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BEIJING, Aug. 16 (Xinhua) -- Ye Ling, a college student in Nanjing, got a present delivered to her doorstep Monday morning, a watch for China's Valentine's Day sent by her boyfriend from faraway Gansu Province.Her boyfriend Liu Le, a medical student, sent the gift on his way to Zhouqu in the northwest Gansu which was hit by a catastrophic mudslide. He went there as a volunteer."I ordered the gift online when I was transferring in Lanzhou (capital city of Gansu)," Liu said.Qixi Festival, or Chinese Valentine's Day, falls on Aug. 16 this year according to the lunar calendar.The festival originated from a folk tale that a fairy called Zhi Nu married a mere mortal called Niu Lang and had two children. But the Goddess of Heaven was against their marriage and when they ascended to heaven as two stars, she separated them by the Milky Way.But, according to the story, magpies felt sorry for the lovers and so every year fly up to the heaven to form a bridge, so that the lovers can reunite for a single night.Moved by the story, Chinese began to celebrate love on the date of the couple's annual reunion since the Han Dynasty (202 B.C. to 220 A.D.). In 2006, Qixi was listed as an intangible cultural heritage by China's State Council.Now as many couples are separated by work or study, people have begun looking for their modern "magpie bridge" to unite them in virtual space, enabled by the Internet.Jin Jing, a magazine editor based in Beijing, 26, planted "a tree of love" in her virtual garden, a game application on the social networking site, Kaixin001.com."My husband is working in Shanghai, and I wanted to give him the tree as a Qixi gift. I miss him."Special Qixi gifts have been on Kaixin001 since Aug. 10, and users can plant "lover fruits" or "heart-shaped tree root" in their online gardens.Lu Hua, a graduate student in Beijing, sent his girlfriend, who is pursuing a doctorate degree in Hong Kong, a MSN text to wish her happy Qixi Monday morning.Lu said he and his girlfriend celebrated the day by watching movies and TV series online simultaneously, and then exchanged ideas online by chatting via video.On the micro-blog on sina.com.cn, Qixi has topped today's topic list. Tens of thousands of bloggers expressed their views of scenarios they believed as the most romantic.A blogger identified as Kaka0403 said, "I think talking with my husband through online video is the most romantic thing, because I can see his smile and hear his voice."

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, July 7 (Xinhua) -- Agricultural Bank of China (ABC), the last of the country's largest four banks to go public, announced Wednesday that it has set its A-share initial public offering (IPO) price at 2.68 yuan per share, hitting the high end of its IPO price range.The pricing of the shares means the bank could raise up to 10.12 billion U.S. dollars via the Shanghai portion of the IPO, as a greenshoe option has been exercised to expand the deal by 15 percent to 25.57 billion shares, ABC said in a statement filed with the Shanghai Stock Exchange.ABC plans a dual listing in Shanghai and Hong Kong in mid-July to replenish its capital base after a lending spree last year.It has yet to set the final IPO price for its Hong Kong portion, where it plans to sell 25.41 billion shares, excluding an over-allotment option.ABC set the price range for the Hong Kong portion at 2.88 to 3.48 HK dollars in late June.

BEIJING, July 30 (Xinhua) -- China's gross domestic product (GDP) is expected to expand more than 9 percent in 2010, Yi Gang, head of the State Administration of Foreign Exchange (SAFE), said Friday.Yi, also deputy governor of the People's Bank of China, the central bank, made the remarks in an interview with China Reform magazine, which is posted on the SAFE website Friday.China's GDP grew 11.1 percent in the first half of 2010 from the same period of last year.Yi said China's economic growth rate will eventually slow down because its economic base is expanding, while the country's development faces huge pressure in fields of environmental protection, resources and energy."The restriction caused by environmental factors has been unprecedented, such as underground water, air, and carbon emission," Yi said.Yi said the priority of China's economy is the quality of the growth."That's why we have to restructure and transform growth modes -- for improving the growth quality and the efficiency," Yi said.

BEIJING, Aug. 19 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged food quality authorities to strengthen supervision in order to significantly improve food safety.Li, who also chairs a national food safety commission, made the remarks at a recent conference of the commission.He further called for efforts to optimize the supervision and accountability system for food safety, which would be made up of local governments, food companies and other related government departments.Authorities must constantly crackdown on unsafe food, with specific operations to uncover and destroy "problem milk powder" .Chinese Vice Premier Li Keqiang (2nd L, back) presides over a plenary meeting of the food safety commission under the State Council in Beijing, capital of China, Aug. 16, 2010.The government would hold accountable related officials in areas recording repeated food safety incidents and those who committed dereliction of duty in food safety supervision, he said.A long-term mechanism must be formed to ensure the safety of "major products" such as diary products and edible oil, he said.At the conference, senior officials from the health ministry and other central departments described the ongoing work of uncovering "problem milk powder" and the plans to establish a long-term mechanism to ensure the safety of diary products.The establishment of the commission early this year followed a string of nationwide crackdowns and arrests in the wake of new melamine-tainted milk products being found in Shanghai as well as Liaoning, Shandong and Shaanxi in recent months.The melamine milk scandal occurred in 2008. Milk laced with melamine led to the deaths of six babies and sickened 300,000 others who had been fed with baby formula made from tainted milk.