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HONG KONG, June 25 (Xinhua) -- Air China, China's leading carrier listed in Hong Kong, said late Friday that it would pay 1. 3 98 billion U.S. dollars to buy 20 Boeing 737-800 planes.In a statement filed to the HK stock exchange, the carrier said the cost would be "payable by cash in installments" and it would " take delivery of the Boeing Aircraft in stages from 2013 to 2015"."The aircraft price is subject to price escalation by applying a formula. Boeing Company has granted to the Company (Air China) significant price concessions with regard to the Boeing Aircraft," said the statement.The transaction will be funded through cash generated from Air China's business operations, commercial bank loans and other financing instruments of Air China, said the statement.The Beijing-based airlines said the transaction would expand its fleet capacity with an increase of around 5 percent based on available tonne kilometers of Air China by the end of 2009.In particular, the deal would reinforce Air China's market share in the Chinese domestic market, and would also increase frequency of flights for a number of domestic and neighboring international routes, it added.By the end of September last year. Air China owned 256 passenger planes, mostly Boeing and Airbus. It operated 250 routes covering 32 countries and regions worldwide. It currently has another 130 or so planes in several orders.
MOSCOW, July 6 (Xinhua) -- Chairman of Russian Federation Council Sergei Mironov on Tuesday held talks with visiting Vice Chairman of the Standing Committee of the National People's Congress (NPC) Hua Jianmin, pledging to keep on injecting new momentum into the deepening of bilateral relations of the two countries.Hua, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, told Mironov that the frequent exchanges between the two nations' senior officials, as well as the deepening mutual political trust, have pushed the relationship between Russia and China to its best historical stage. Chairman of Russian Federation Council Sergei Mironov (R) meets with visiting Vice Chairman of the Standing Committee of China's National People's Congress (NPC) Hua Jianmin, who is also the chairman of Sino-Russian Friendship, Peace and Development Council, in Moscow, capital of Russia, July 6, 2010.He said the strategic partnership of cooperation between the two countries have been demonstrated in all kinds of collaboration, and the continuous boosting of the strategic partnership of cooperation was in accordance with the fundamental interests of the two countries.Hua believed that Mironov's visit to China, in the coming September when he would hold talks with Wu Bangguo, the Chairman of NPC Standing Committee, will add a new chapter to Sino-Russian cooperation.

HARARE, June 15 (Xinhua) -- Common Market for Eastern and Southern Africa (COMESA) Secretary-General Sindiso Ngwenya on Tuesday urged China to enter into joint ventures with Africa's largest regional trading and economic grouping to capitalize on the customs union that was launched last year.The Common Market for Eastern and Southern Africa, boasting 19 member states and a population of more than 450 million, is endowed with vast natural and human resources that make it a fertile investment destination, Ngwenya said."With a combined population of 456 million and a combined Gross Domestic Product of 450 billion U.S. dollars, this region is very rich in natural resources, rich in human resources and land for agriculture."This region will therefore become the region of first choice for investment and has the potential to feed the whole world," Ngwenya told Xinhua in an interview.He said China should take COMESA as its preferred investment destination and increase trade with Africa's largest trading and economic grouping.Ngwenya has previously urged more Chinese investment in the manufacturing sector so that Africa can move up the value chain and increase the incomes of its people while ensuring that less wealth is exported abroad.Trade between COMESA countries and China has also been growing by between 50 percent and 100 percent depending on the country, but on average by more than 50 percent annually and by the end of 2008 China-Africa trade was approaching the 100 billion U.S. dollars, according to Ngwenya.Ngwenya said the COMESA Customs Union presented immense opportunities for the Asian giant to deepen and consolidate economic cooperation with member states, most of whom it had strong bilateral, economic and political ties with. China has diplomatic relations with nearly all African countries.
URUMQI, Aug. 3 (Xinhua)-- Six people were dead and two were missing in a flood that hit northwest China's Xinjiang Uygur Autonomous Region on July 26, said local authorities Monday.Torrential rains pounded Akto County from July 26 to 27, triggered flooding, damaged houses and mines, according to the committee of the Communist Party of China of Kizilsu Kirgiz Autonomous Prefecture which administers the county.
SALZBURG, Austria, June 21 (Xinhua) -- Visiting Chinese Vice Premier Zhang Dejiang met here Monday with governor of the Austrian state of Salzburg Gabi Burgstaller.Zhang said China-Austria relations have developed smoothly with strengthened cooperation in various fields, and the two governments have actively boosted interregional cooperation between the two countries.The state of Salzburg has abundant resources of tourism and culture, and rich experience and technology on environmental protection and culture industry, said Zhang, adding Salzburg has set up friendly relations with China's Shanghai city and Hainan province and carried out fruitful cooperation.Zhang expressed his hope that the two countries would enhance interregional cooperation for the sake of common development.Visiting Chinese Vice Premier Zhang Dejiang (L) meets with governor of the Austrian state of Salzburg Gabi Burgstaller in Salzburg, Austria, June 21, 2010.Burgstaller said the Chinese government, in addressing the international financial crisis, made proper policies and played a positive and important role in boosting world recovery.Burgstaller said Salzburg has established friendly ties with some Chinese provinces and cities, adding they have carried out very effective and smooth cooperation.Salzburg hopes to further understand and learn from China through cooperation with Chinese provinces and cities, and expand exchanges and cooperation, she added.Zhang also met with mayor of Salzburg city Heinz Schaden.
来源:资阳报