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WASHINGTON, April 30 (Xinhua) -- U.S. Secretary of State Hillary Clinton on Friday celebrated here the opening of U.S. Pavilion in 2010 Shanghai World Expo, which kicked off with a grand opening ceremony earlier in the day.Clinton invited business leaders to attend the reception, which featured a live feed from the Pavilion in Shanghai. She said the Pavilion promotes a "people to people connection" between the United States and China, which is "the base of a long-lasting relationship."Clinton thanked corporate partners for their participation, saying the pavilion is not only a partnership between China and the United States, but also a partnership between the U.S. government and the country's corporations.U.S. law forbids using federal money to participate in World Expo. In order to have a presence in the Expo, Clinton committed her "personal prestige" and helped to raise funds for the Pavilion, according to Jose Villarreal, commissioner general of the U.S. exhibition.In all, about 50 corporations became sponsors of the U.S. Pavilion. Deloitte's CEO of Federal Government Services Robin Lineberger said becoming a sponsor can help raise the company's profile.Destination management company Pacific World's North America President Jane Schuldt said the company is providing logistics services for the exhibition and all other sponsors, and as its major clients in the American business world go to the Expo, it went too.When the company "had an opportunity to stand up and support the USA Pavilion ... it seemed exactly the appropriate step to take and support to be given," she said.

BEIJING, April 13 (Xinhua) -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.According to the regulations, the State Council said China will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in China, according to the regulations.Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in China.Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in China.Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.Foreign-funded enterprises are also encouraged to increase their investment in China's central and western regions, particularly in environment friendly and labor-intensive companies.

GENEVA, May 25 (Xinhua) -- The Chinese government is firmly committed to strengthening its friendly cooperation with Africa and supporting the continent in achieving peace and development, a senior Chinese diplomat said here on Tuesday."China is the largest developing country and Africa is home to most developing countries. China-Africa cooperation is an important part of the South-South cooperation," said He Yafei, China's ambassador to the United Nations Office in Geneva.Addressing a forum on Africa's peace and development, He said China, as a permanent member of the UN Security Council, has been always supporting and participating in peacekeeping operations in Africa.Since 1990, China has participated in 12 UN peacekeeping operations in Africa, providing more than 10,000 personnel. Now there are more than 1,600 military staff and civilian police from China in Africa, he said.China supports the conflict-resolution efforts in Africa, participating actively in mediating activities in Darfur, Sudan and other parts of the continent, he added.In addition, China has actively joined the international anti- pirates task force patrolling the waters off Somalia, and made important contribution on keeping the security of the Gulf of Aden and Somali waters.On economic and social fronts, China, for over 50 years, has provided assistance to Africa to the best of its capability, according to the ambassador.China has made 7.8 billion U.S. dollars of direct investments in Africa by 2008. By the end of 2009, China had built more than 900 infrastructure and public welfare projects, sent 17,000 medical personnel to 47 African countries, where they had treated 200 million patients, provided over 20,000 government scholarships.In order to further strengthen the friendly cooperation between China and Africa, to jointly meet the challenge of economic globalization and to promote common development, the Forum on China-Africa Cooperation was established by China and friendly African countries in 2000, the ambassador said.Since its establishment, the Forum has held one summit and four ministerial conferences, with Chinese leaders announcing a lot of measures to strengthen cooperation with Africa and support African development."This year marks the 10th anniversary of Forum on China-Africa Cooperation. We believe that this Forum will play an even bigger role in facilitating cooperation and relationship between China and Africa," He said.

PYONGYANG, May 9 (Xinhua) -- The Rodong Sinmun, a leading newspaper of the Democratic People's Republic of Korea (DPRK), hailed the recent successful visit to China by top leader Kim Jong Il in an editorial published Sunday.The editorial said that the people of the DPRK are "very glad and excited" about the visit. It is a "meaningful opportunity" to strengthen the friendship between the two parties and the leaders of the two countries.The article also indicated that the DPRK will make efforts to further strengthen the traditional DPRK-China friendship.Both countries shared the view that peace, stability and prosperity of the Korean Peninsula are in the common interests of the two countries and other Northeastern Asian nations, the editorial said.The two sides will make joint efforts to achieve the objective of denuclearizing the Peninsula on the basis of the Sept. 19 Joint Statement, it added.The editorial also said that the people of the DPRK sincerely wish the Chinese people still greater achievements in their socialist construction and the cause for national reunification.Kim Jong Il made an unofficial visit to China from May 3 to 7. He has visited China for five times since 2000.

BEIJING, April 6 (Xinhua) -- China's outstanding external debt reached 428.6 billion U.S.dollars by the end of 2009, up 14.4 percent from a year earlier, the State Administration of Foreign Exchange (SAFE) said here in a statement on its website Tuesday.The figure excluded Hong Kong Special Administrative Region (SAR), Macao SAR, and Taiwan.The country's registered foreign debt was equivalent to 266.95 billion U.S. dollars by the end of last year, up 2.5 percent from the 2008 level. Outstanding trade credits stood at 161.7 billion U.S.dollars, according to SAFE.China's foreign debt service ratio was 2.87 percent, while the foreign debt ratio and liability ratio stood at 32.15 percent and 8.73 percent, respectively, SAFE said.Mid- and long-term external debt, accounting for 39.52 percent of all outstanding foreign debt, totaled 169.39 billion U.S.dollars by 2009, most of which came from manufacturing and infrastructure construction in transportation, storage and postal services, it said.Short-term external debt rose 23 percent to 259.26 billion U.S.dollars year on year by the end of 2009, accounting for 60.48 percent of the total.New mid- and long-term debt in 2009 declined 38.18 percent to 22.45 billion U.S.dollars from a year earlier.China repaid principals for mid- and long-term loans of 34.19 billion U.S. dollars and 3.63 billion U.S. dollars in interest in 2009, up 46.78 percent and down 12.64 percent year on year, respectively, said SAFE.