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BEIJING, Nov. 28 (Xinhua) -- China National Offshore Oil Company Limited (CNOOC) said Sunday Bridas Corporation, a joint-venture equally-owned by CNOOC International Limited and Argentina-based Bridas Energy Holdings (BEH), will acquire a 60 percent equity interest in Pan American Energy (PAE) from BP for approximately 7.06 billion U.S. dollars.The acquisition excludes PAE's assets in Bolivia, according to a statement on the website of CNOOC, China's largest offshore oil and gas producer.CNOOC International, a wholly owned subsidiary of the company, and BEH have agreed to contribute about 4.94 billion U.S. dollars to Bridas to finance 70 percent of the proposed acquisition. The contribution will be made in equal amounts of approximately 2.47 billion U.S. dollars by CNOOC International and BEH.The remaining 30 percent, or approximately 2.12 billion U.S. dollars, will be satisfied by third party loans to be arranged by Bridas and additional contributions from CNOOC International and BEH.Completion of the acquisition is conditional on, among others factors, all necessary government and regulatory approvals, and is expected to take place in the first half of 2011.In the first half of 2010, CNOOC International and BEH completed the formation of a half-half joint venture in Bridas.

YOKOHAMA, Japan, Nov. 13 (Xinhua) -- Chinese President Hu Jintao put forward a proposal for promoting economic growth in the region at the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum here on Saturday.At a separate session of business leaders, Hu urged the international community to fully appreciate the difficulties and challenges of emerging markets while acknowledging their contribution to world development.China is firmly committed to peaceful development, and strives for common development of all nations while pursuing its own, he said.The Chinese president also met Japanese Prime Minister Naoto Kan on the sidelines of the APEC meeting.Chinese President Hu Jintao attends the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) in Yokohama, Japan, Nov.13, 2010.PROPOSAL FOR PROMOTING GTOWTH IN ASIA-PACIFICHu put forward the proposal for promoting sound and fast economic growth in the Asia-Pacific region after the meeting opened in the afternoon.In the five-point proposal, Hu firstly called on the APEC economies to promote balanced growth to facilitate long-term economic development.They should should seek balanced growth both within a member economy and among all member economies, he said."We should increase input to help developing members achieve their full potential and narrow the North-South gap," Hu said.He called on APEC members to move toward a more rational division of labor, a more balanced financial and trade structure, more efficient allocation of resources and more equitable sharing of benefits.Secondly, Hu said the APEC members should advocate inclusive growth to boost the internal dynamism of economic development."The aim is to get people involved in development, protect their interests and enable them to benefit from development," he said.Thirdly, Hu called on the APEC members to bolster sustainable growth.He proposed that China hold the first APEC Forestry Ministerial Meeting to advance region-wide cooperation on forestry. He also called for closer cooperation on the APEC Low-Carbon Model Town Project.Fourthly, Hu said it was necessary to encourage innovative growth.The president asked the APEC members to facilitate the cultivation and movement of innovative and high-skilled people, who could provide strong human capital and scientific and technological support for economic development, and promote a shift toward innovation-driven growth."Developed members of APEC should scale up technology transfer and help developing members build capacity for innovative growth," Hu said.Fifthly, Hu said APEC members should work to ensure secure growth to protect the results of economic development, calling for furthering exchanges and cooperation in counter-terrorism, disaster prevention and reduction, food security, energy and resources security and public health.The annual Economic Leaders' Meeting is the top decision-making body of the APEC forum. The theme for this year's meeting is "Change and Action."

NANJING, Dec. 13 (Xinhua) -- About 5,000 Chinese and foreigners gathered Monday in Nanjing, capital of east China's Jiangsu Province, to mourn hundreds of thousands of people who were killed by invading Japanese troops 73 years ago.Participants in the ceremony stood in silent tribute, offered wreaths and bowed in front of the Memorial Hall of the Victims in the Nanjing Massacre, with sirens wailing in the drizzling morning on Monday, the 73rd anniversary of the massive slaughter."The Japanese soldiers invaded Nanjing when I was four, and they killed some of my family members. On the anniversary of the massacre every year I would come here to express my grief," said Sun Xuelan, a 77-year-old survivor, who is confined to a wheelchair.Japanese troops occupied Nanjing on Dec. 13, 1937 and began a six-week massacre. Records show more than 300,000 people -- not only disarmed soldiers , but also civilians -- were killed.Mikhalchev Mikhail, deputy director of the Central Museum of the Great Patriotic War in Russia, said, "In the history of human civilization, some facts shouldn't be forgotten, and the Nanjing Massacre was one of them."He noted that the tragedy had become a symbol of the Chinese people's bitter suffering and prompted all people to learn the preciousness of peace.""We should remember the history, but not hatred. Peace is a common desire of all human beings," said Nanjing citizen Yu Hong , who attended the ceremony.Besides the memorial ceremony, Buddhist monks from China and Japan held a religious service Monday at the Memorial Hall of the Victims of the Nanjing Massacre.The assembly was attended by 15 monks from six Buddhist temples in Japan, more than 50 monks and Buddhist believers from China and thirty Massacre survivors and relatives of victims.The monks chanted Buddhist prayers of mourning and prayed for peace.Aori Take Shuna, abbot of Japan's Reiunti Temple, read a poem he wrote to honor the dead and prayed for long-term friendship between the peoples of China and Japan.Yamauchi Sayoko, who was a representative of a sect of Japanese Buddhism, said that the people of Japan, which invaded and occupied China in the 1930s and 1940s, were deeply regretful for the victims of the war and sincerely hoped such a tragedy would never be repeated.Built in 1985, the memorial hall annually records five million visitors since it was expanded and renovated in 2007.Zhu Chengshan, curator of the hall, said that every year when the anniversary of the Nanjing Massacre occurs , nearly 10,000 Nanjing citizens would swarm the hall and spontaneously mourn the victims.On Sunday, workers began to extend a memorial wall at the memorial hall on which names of those killed are engraved.After the extension, the wall would have 10,324 names, 1,724 more than three years ago, Zhu said.Collecting the names of the victims was an important job in researching the Massacre, but it was difficult to find witnesses and documents decades later, he said.Moreover, a group of historians from China, Japan and the United States has begun compiling an encyclopedia on the Nanjing Massacre, which was expected to embody a wide range of historical documents and pictures. "The dictionary may serve as a consolation to the deceased," Zhu said.

BOGOTA, Dec. 28 (Xinhua) -- Colombian Vice President Angelino Garzon on Tuesday met with visiting Chinese State Councilor Liu Yandong to discuss the development of relations between their two countries.Liu said the relations between China and Colombia had maintained a sound momentum of development since they forged diplomatic ties 30 years ago.Exchanges and cooperation in the fields of politics, economy, education, technology and culture had yielded rich fruit, and the two countries had maintained coordination and cooperation in international and regional affairs, Liu said.Both China and Colombia - two developing countries with extensive common interests - were shouldering responsibilities of economic development and improving people's livelihood, she said.China cherished the friendship with Colombia and wanted to join Colombia in advancing their friendly and mutually beneficial cooperation, Liu said.The Chinese state councilor also said exchanges and cooperation in the fields such as culture, education and technology had great potential for further development, which should be new spotlights in bilateral relations.She called for continued strengthening of technological and educational cooperation and expanding cultural exchanges.Garzon expressed his gratitude for the sympathy and condolences China had extended to Colombia over its severe floods.China-Colombia ties were developing well, and Colombia highly valued its relations with China, he said.Garzon also said the two countries had great potential in mutually beneficial cooperation, and Colombia was willing to expand cooperation with China in economy, technology, education and culture.Colombia firmly adhered to the one China policy, he said.After the meeting, Liu and Garzon attended a signing ceremony for cooperation agreements on education as well as science and technology.

BEIJING, Dec. 1 (Xinhua) -- The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 55.2 percent in November, up 0.5 percentage points from October, the China Federation of Logistics and Purchasing said Wednesday.The figure marked the 21th straight month that the index was above the boom-and-bust line of 50 percent.The PMI includes a package of indices to measure performance of the country's manufacturing sector. A reading above 50 percent indicates economic expansion, while that below 50 percent indicates contraction. 

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