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XIAMEN, Sept. 5 (Xinhua) -- China's outbound direct investment (ODI) rose 1.1 percent year on year to 56.53 billion U.S. dollars in 2009, according to a government report issued Sunday.Non-financial ODI, which accounts for 84.5 percent of the total, stood at 47.8 billion U.S. dollars last year, up 14.2 percent from one year earlier, while the country's overseas investment in financial sectors declined 37.9 percent to 8.7 billion U.S. dollars, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.By the end of 2009, Chinese enterprises established 13,000 overseas companies in 177 countries, with combined assets topping 1 trillion U.S. dollars, according to the report.

LONDON, Aug. 27 (Xinhua) -- Some western commentators' critical comments concerning China's burgeoning relationship with Africa are "largely misplaced," says a Financial Times editorial.Wednesday's editorial - "China's new scramble for Africa" - said Western-led development strategies, however well meaning, did not break the cycle of under-development in Africa. Chinese investments, made for sound business reasons and boosting employment and growth, offer new hope and an alternative way forward, the editorial said.The infrastructure that the Chinese are building will also have positive spin-off effects for industries outside of natural resources. Chinese traders have brought cheap consumer goods to Africa. And, as labor costs rise at home, Chinese manufacturers may look at Africa with new interest, as a base for production, the editorial said.To the Western countries that uphold the spirit of competition, there's no reason to complain about China's strengthening its relationship with Africa, the editorial said.One reason that African governments often love doing business with the Chinese is that they are much less likely to condition their investments on improvements in government, and the pragmatic attitude of the Chinese government should be appreciated, the editorial said.

CHENGDU, Nov. 3 (Xinhua) -- A senior Chinese government official said Wednesday that major geological disasters and densely-populated regions would be the two main areas to monitor in the nation's efforts to guard against losses caused by such disasters.In the first 10 months of 2010, 2,909 people were dead or missing following over 30,000 recorded geological disasters, Xu Shaoshi, the Minister of Land and Resources, said at a meeting held Wednesday in Chengdu, capital city of southwestern Sichuan Province.Further, the number of people dead or missing during this period was five times higher than in the same period last year, said Xu.However, the majority of these victims, about 2,000 people, were killed or went missing after five major mud and rock slides which struck areas in west China's Guizhou, Gansu, and Yunnan provinces, Xu said.A massive mudslide triggered by rainstorms slammed Zhouqu County in northwest China's Gansu Province this past August, leaving 1,510 dead and 255 others missing."Our focus in loss prevention and control in the future will be to closely watch the major geological disasters and the areas with high human concentrations," said Xu.Xu also urged local governments to make specific plans regarding geological disaster prevention, improve the assessment and pre-cautionary monitoring mechanism, and beef up rescue and response systems in the event of an emergency.

BEIJING, Oct. 20 (Xinhua) - China's State Council, or the Cabinet, unveiled a set of guidelines Wednesday, aiming at helping reconstruction work in landslide-hit Zhouqu County in Gansu Province.The guidelines affect taxation, finance, education and employment policies in the region which was devastated by the massive mudslide on Aug. 8.The document clarified that funds for the reconstruction would come primarily from central government subsidies.It said that priority would be given to rebuild damaged residential houses, public services, infrastructure and prevent the spreading of diseases.It specified tax reduction measures for enterprises and individuals who had organized and collected donations, and encouraged banks and financial institutions to increase loans to the mudslide-hit areas.Land required for housing, infrastructure and reconstructing public facilities will be allocated by the local government, according to the document.Local governments or universities have also been directed to financially assist Zhouqu-born college students, while high-school students in the landslide-affected areas have been exempted from paying tuition fees, the document said.A massive mudslide triggered by rainstorms slammed Zhouqu county in northwest China's Gansu Province on Aug. 8, leaving 1,472 dead, 294 missing and more than 15,000 people homeless.

XI'AN, Oct. 25 (Xinhua) -- A senior leader of the Communist Party of China (CPC) has called for improved living standards for people in the country's old revolutionary base areas.He Guoqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC's Central Commission for Discipline Inspection, made the remarks during a visit to northwest China's Shaanxi Province from Oct. 21 to 24.Shaanxi was the cradle of Chinese communists' revolution in the 1930s.He Guoqiang (C front), a member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China (CPC) and chief of the CPC Central Commission for Discipline Inspection, talks with the working staff at a plant of Xi'an Aircraft Industry (Group) Company Ltd. in Xi'an, capital of northwest China's Shaanxi Province, Oct. 24, 2010. He Guoqiang made an inspection tour in Shaanxi from Oct. 21 to 24.Visiting regions hit by the devastating earthquake of May 12, 2008, He asked students and residents to study hard and contribute to the construction of their hometowns and the country.He urged aviation experts at the Xi'an Aircraft Industry Co. Ltd. to improve the company's innovation abilities and acquire more core technologies so as to produce China's own large passenger jet aircraft as soon as possible.