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LONDON, Aug. 2 (Xinhua) -- Chinese automaker Geely has completed the acquisition of Volvo Car Corporation from Ford in London.Geely Chairman Li Shufu and Lewis Booth, Ford's chief financial officer (CFO) attended a signing ceremony in London on Monday."This is a historic day for Geely, which is extremely proud to have acquired Volvo Cars," said Li."The signing and completion of this acquisition reflects the commitment of Ford and Volvo executives to the future of this company, along with the vital efforts of union representatives and government officials in Sweden, Belgium and China as well as other relevant countries," said Li."This famous Swedish premium brand will remain true to its core values of safety, quality, environmental care and modern Scandinavian design as it strengthens the existing European and North American markets and expands its presence in China and other emerging markets," he added.Geely named Stefan Jacoby, chief executive of Volkswagen Group of America, as president and chief executive officer of Volvo Cars.Jacoby said: "I am honored to join a company with the prestige and growth potential of Volvo. Our employees, suppliers, dealers, and above all our customers, can be confident that Volvo will preserve its special status as the industry leader in vehicle safety and innovation, even as it pursues new market opportunities."Jacoby will join the board of Volvo Cars, chaired by Geely chairman Li. The board comprises several new directors including Hans-Olov Olsson, former president and chief executive of Volvo Cars and former chief marketing officer of Ford, who will become vice chairman of the board.Hans-Oskarsson, deputy chief financial officer, will replace Stuart Rowley as the CFO of Volvo Cars. Rowley and former Volvo president and chief executive Stephen Odell are moving to leadership roles at Ford of Europe.Geely paid 1.3 billion U.S. dollars in cash plus a 200-million-dollar note, less than the price worth 1.8 billion dollars announced in March due to changes in pension obligations and working capital.Under the new ownership, Volvo Cars will keep its headquarters and manufacturing presence in Sweden and Belgium, and its board will have autonomy to execute its strategic plan. Volvo and Ford will maintain close relations in component supply.

BEIJING, Aug. 2 (Xinhua) -- China and Nepal celebrated the 55th anniversary of diplomatic ties at a reception in Beijing Monday evening.More than 300 guests, including Chinese government officials and foreign diplomats in China, attended the reception, which was co-hosted by the China-Nepal Friendship Association, the Chinese People's Association for Friendship with Foreign Countries (CPAFFC), and Nepalese embassy in China.Chen Haosu, president of the CPAFFC, said in a speech that the years since China and Nepal forged diplomatic ties had witnessed continuous development of their traditional friendship and friendly cooperation as well as frequent high-level exchanges.Political, economic, trade and cultural relations were closer than ever, Chen said.Guests attend a reception co-hosted by the China-Nepal Friendship Association, the Chinese People's Association for Friendship with Foreign Countries (CPAFFC), and Nepalese embassy in China in Beijing, Aug. 2, 2010. China and Nepal celebrated the 55th anniversary of diplomatic ties at the reception in Beijing Monday evening.The two nations, which treated each other on an equal footing, had harmonious coexistence and long-term friendship.Nepalese Ambassador to China Tanka Prasad Karki said that Nepal and China, as good neighbors, all-weather and reliable friends, as well as partners of common development, had maintained sound bilateral ties.Nepal wanted to further learn from China's experience in social and economic growth and enhance its mutually beneficial cooperation with China.China and Nepal forged diplomatic ties in 1955. They established a comprehensive partnership of cooperation at the end of 2009.

BEIJING, July 18 (Xinhua) -- State Councilor Meng Jianzhu Sunday called on China's armed police to enhance their capacity to tackle emergencies and terrorist attacks to ensure China's national security and social stability.Meng, also Minister of Public Security and first political commissar of the Chinese People's Armed Police Force, made the remarks at a plenary meeting of the Communist Party of China (CPC) Committee of the Armed Police Forces.He stressed the leadership of the CPC over the armed police force and said Party building must be enhanced and carried out in a scientific way.He called on the armed police to strengthen ideological and political development.

BEIJING, July 12 (Xinhua) -- Chinese Foreign Minister Yang Jiechi held official talks with his Icelandic counterpart Ossur Skarphedinsson here on Monday, vowing to further expand mutual understanding and push forward bilateral ties up to a new stage.Calling the two countries good friends and partners, Yang said China and Iceland enjoy solid foundation of trust though they had different national conditions. Both sides had fruitful cooperation in the areas such as trade, fishery and culture, and kept sound contacts and coordination in global and regional affairs."China is ready to take the chance of the 40th anniversary of the establishment of diplomatic ties next year to further enhance understanding and cooperation with Iceland," Yang said. Chinese Foreign Minister Yang Jiechi (R) shakes hands with Icelandic Foreign Minister Ossur Skarphedinsson in Beijing, capital of China, July 12, 2010.Skarphedinsson reiterated his country's adherence to the one-China policy, adding Iceland is committed to strengthening bilateral pragmatic cooperation in various areas.Hailing the smooth growth of bilateral ties, he extended appreciation for China's support for his country when it was severely hit by the global financial crisis these years.

CANBERRA, June 21 (Xinhua) -- Visiting Chinese Vice President Xi Jinping and Australian Prime Minister Kevin Rudd hailed here on Monday the relationship between China and Australia, calling for more measures to boost bilateral ties.During the talks between the two leaders in the Parliament House in Canberra, Xi said the bilateral comprehensive cooperative relationship has set "an example" for countries with different political systems, cultural traditions and development stages to seek harmonious relationship and common development.The vice president said the economic complementarity and comprehensive trade and economic cooperation between China and Australia has become an inner impetus driving the advancement of the China-Australia relations at large." hspace="0" src="/d/file/p/2010/06/ec034940ce384971bd7a9d7d0aebf84d.jpg" border="0" />Visiting Chinese Vice President Xi Jinping (R) holds talks with Australian Prime Minister Kevin Rudd in Canberra, capital of Australia, June 21, 2010. He cited that the trade volume between China and Australia still kept growth last year despite worldwide financial crisis.The two-way investment and the expansion of cooperation fields signals that the China-Australia trade and economic cooperation is moving towards a comprehensive, multi-levelled and diversified approach, he said."This is a good blessing for both Chinese and Australian peoples, and it is also a vital element to promoting the balanced development of world economy and sustainable development," Xi said.