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BEIJING, Aug. 8 (Xinhua) -- China's ChangAn Auto Co., Ltd., a leading domestic auto maker, announced Saturday that its sales volume rose more than 82 percent year on year last month. The Chongqing-based company sold 107,863 units of vehicles in July, up 82.4 percent year on year, it said in a statement to the Shenzhen Stock Exchange. The company produced 118,037 units of vehicles in July, up 64.9 percent year on year. The Shenzhen-listed firm's shares had fallen 5.24 percent to 10.31 yuan a share Friday before the release of the report.
DALIAN, Sept. 10 (Xinhua) -- Chinese Premier Wen Jiabao said on Thursday that the World Economic Forum (WEF) is helpful in gathering confidence for fighting global economic downturn. Wen made the remarks while meeting with WEF chairman Klaus Schwab on the sidelines of the the Annual Meeting of the New Champions 2009, also known as the Summer Davos. The three-day forum, held in northeastern China's port city Dalian, has attracted some 1,400 participants from 86 countries and regions to discuss topics about the theme of "Relaunching Growth". Chinese Premier Wen Jiabao (R) shakes hands with founder and executive chairman of World Economic Forum Klaus Schwab during their meeting in Dalian, northeast China's Liaoning Province, Sept. 10, 2009. Klaus Schwab is here to attend the Annual Meeting of the New Champions 2009, also known as the Summer Davos. The WEF has played a positive role in helping the international community reach consensus and jointly tackle global financial crisis, said Wen. Schwab said China actively deals with financial crisis and has facilitated the process of world economic recovery.
BEIJING, Sept. 28 (Xinhua) -- China's Ministry of Commerce (MOC) issued a statement late Monday saying it would approve U.S. automaker General Motors Co.'s (GM) plan to buy part of parts supplier Delphi Corp, but set conditions on the deal to avoid restricting competition. The approval came after an anti-monopoly probe by the MOC into the deal last week and negotiations with the two companies over the deal conditions, aimed to avoid exclusion or restriction of competition, according to the statement. The conditions include a ban on GM and Delphi exchanging trade secrets on Delphi's other Chinese customers, to prevent GM from getting confidential and competitive information. Delphi should also maintain the timeliness and quality of supplies indiscriminately to the other domestic automakers, at market prices. The ministry said it had discussed with the two companies its concerns on competition, and GM and Delphi had come up with solutions. According to a Dow Jones report Monday night, authorities in the U.S. and E.U. had earlier given their approval for the deal, after Delphi, GM's former parts division, received approval from a U.S. court to sell assets to its lender and GM. The report said this would clear the way for the auto-parts supplier, which operates 17 wholly-owned entities and joint ventures in China and 21 manufacturing sites, to end its four-year stay in bankruptcy. Under China's anti-monopoly law, mergers and acquisitions that could impact the domestic market must undergo an anti-monopoly review.
CHANGCHUN, Sept. 8 (Xinhua) -- Chinese Vice Premier Hui Liangyu has urged more efforts to ensure grain production and improve rural livelihoods to ensure fast and steady rural development. Hui made the remark at an agricultural products fair in Changchun, capital of the northeastern Jilin Province on Tuesday, saying the government will continue to see maintaining a fast and steady rural economic development as a top task. He called for promotion of agricultural technology and products to increase the competitiveness of China's agricultural enterprises and their products in the global market. "The overall situation about the country's agriculture and rural development is good, and China has seen a summer grain output growth for six straight years this year", he said. He also urged more efforts to fight drought in parts of China and "try every means" to ensure harvest this fall and a continuous rise in farmers' income. As of Sept. 8, a severe drought has affected 19.72 million mu (1.31 million hectares) of crops in seven provinces of Hunan, Guizhou, Jiangxi, Hubei, Guangdong, Guangxi Zhuang Autonomous Region and Chongqing, according to data from the Office of State Flood Control and Drought Relief Headquarters. About 2.75 million people and about 1.20 million livestock had difficulties getting adequate water supply.
BEIJING, July 31 (Xinhua) -- In an unexceptional courtyard on the street behind Jingshan Hill in central Beijing, two Chinese pines stand side by side. This was the residence of Zhuo Lin, widow of China's late leader Deng Xiaoping. On Wednesday, she passed away, aged 93. Deng was also 93 when he died 12 years ago. To complete the last trip with her beloved husband, Zhuo chose to have her ashes scattered at sea as her husband's were. File photo shows Zhuo Lin (R) poses with her husband Deng Xiaoping in the Taihang Mountains, after they married in Yan'an. Zhuo Lin, a former consultant of the Central Military Commission General Office and widow of China's late leader Deng Xiaoping, died of illness at 12:30 p.m. July 29 after medical treatment failed in Beijing, at the age of 93 TOGETHER THROUGH LIFE Born in southwestern Yunnan Province, she joined the Communist Party of China in 1938 and was a former consultant of the Central Military Commission General Office. She met Deng in the revolutionary shrine Yan'an in 1939 and had accompanied him throughout his extraordinary life, from the Anti-Japanese War from late 1930s to the 1940s to his dark days of repression in the "Cultural Revolution" from 1966 to 1976. File photo shows Zhuo Lin (2nd R) reads a story for her grandson while her husband Deng Xiaoping (L) reads newspaper at their home in Beijing, after Deng retired. Zhuo Lin, a former consultant of the Central Military Commission General Office and widow of China's late leader Deng Xiaoping, died of illness at 12:30 p.m. July 29 after medical treatment failed in Beijing, at the age of 93.Deng Xianqun, Deng's younger sister, recalled how Deng and Zhuo used to have a tacit understanding between each other. "My big brother didn't love talking, but my sister-in-law was just the opposite," she said. According to their children, Zhuo had taken care of all the details of Deng's life, including what to wear and how many sleeping pills he should take. In 1966, when the political storms swept Deng from power as Chinese vice premier, Zhuo was bewildered, wondering what had happened exactly and what the future would hold. But she chose to trust him and be with him. "I've been with him for so long that I'm certain he's an upright man," she told their daughter, Deng Nan. In 1969, Deng was exiled to eastern Jiangxi Province to work on farms. Deng Lin, their eldest daughter, said Zhuo often spoke of the days in Jiangxi when they dug the land, pulled weeds and spread manure. "Mother mostly did easy work, like cooking, as she was not very healthy," Deng Lin said.