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MOSCOW, Jan. 16 (Xinhua) -- An assembly line of Chinese automaker Geely was officially launched in Russia's Caucasus republic of Karachay-Cherkessia, local media reported Saturday.     Russian car company Derways has started body welding and other assembling work of Geely-brand vehicles on Friday, according to Russian state TV channel Russia-24.     Some 1,100 units were expected to be produced by the end of February, the first batch of which will be delivered to Moscow by Jan. 20. The annual production of Geely will be no lower than 12,000 units.     Besides Geely, Derways was also scheduled to manufacture for other Chinese brands such as Li Fan, Great Wall Motors, Chery and Haima. The total annual output of the Derways company was estimated to reach 100,000 units.     Local residents could enjoy price discounts when purchasing these cars, according to the company, which also foresees a great demand of Chinese vehicles on Russian market.

BEIJING, Feb. 24 (Xinhua) -- Chinese lawmakers Wednesday called for improving the country's food safety supervision network after a nationwide law enforcement inspection tour.National lawmakers started the inspection tour last September after the Food Safety Law took effect last June.Lu Yongxiang, vice chairman of the National People's Congress (NPC) Standing Committee, told lawmakers that many regions had not completed reform of the food safety supervision mechanism.Most of the cities and counties had not started the reform yet, Lu said at a three-day bimonthly session of the top legislature that started Wednesday, when presenting a report of the inspection tour.He called for stronger coordination led by health departments.The report suggested establishing a national food safety risk assessment center and a food safety standard management system.Earlier this month, the State Council set up a food safety commission consisting of three vice premiers and a dozen minister-level officials.The lineup of the commission's members includes Vice Premiers Li Keqiang, Hui Liangyu and Wang Qishan, as well as more than ten heads or vice heads of government departments in charge of health, finance, and agriculture among other portfolios.The establishment of the commission 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.

BEIJING, March 6 (Xinhua) -- China will further improve the formation mechanism of exchange rate of the renminbi, or the country's currency yuan, to keep the exchange rate basically stable at an adaptive and balanced level, the People's Bank of China said Saturday.The central bank made the statement in a report delivered to media during a press conference on the sideline of the annual parliament session.  Zhang Ping, Chairman of National Development and Reform Commission (NDRC), Xie Xuren, the Minister of Finance, Chen Deming, the Minister of Commerce, and Zhou Xiaochuan, governor of the People's Bank of China, attend a news conference of the Third Session of the 11th National People's Congress (NPC) on the enhancement and improvement of macro-economic control held at the Great Hall of the People in Beijing, China, March 6, 2010.

BEIJING, Jan. 30 (Xinhua) -- China Unicom, the country's second largest telecom operator, said Saturday its net profit might have dropped by more than 50 percent in 2009, as the one-time gain from the sale of a mobile business laid a higher comparison basis for 2008.China Unicom, in October 2008, sold its Code Division Multiple Access (CDMA) business and related assets to China Telecom, the largest fixed line service provider of the country, which substantially increased the profits of the company in 2008.The company said in a statement filed to the Shanghai Stock Exchange that its profit was also affected by the high costs for its new Wideband-CDMA operations.

PARIS, Feb. 3 (Xinhua) -- Visiting Chinese Foreign Minister Yang Jiechi and his French counterpart Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationship.Through joint efforts of both nations, Sino-France relations has recently showed rapid development, Yang said.This year marks an important period for relations between France and China, therefore, the two parties should further implement important consensus reached by two leaders, continue to respect and take care of mutual concerns and promote pragmatic cooperation in various fields, Yang underlined.The Chinese minister also expected both countries to jointly oppose trade and investment protectionism, and maintain coordination and cooperation over significant international and regional issues in a bid to contribute for worldwide peace, stability and prosperity. Visiting Chinese Foreign Minister Yang Jiechi (L) and his French counterpart Bernard Kouchner host a joint press conference after their meeting in Paris, capital of France, Feb. 3, 2010. Yang Jiechi and Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationshipYang expressed China's willingness to use 2010 Shanghai World Expo as an opportunity to enhance comprehensive cooperations with France, such as on humanism, and to consolidate the basis of bilateral ties.As to China-Europe relations, Yang said the two sides have massive common interests as China always attaches importance to their relations and regards Europe as its important strategic partner.China is willing to work with Europe and France along the sound and stable development track to build on bilateral strategic relations and to promote further China-France and China-Europe ties, Yang added.Kouchner echoed Yang's view on China's relations with France and Europe, saying France attached importance to relations with China.France is satisfied with the friendly cooperation between the two nations and the recovery and development of bilateral ties, Kouchner said, adding that France is willing to work with China to boost Sino-France and Sino-Europe ties to better prospect.The two foreign ministers also exchanged views on climate change and other mutually concerned international and regional issues during their talks, which followed by a joint conference. Yang is on a five-nation tour, which has already taken him to Britain and Turkey. After a two-day visit in France, he will attend a meeting on security policy in Munich, Germany on Feb. 5-7.    Visiting Chinese Foreign Minister Yang Jiechi (1st R) meets with his French counterpart Bernard Kouchner (1st L) in Paris, capital of France, Feb. 3, 2010. Yang Jiechi and Bernard Kouchner on Wednesday held talks on bilateral ties and reached important consensus on developing China-France relationship