund, which will start investment soon.

BEIJING, March 1 (Xinhua) -- Chinese President Xi Jinping is confronting a challenge no less daunting than the anti-corruption campaign he spearheads in his party - to boost the nation's soccer competence on the world stage.

The anti-graft legislation should be introduced as quickly as possible and the system of sanctions and prevention improved with the goal being a mechanism which means "officials dare not, cannot and do not want to be corrupt," according to the decision.

China and Grenada established diplomatic relations in 1985 and severed ties in 1989 over the issue of Taiwan. The two nations reestablished ties on Jan. 20, 2005.

The president urged the compatriots across the Strait to carefully safeguard the fruit of the peaceful development of the cross-Strait ties.