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ATHENS, Oct. 3 (Xinhua) -- Chinese Premier Wen Jiabao on Sunday pledged to support a stable euro and strengthen cooperation with the European Union (EU)."China will not reduce its euro-bond holdings and China supports a stable euro," Wen said during a speech at the Greek parliament.China and the EU have signed a string of important trade investment contracts to help Europe overcome its financial difficulties, said Wen who arrived in Athens on Saturday on a three-day official visit.Since the outbreak of the global financial crisis, Chinese leaders have visited Europe several times and had frequent meetings with EU leaders, noted the Chinese premier.That, he said, shows Beijing attaches great importance to China-EU relations and "wants to join you in a concerted effort to tide over difficulties."After some European countries suffered sovereign debt crisis earlier this year, Wen said, his government announced many times that Beijing firmly supports the measures adopted by the EU and the International Monetary Fund."China is sincere in enhancing cooperation with Europe and we are confident about the prospects of our cooperation," Wen said.Thanks to joint efforts, China-EU trade has already exceeded the pre-crisis level, he said."China is committed to advancing China-EU relations. This is not an expediency, but a long-term strategic policy," Wen said.

BEIJING, Aug. 29 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC), one of the country's leading engineering, procurement and construction firms, said its net profit for the first six months of 2010 grew by 58.61 percent.Net profits totaled 653 million yuan (96 million U.S. dollars) while earnings per share stood at 0.13 yuan, up 20.37 percent from one year earlier, the company said in a statement filed with the Shanghai Stock Exchange late Sunday.CNCEC said its revenues during the first half of this year were valued at 14.57 billion yuan, among which project construction contracts accounted for 13.03 billion yuan, up 15.97 percent from one year earlier.The Beijing-based company has also made progress in overseas markets where revenues increased by 63.53 percent to nearly three billion yuan, while domestic revenues grew by 8.54 percent to 11.5 billion yuan, according to the statement.CNCEC attributed its strong performance to collective material purchasing, improved outsourcing and investment management, continuously reduced project costs and an effective human resources incentive mechanism.

LISBON, Nov. 7 (Xinhua) -- Chinese President Hu Jintao concluded his state visit to Portugal on Sunday and has left the Portuguese capital of Lisbon for home.The president arrived in Lisbon on Saturday after a three-day state visit to France that began on Thursday.In Lisbon, Hu had talks with Portuguese President Anibal Cavaco Silva and met other Portuguese leaders, exchanging views on how to deepen bilateral pragmatic cooperation. Both sides also discussed major world and regional issues of common concern.Hu and Silva agreed to work together to deepen the comprehensive strategic partnership between the two countries. Chinese President Hu Jintao (L) and Portuguese Prime Minister Jose Socrates hold a joint press conference in Lisbon, Portugal, Nov. 7, 2010. In France, Hu and his French counterpart Nicolas Sarkozy met for talks and agreed to make joint efforts to boost bilateral cooperation.Hu said in the talks that since diplomatic ties were forged 46 years ago, the China-France relationship has been characterized by its strategic and global nature and its ability to move with the times.The Chinese president called on both sides to continuously deepen mutual understanding by carrying out high-level visits and exchanges between governments, legislatures, political parties and regions.Both countries should advance with the times, be creative in practical cooperation, expand trade and try to double their trade volume by 2015, he said.During Hu's visit, China and France signed a host of cooperation agreements covering a wide range of areas, including nuclear energy, aviation, finance, energy efficiency, and environmental protection.On Thursday, China and France issued a joint statement on strengthening their comprehensive strategic partnership.The statement said the two countries should make a major contribution to peace, stability and development of the world, conform to the purposes and principles of the UN Charter, promote multilateralism and respect the independent and sovereign choice for the development of each country.Analysts said that the Chinese president's state visits to France and Portugal have promoted not only bilateral cooperation, but also the development of China-Europe ties.

BEIJING, Oct. 15 (Xinhua) -- The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.Friday's central parity rate beat the previous record of 6.6582 on Oct. 14.The yuan has picked up its strength against the U.S. dollars and seen increased volatility in the trading days since the People's Bank of China (PBOC), the central bank, announced on June 19 this year to increase exchange rate flexibility.Based on Friday's central parity, the Chinese currency has strengthened against the U.S. dollar by about 2.65 percent from the rate of 6.8275 per U.S. dollar that was set a day before the PBOC's pledge to increase flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.The PBOC released the yuan's central parity rates against a basket of currencies -- the U.S. dollar, the euro, the Japanese yen, the Hong Kong dollar, the British pound and the Malaysian Ringgit.The yuan's parity rate against the euro was set by the central bank at 9.3259 Friday, higher from 9.3491 on Oct. 14, the previous trading day.The yuan's rate against 100 yen was 8.1531 Friday, compared with 8.1611on Thursday.The yuan's rate against the British pound was 10.6305, compared with 10.6192 on the previous trading day.The central parity of RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.The central parity of RMB against the other five currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the five currencies against the U.S. dollar at 9 a.m. (0100 GMT) of the same business day in the international foreign exchange market.

XIAMEN, Sept. 7 (Xinhua) -- The 2nd World Investment Forum (WIF), seeking to offer insights on the balance between investment and sustainable development, kicked off Tuesday in the coastal city of Xiamen of southeastern Fujian Province.With the theme of "Investment for Sustainable Development", the current forum, organized by the United Nations Conference on Trade and Development (UNCTAD), have attracted more than 1,500 oversease investors, policymakers and international organization representatives.Among the attendants to the forum are World Trade Organization Director-General Pascal Lamy, prime ministers from Greece, Zimbabwe and Mongolia, and presidents from Bulgaria, Peru, Ghana and Jamaica.The high-profile attendance "demonstrates the importance that international investment has gained as an engine of growth and development," UNCTAD Secretary-General Supachai Panitchpakdi said at the opening ceremony of the forum.According to Supachai, the three-day forum will examine the challenges and opportunities for global investment in a post-crisis economy.Supachai urged "a new generation of investment policies" to promote the transformation towards a low carbon economy.The forum will include a series of conferences on topics such as the impact of investment on sustainable development, how stock exchanges can promote sustainable business practices and the need for a recognised set of principles for borrowers and lenders that promotes sustainable debt and credit conditions.Also included are a ministerial round table meeting that will address investment policy coherence in the post-crisis environment and presentations from several countries showcasing climate change-related investment projects.Chinese Vice President Xi Jinping delivered a keynote speech at the ongoing opening ceremony of the 2nd World Investment Forum, which is sponsored by the United Nations Conference on Trade and Development (UNCTAD).