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CAIRO, Nov. 6 (Xinhua) -- Chinese Premier Wen Jiabao arrived here Friday, starting a two-day official visit to Egypt preceding a top-level review of action to build China-Africa cooperation. Egyptian Prime Minister Ahmed Nazef received Wen at the airport. During his visit, Wen is scheduled to meet with Egyptian President Hosni Mubarak and hold talks with Nazef. He will also meet with Arab League chief Amr Mussa, and deliver a speech at the Arab League headquarters in Cairo. This is Wen's second official visit to Egypt. The first was in 2006, which marked the 50th anniversary of establishing diplomaticties between China and Egypt. Visiting Chinese Premier Wen Jiabao is greeted during a welcoming ceremony in Cairo, capital of Egypt, Nov. 6, 2009After his official visit to Egypt, Wen will attend the opening ceremony of the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC) in the Egyptian resort of Sharm el-Sheikh on Sunday. Wen will also hold bilateral meetings with leaders of FOCAC member countries at Sharm el-Sheikh. The FOCAC meeting, an important gathering after the Beijing Summit of the forum in November 2006, will review how the consensus of the Beijing Summit has been implemented. It is also expected to adopt a declaration and an action plan for 2010-2012 to chart the path for further China-Africa cooperation. Chinese Foreign Minister Yang Jiechi and Commerce Minister Chen Deming, as well as other senior officials, are accompanying Wen.
SHANGHAI, Nov. 23 (Xinhua) -- Baosteel Group, China's leading steelmaker, announced on Monday its acquisition of 15 percent stake in Aquila Resources, an Australian iron ore and coal company. The 286 million Australian dollar purchase (265 million U.S. dollars) has made Baosteel the second largest shareholder of Aquila, said the Chinese company based in Shanghai. The transaction is an important strategy for Baosteel's overseas expansion by securing long-term supply of critical raw materials for its steel making business, said the company. The deal will help the Australian company source low-cost financing from Chinese institutions to support its projects. Tony Poli, executive chairman of Aquila said on the company website, "The company now looks forward to developing its relations with Baosteel to the mutual benefit of both companies." The deal was approved on November 13 by China's top economic regulator, the National Development and Reform Commission (NDRC), and it was Baosteel's first large strategic investment in a foreign public company. The two companies signed an agreement on the acquisition in August this year and got nod in October by Australia's Foreign Investment Review Board (FIRB), which limited Baosteel's stake in the Australian company to the utmost 19.9 percent. Under the terms of the deal, Dai Zhihao, a vice president of Baosteel, will step in as a board member of the Australian coalminer.
BEIJING, Oct. 27 (Xinhua) -- China's anti-graft chief He Guoqiang on Tuesday urged discipline and supervision authorities to press ahead with the building of a clean government and strengthened efforts in corruption prevention. He, secretary of the Central Commission for Discipline Inspection of the Communist Party of China (CPC), said in a meeting that efforts should be made to handle people's complaints and embrace innovation in the establishment of anti-corruption mechanism. He asked discipline and supervision authorities to combat extravagance, intensify crackdown on the practice of "small coffer", which refers to fund, securities and assets that should be but fail to be listed into the account books of CPC and government organizations in accordance with relevant laws and regulations. He also called for authorities to make public Party affairs, especially at grassroots organizations, and investigate and prosecute corruption cases. Efforts should be made to expand channels for the general public to be involved in anti-corruption endeavor, said He, who is a member of the Standing Committee of the Political Bureau of the CPC Central Committee.
SHANGHAI, Dec. 5 (Xinhua) -- Shanghai Party chief Yu Zhengsheng met here Saturday with visiting Canadian Prime Minister Stephen Harper, vowing to take the opportunity of the Shanghai World Expo to upgrade bilateral economic and environmental cooperation. The theme of the 2010 Shanghai World Expo is Better City, Better Life, and the core of this theme is to achieve harmony between man and nature, said Yu, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Shanghai Municipal Committee. "We will step up the transformation of economic development mode and coordinate the various social interests, and promote development through reform and innovation," he said. Yu Zhengsheng(R), member of the Political Bureau of the Communist Party of China (CPC) Central Committee and chief secretary of the CPC Shanghai Municipal Committee, meets with visiting Canadian Prime Minister Stephen Harper in Shanghai, China, Dec. 5, 2009 He appreciated Canada's active participation in the Shanghai World Expo and believed that the Expo would increase the Chinese people's understanding about Canada. Harper said Shanghai was a vibrant city, and the Canadian companies, represented by Bombardier, had been active in Shanghai in the areas of transportation, insurance, food and resources. The 2010 Shanghai World Expo was a very good opportunity for Canada and Shanghai to expand and escalate cooperation, especially in the fields of high-tech and environmental science and technology, he noted. Harper visited the Shanghai World Expo Park Saturday morning and inaugurated the Canada Pavilion. He said Canada's participation in the Shanghai World Expo was one of the earliest decisions of the government under his leadership since he took office, and the Canada Pavilion would be a great success during the Expo. Harper left Shanghai for Hong Kong Saturday afternoon. According to statistics of Shanghai Municipal Commission of Commerce, by the end of the year 2008, Canadian companies have invested in 909 projects in Shanghai, and the amount of contractual foreign capital reached 876 million U.S. dollars. During the past five years, import and export between Shanghai and Canada have maintained rapid growth. In 2008, the total trade volume reached 4.87 billion U.S. dollars.