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BEIJING, March 30 (Xinhua) -- Chinese auto maker Zhejiang Geely Holding Group is ready to inject 900 million U.S. dollars operating capital into Volvo on top of the 1.8 billion U.S. dollars purchase price, Geely chairman Li Shufu said Tuesday."We should not only inject money into Volvo, but also endeavor to improve Volvo's profit-making capability," Li said at a press conference to discuss the Volvo takeover.The Zhejiang-based Geely signed a deal with Ford Motor Co. Sunday in Sweden to acquire the U.S. auto giant's Volvo car unit.The photo taken on March 23, 2010 shows Volvo assembly plant in the suburbs of western Belgian city of Gent. China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. in Goteborg of Sweden on March 28, 2010 to acquire the U.S. auto giant's Volvo car unit"Geely is Geely, while Volvo is Volvo. Geely will not produce Volvo, and Volvo will not produce Geely," said Li, also the founder of the firm, adding that Volvo would keep its unique characteristics after the takeover.Li said Volvo's biggest problem was its small production scale and high research and development expenses, adding Volvo should try to increase production and sales to cut costs.
WASHINGTON, April 13 (Xinhua) -- Chinese President Hu Jintao and German Chancellor Angela Merkel on Tuesday agreed to further the ties of the two countries.Hu said China-Germany relations are developing soundly, and leaders of the two countries have maintained close contact.China and Germany enjoy good opportunities to move forward their ties under the current complex and changeable international circumstances, said Hu. China is willing to join hands with Germany to raise bilateral ties to a new high, he added.He said China welcomes German President Horst Kohler's visit to China in May and his attendance of the Shanghai World Expo.The two countries have vigorously cooperated in the fields of economics and trade, culture, education, science and technology and justice, and enhanced communication and coordination on regional and international issues.Chinese President Hu Jintao (R) shakes hands with German Chancellor Angela Merkel in Washington, the United States, April 13, 2010. Hu and Merkel are in Washington to attend the Nuclear Security Summit.As to climate change, Hu emphasized the issue concerns the world's sustainable growth and the well-being of the peoples of different countries, so it requires joint response from the international community.The Chinese president said the results of the Copenhagen climate change conference were hard-won, and developed countries should honor their promises to provide fund and transfer technology to developing countries.

BEIJING, May 24 (Xinhua) -- Clean energy projects, specifically new energy vehicles, energy-efficient construction and clean coal technology, are the key areas of science cooperation between China and the United States, a Chinese official said here on Monday.According to a new agreement between the two countries, they will invest in joint laboratories, and support research in related areas, Cao Jianlin, vice minister of science and technology of China, told a news briefing on the second China-U.S. Strategic and Economic Dialogues."Both China and the U.S. are the major car production and consumption countries thus both seek to develop new energy vehicles," said Cao.China is the biggest construction market in the world and a major coal consumption country, while the U.S. is also eyeing energy conservation in construction and coal consumption, he said.The U.S. is a country with advanced technologies, and China also has cutting-edge technologies regarding energy applications. The complementary cooperation between the two will benefit both Chinese and American people, Cao added.
BEIJING, April 17 (Xinhua) -- Chinese Vice Premier Li Keqiang urged more efforts to expand domestic demand and restructure the economy to revitalize the old industrial base in northeast China.Li made the remarks during an inspection tour to northeast China's Liaoning Province between Wednesday and Saturday.Urbanization, which in itself is a kind of economic restructuring, offered great potentials for expanding domestic demand, Li said.Chinese Vice Premier Li Keqiang (4th R) listens to the introduction of the comprehensive plan of the construction of Lingang Industrial Park at Changxingdao in Dalian, northeast China's Liaoning Province, April 15, 2010. Li made an inspection tour in Liaoning from April 14 to 17.He also stressed the role of scientific and technological innovations in transforming the economic development mode and creating new advantages in competition.Improved livelihood of the people is a major symbol for the revitalization of the old industrial base, said Li, urging local governments to step up efforts to improve people's well-being in the process of economic development
BEIJING, April 18 (Xinhua) -- State Councilor Ma Kai Sunday called for improved academic research on administration reform to address problems in the administration structure hampering efforts to restructure.Ma, also president of the Chinese Academy of Governance, made the remarks here Sunday at a conference to inaugurate a research society focused on administrative reform.The Chinese administration system is plagued by problems such as government heavy-handedness, weak social management and deficient public services, Ma said.He added that mechanisms overseeing administrative power are still immature."We still have a long way to go in the reform of the administrative system," Ma said, "Administrative reform plays a critical role in both economic and political restructuring."Ma stressed the research society should build itself into an academic advisory body and a think-tank for administrative reform policies.
来源:资阳报