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ISLAMABAD, Jan. 1 (Xinhua) -- Pakistan and China on Saturday officially launched the Pakistan-China Friendship Year of 2011 in Islamabad, which will feature a year-long celebration to mark the 60th anniversary of the establishment of diplomatic relations between the two countries.Addressing a ceremony in the Pakistan-China Friendship Center, Pakistani Foreign Minister Shah Mahmood Qureshi said a series of events and activities will begin countrywide with the start of 2011, which was declared as the Year of Friendship by Chinese Premier Wen Jiabao and his Pakistani counterpart Yousuf Raza Gilani during Wen's visit to Pakistan in December.Qureshi termed the ceremony held in the friendship center as significant, saying the cultural complex itself, recently inaugurated by Wen and Gilani, is a symbol of the friendship between the two neighbors.Chinese Ambassador to Pakistan Liu Jian said the Chinese premier paid a successful and historic visit to Pakistan and the year of 2010 witnessed a continued, stable and vigorous growth of the strategic partnership of bilateral cooperation.Liu said China and Pakistan will hold a series of wonderful commemorative activities covering such fields as politics, economy, culture, education, sports, military and others in the new year.He believed that all the activities will further promote mutual understanding and brotherly friendship between the two peoples and bring the all-weather relations to a new high.At the ceremony, Pakistani Foreign Secretary Salman Bashir conveyed the congratulatory messages from Pakistani President Asif Ali Zardari and Prime Minister Yusuf Raza Gilani on the commencement of the Pakistan-China Friendship Year.

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.

BEIJING, Nov. 19 (Xinhua) -- Chinese ministries and local governments have coordinated efforts to combat price hikes by increasing grain supplies, clamping down on speculation and offering subsidies, as the central government has growing concerns about rising inflation.In a move to head off price hikes, the State Administration of Grain will increase sales of grain supplies to meet the public's needs and stabilize market prices, the agency said in a statement posted on its website Friday.Additionally, it will sell a set amount of cooking vegetable oil and soybeans from government reserves beginning next week, in addition to the weekly sales of wheat, rice and corn that has already begun, the statement said.The authority will also send groups of staff to major grain production regions to inspect and guide purchases of autumn grain and regulate business practices, it added.The statement said the move was designed to protect farmers' interests and maintain moderate prices in the grain market.Further, the Ministry of Agriculture announced Friday that it will work to add 8 million mu (0.53 million hectares) of planting areas for vegetables and 2 million mu for potatoes to stabilize agricultural production and increase vegetable supplies during the winter.Also, Zhou Bohua, head of the State Administration of Industry and Commerce, said the administration will "seriously" work to prevent the hoarding of agricultural products, forcing up prices and other speculative practices.These measures echoed the central government's call to tame price rises.China's State Council, or the Cabinet, on Wednesday announced price control guidelines to reassure consumers facing rising inflation.The efforts mainly included imposing temporary price controls on important daily necessities and production materials when necessary, and urging local authorities to offer temporary subsidies to needy families.In addition, the government will work to ensure market supplies and strengthen market supervision.Local governments also unveiled specific measures intended to help people pressured by the higher cost of living. The city government of Changchun, capital of northeastern Jilin province, has announced it will hand out subsidies to more than 40,000 low-income households this month, distributing 50 yuan to each household.Also, Mao Zhiming, an official with the city government of Taiyuan of northern Shanxi province, said the city will offer subsidies to low-income families each month beginning from the first month when the local consumer price index (CPI) rises above 3 percent and continuing until the third month that the CPI remains below 3 percent.

THE HAGUE, Nov. 29 (Xinhua) -- As the 2012 deadline for the complete destruction of chemical weapons approaches, China Monday called for parties to demonstrate their political will and speed up the destruction process.During the 15th session of the Conference of the States Parties of OPCW, Ambassador Zhang Jun, Permanent Representative of China to the Organization for the Prohibition of Chemical Weapons (OPCW) said the Chemical Weapons Convention has been playing "an important role" in removing the threat of chemical weapons.Zhang said: "The timely completion of destruction activities constitutes a core obligation under the Convention. The destruction of chemical weapons is the most important, pressing and overriding task for the OPCW at present and in the years to come."

BEIJING, Dec. 8 (Xinhua) -- China will work with the United States to enhance dialogue, exchanges and cooperation, properly handle differences and sensitive issues to push forward bilateral ties, Vice Premier Li Keqiang said here Wednesday.Li, during an hour-long meeting with a delegation of Chinese American elites, said current Chinese-U.S. relations were developing steadily."A sound Chinese-U.S. relationship is conducive to the fundamental interests of the two states, and to peace, stability and prosperity of the Asia-Pacific region and the world at large," Li told the Committee of 100, headed by Chairman John S. Chen.Chinese Vice Premier Li Keqiang (L) meets with John S. Chen, Chairman of the Committee of 100 from the United States, in Beijing, China, Dec. 8, 2010. Founded in 1990, the Committee of 100 now has some 140 members, who are both successful and well-known Chinese in the United States and are determined to bolster U.S.-China relations. Li hailed the booming Chinese-U.S. economic ties, labelling the relationship as mutually-beneficial.He urged the Committee of 100, which has many members from the business community, to further contribute to bilateral trade and economic ties.In his turn, Chen, also chairman, CEO and president of the software giant Sybase, applauded China's development achievements and vowed to make more efforts in promoting bilateral ties.Founded in 1990, the Committee of 100 now has some 140 members, who are both successful and well-known Chinese in the United States and are determined to bolster U.S.-China relations.

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