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MADRID, Jan. 30 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Friday for an official visit aimed at further bolstering bilateral political ties and cultural exchanges between China and Spain.     Upon his arrival, Wen said in a written statement that China and Spain enjoy a time-honored friendship, and bilateral cooperation in various fields has been expanding steadily. Chinese Premier Wen Jiabao (R, front) is greeted by Spanish Foreign Minister Miguel Angel Moratinos upon his arrival at an airport of Madrid, capital of Spain, Jan. 30, 2009. Wen Jiabao arrived Friday in the Spanish capital for an official visit.With mutual understanding and friendship between the two peoples constantly growing, the foundation of the China-Spain comprehensive strategic partnership has been consolidated continuously, said the Chinese premier.     Wen said he was pleased with the smooth growth of the bilateral ties between the two nations and had full confidence in the prospect of China-Spain relations.     China highly values its relations with Spain and recognizes its important role in European and international affairs, he said.     Wen added that he hoped to exchange views with the Spanish leaders on bilateral ties and global issues of common concerns.     China is ready to work with Spain to boost the China-Spain comprehensive strategic partnership to a new high, Wen said.     Spain is the fourth leg of Wen's week-long European tour, which began on Tuesday and has already taken him to Switzerland, Germany and the European Union headquarters in Brussels.     Wen also attended the annual meeting of the World Economic Forum during his stay in Switzerland.     On Saturday, Wen will fly to Britain, the last leg of his trip, which is characterized by the Chinese Foreign Ministry as "a journey of confidence."

BEIJING, Nov. 6 (Xinhua) -- The Agricultural Bank of China (ABC) on Thursday signed an agreement with Central Huijin Co., an investment arm of the government, for a 130-billion-yuan (19 billion U.S. dollars) capital injection in preparation for an eventual stock listing.     Xiang Junbo, the state-owned bank's president, said the injection would boost the bank's capital base, improve its financial status and enhance its profitability.     After the injection, Central Huijin and the Ministry of Finance each will have half of the bank's ownership.     Lou Jiwei, head of Central Huijin's board of directors, said the company would help ABC improve its corporate governance to make it a modern commercial bank with global competitiveness.     According to Xiang, ABC's profit grew 35 percent year-on-year to 98 billion yuan in the first three quarters. As of Sept. 30, deposits totaled 5.9 trillion yuan and loans 3.97 trillion yuan, rising by 690 billion yuan and 300 billion yuan, respectively, from a year earlier. The Agricultural Bank of China (ABC) on Thursday signed an agreement with Central Huijin Co., an investment arm of the government, for a 130-billion-yuan (19 billion U.S. dollars) capital injection in preparation for an eventual stock listing    Of the loans, 1.39 trillion yuan went to agriculture-related projects, up 120 billion yuan year-on-year.     Xiang said one of the bank's major tasks after the capital injection would be to develop its rural network and increase agricultural lending.     The State Council, or the Cabinet, approved ABC's shareholding reform plan on Oct. 21.

BEIJING, Dec. 26 (Xinhua) -- China's top political advisor Jia Qinglin said Friday people in the non-public sector of the economy has become a major force in the reform and open-up drive while urging them to make more contribution to growth as the country faces economic hardship.     In a congratulatory letter to a forum held to mark and review the development of private economy in the last 30 years, Jia said the private sector has made important contributions to the country's economic achievements, innovation capabilities, job creation and the "go global" strategy.     The chairman of the Chinese People's Political Consultative Conference National Committee called on people in the private sector to respond to the call of the Communist Party of China and unite as one to face the formidable challenge posed by the global financial crisis.     Privately-owned enterprises should tap the potential of domestic demand while continuing to implement the "go global" strategy and expand international market, Jia said.     Privately-owned enterprises should also assume their social responsibility to create as many jobs as possible while helping the Chinese economy achieve a sound and fast growth, he added.

BEIJING, Nov. 25 (Xinhua) -- An artistic performance was staged in Beijing on Monday night to mark the 110th anniversary of the birth of late Chinese leader Liu Shaoqi.     Li Changchun and Vice President Xi Jinping, who are members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, watched the performance together with more than 2,000 people of various walks of life in the National Center for the Performing Arts.     The performance was composed of five parts to show Liu's dedication and contribution to the cause of the Party and the people in different revolution and construction periods.     Liu was born on Nov. 24, 1898, in Ningxiang County of Hunan Province, central China. He was one of the earliest members of the CPC, joining the Party in 1921, shortly after its founding. In the following years, he served at many important positions in the Party.     Liu was elected vice chairman of the central people's government in September 1949, just before the founding of New China. Later he was elected chairman of the Standing Committee of the National People's Congress. In April 1959, he was elected chairman of the People's Republic of China.     Severely persecuted during the Cultural Revolution (1966-1977), Liu died of illness in Kaifeng of Henan Province on Nov. 12, 1969. An artistic performance was staged in Beijing on Monday night to mark the 110th anniversary of the birth of late Chinese leader Liu Shaoqi.The performance was composed of five parts to show Liu's dedication and contribution to the cause of the Party and the people in different revolution and construction periods.

BEIJING, Oct. 31 (Xinhua) -- Chinese shares dropped 1.97 percent on Friday, the month's last trading day.     The benchmark Shanghai Composite Index lost 1.97 percent, or 34.82 points, to close at 1,728.79. The Shenzhen index was down 1.19 percent, or 70.33 points, to close at 5,839.33 points.     The combined turnover was 35.23 billion yuan (5.03 billion U.S.dollars), compared with 49.35 billion yuan on the previous trading day. Losses outnumbered gains by 656 to 199 in Shanghai and 576 to151 in Shenzhen.     Almost all sectors fell except industries related to aircraft making after the Commercial Aircraft Corporation of China Ltd. (CACC) announced Chinese indigenous regional jets would be sold to the United States, analysts said. CACC is not a publicly traded company.     Coal companies suffered the most losses. Kailuan Clean Coal Co.lost 7.21 percent to 10.3 yuan. Taiyuan Coal Gasification Company fell 4.34 percent to 7.50 yuan.     "I don't think the fall was related to recent mine accidents. It was a reflection of diminishing global energy demand," said Alex Xue, analyst with JL McGregor & Company.     The finance sector also dropped by an average of 3 percent. CITIC securities lost 2.46 percent to 17.84 yuan. Bank of Communications fell 4.20 percent to 4.33 yuan.     According to estimates from Friday's China Securities News, third-quarter profits of the country's 1,466 listed companies would fall 10.17 percent from the same period a year ago and 18.41 percent from the previous month to 206.09 billion yuan.     Operating net cash flow fell 51.75 percent to 827.4 billion yuan in the first three quarters. Analysts said rising material costs and weakening demand led to slumping profits.     The country's industrial output value growth slowed to 11.4 percent in September, the lowest rate since April 2002, the National Development and Reform Commission said on Thursday.     Despite the latest rate cut, which was viewed as helpful to stabilizing the stock market, analysts said the market could possibly continue falling. The long-term affects from the rate cut are yet to been seen.