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GOTEBORG, Sweden, March 28 (Xinhua) -- China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. here Sunday to acquire the U.S. auto giant's Volvo car unit.Under the definitive stock purchase deal, Geely will own 100 percent of Volvo Cars and its related assets.The agreement was inked by Li Shufu, founder and chairman of Geely, and Lewis Booth, chief financial officer of Ford, at a ceremony at the headquarters of Volvo in Goteborg, the second largest city of Sweden. Geely Chairman Li Shufu attends a press conference after the signing ceremony in Goteborg of Sweden, March 28, 2010. China's Zhejiang Geely Holding Group signed a deal with Ford Motor Co. here on Sunday on the takeover of Sweden's Volvo Cars.The ceremony was witnessed by Li Yizhong, China's minister of industry and information technology, and Maud Olofsson, Swedish deputy prime minister and minister for enterprise and energy.The agreement provides a solid foundation for Volvo to continue to build its business under Geely's ownership, said Booth at the ceremony."China, the largest car market in the world, will become Volvo's second home market. Volvo will be uniquely-positioned as a world-leading premium brand, tapping into the opportunities in the fast-growing China market," said Li.Geely has secured all necessary financing to complete the transaction, he said, adding that Geely intends to preserve Volvo Cars'existing manufacturing facilities in Sweden and Belgium, and explore opportunities to manufacture Volvo vehicles in China for the local market. Geely Chairman Li Shufu (FRONT L) shakes hands with CFO of Ford Motor Company, Lewis Booth (FRONT R) after signing a deal in Goteborg of Sweden, March 28, 2010. China's Zhejiang Geely Holding Group signed a deal with Ford Motor Co. here on Sunday on the takeover of Sweden's Volvo Cars.Li promised that Geely will maintain the strong collaborative relations that Volvo has built with employees, unions, suppliers, dealers and above all, customers.Volvo Cars will eventually become a separate company with its own management team based in Goteborg and a new board of directors, he told reporters after the ceremony.Volvo, which has about 22,000 workers around the world including 16,000 in Sweden, was purchased by Ford in 1999 for about 6.4 billion dollars.But Ford has been attempting to sell Volvo since late 2008, due to its poor market performance. Geely was named as the preferred bidder for the Swedish subsidiary in October 2009.Geely, which started to manufacture cars in 1998, is a major private automaker in China, with its headquarters based in southeast China's Zhejiang province. Geely Holding Group is the parent company of Geely Automobile Holdings.Besides Ford, some other Western auto giants are also seeking buyers in China. Beijing Automotive Industry Holdings has agreed to buy some powertrain technology from General Motors Co.'s Swedish Saab unit. 

BEIJING, April 17 (Xinhua) -- Chinese Vice Premier Hui Liangyu on Saturday called for more concrete measures in quake relief efforts in response to the instructions of China's top leadership.Hui, also the head of the State Council's quake-relief headquarters, made the remarks at the sixth plenary meeting of the headquarters.China's top leadership on earlier Saturday has urged all-out efforts to rescue trapped people in the quake zone in northwestern Qinghai Province at a meeting chaired by Hu Jintao, general secretary of the Communist Party of China (CPC) Central Committee, and attended by other members of the Standing Committee of the Political Bureau of the CPC Central Committee.Hui stressed a put-people-first principle in the relief work. Efforts to search for and rescue the buried survivors as well as offering medical treatment to the injured people are still the top priorities, Hui said.The relief work should be carried out in a scientific, orderly, effective and well-organized way, Hui said. There should be no "blind spot" in the rescue work and epidemic prevention, he said.Military forces, local authorities and the local people should keep in close cooperation in the relief work, he said.

BEIJING, May 14 (Xinhua) -- China's Vice Premier Li Keqiang Friday called for the development of a recycling economy to improve resource utilization efficiency and protect the environment.Developing a recycling economy was a significant mission for China, which urgently needed to change its economic growth mode of "high consumption, high pollution and poor recycling," said Li in an inspection tour to a state recycling economy pilot base under ChinaChem Group.Li said developing a recycling economy would help the enterprises improve product structures, fuel technology innovation and improve competitiveness. China's Vice Premier Li Keqiang (C) speaks during a meeting as he makes an inspection tour to a state recycling economy pilot base under ChinaChem Group in Beijing, China, May 14, 2010. Li Friday called for the development of a recycling economy to improve resource utilization efficiency and protect the environment.He called for a combination of resource conservation, environment protection and economic efficiency to cultivate emerging "green" industries.Authorities should transform traditional industries by promoting a clean, efficient and safe production, said Li.Li also called for more investment in recycling economy development, and implementation of supporting government fiscal, pricing and financial policies.

BOAO, Hainan, April 11 (Xinhua) -- Competitions between China and India do not necessarily mean confrontation between the two neighboring Asian nations, Indian minister of state for environment and forests Jairam Ramesh said here Sunday."These two giants must cooperate, as the Chinese leaders say, in a harmonious manner," Ramesh said at the Boao Forum for Asia (BFA) annual conference which concluded Sunday in south China's island province of Hainan.Ramesh said both sides have to move forward and compromise.For example, he said cooperation between India and China in the United Nations climate change conference last December in Copenhagen could become a "trigger for deepening cooperation" between the two nations in all fields.At a panel discussion, Ramesh was asked whether the competition between the two nations was as fierce as what was described in The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us, a book written by American journalist Rogyn Meredith.

YUSHU, May 11 (Xinhua) -- Chinese Vice Premier Li Keqiang has called on reconstruction teams to finish their work within three years in the earthquake stricken areas of the northwestern Qinghai Province.Li, also member of the Standing Committee of the Communist Party of China Central Committee Political Bureau, made the remark during a visit Monday and Tuesday in Yushu Tibetan Autonomous Prefecture, epicenter of a 7.1-magnitude earthquake on April 14.He asked relief workers to finish removing debris, select the site of a new township and the layout of urban and rural areas by the end of May.By the end of this year, reconstruction teams should strive to finish all reinforcement work for reparable buildings in the quake zone, finish building new homes for most rural residents and herdsmen, and start building new homes for most urban residents, Li said.He asked local government officials to ensure that all quake survivors get enough and safe food, water and other necessities. Chinese Vice Premier Li Keqiang visits local temporary hospital in Yushu, Qinghai on Tuesday. Li urges local health and disease control personnel to prevent disease outbreaks and prepare effective treatments for altitude sickness before reconstruction workers arrived.Li urged local health and disease control personnel to prevent disease outbreaks and prepare effective treatments for altitude sickness before reconstruction workers arrived.Visiting a residential construction site in Jiegu Town, Li urged that the quality of new homes should be guaranteed.He also encouraged local quake survivors to overcome difficulties to resume their normal lives.Supplies of water and electricity as well as transport are being restored in the severely damaged Jiegu Town.Li outlined five aspects for the future relief work:-- Funding for quake survivors' subsidies, emergency rescue and temporary resettlement must be secured.-- Authorities should work out a general plan and special projects for reconstruction as soon as possible. The central government would provide favorable tax, loans, land and employment policies.-- Before large-scale reconstruction, designs for residential houses and public facilities should be prioritized.-- Heating and winter tents should be prepared for survivors who could not move into new buildings before cold weather arrives.-- School buildings, hospitals as well as water, electricity, telecommunications and transport facilities should be prioritized in reconstruction.Ethnic customs and traditions should be respected, he said.

来源：资阳报