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LUANDA, Nov. 19 (Xinhua) -- Visiting Chinese Vice President Xi Jinping said here on Friday that China regards Angola as a strategic partner for cooperation and enhancing comprehensive cooperation fits the fundamental and long-term benefit of the peoples of the two countries.Xi made the remarks when meeting with Angolan President Jose Eduardo dos Santos.The Chinese vice president said that the two countries have agreed to elevate bilateral ties up to a strategic partnership, which is of vital significance to the prospect of bilateral relations.Xi, who is here as a guest of Angolan Vice President Fernando da Piedade Dias dos Santos, told the Angolan president that China and Angola have forged profound friendship in Angola's drive to seek national independence and economic development, which has laid down a solid foundation for bilateral relationship.Chinese Vice-President Xi Jinping (L) shakes hands with Angola's President Jose Eduardo dos Santos during their meeting in Luanda, capital of Angola, Nov. 19, 2010.Xi spoke highly of the relations between China and Angola over the past 27 years, noting that mutual political trust has been enhanced and fruitful achievements have been scored in a wide range of fields for cooperation, including finance, energy and infrastructure construction.Since 2006, Angola has become China's biggest trade partner in Africa for four years in a row and Angola has also become China's second crude oil provider across the world.Xi said that his current visit is aimed to consolidate traditional friendship, enhance mutual political trust and deepen cooperation between the two sides.He said that China is willing to join hands with Angola to enhance political trust, expand cooperation and coordinate more in the international arena.On China's Africa policy, Xi said consolidating unity and cooperation with African countries are one of the vital corner stones for China's foreign policy and it is also a strategic choice that China will firmly adhere to for a long time.As this year marks the 10th anniversary of the establishment of the Forum on China-Africa Cooperation, China will join hands with African countries, including Angola, to make more progress on pushing forward the strategic partnership between China and Africa, he added.For his part, Angolan President Santos said that he believed that Xi's current visit would make bilateral ties closer and further boost bilateral cooperation.The Angola president also spoke highly of the development of bilateral ties, saying bilateral trade and economic cooperation has developed very rapidly and fruitfully.He also said China has made pro-active contribution to the world economic balance in its drive to fight global financial crisis.Angola is the third leg of Xi's four-nation trip to Asia and Africa. His first two legs are Singapore and South Africa and he is scheduled to visit Botswana after his Angolan trip.
BEIJING, Nov. 22 (Xinhua) -- The Chinese government will devote more efforts to controlling the spread of HIV/AIDS and in researching AIDS vaccines and medicines, Vice Premier Li Keqiang said Monday."Although China has made great progress in HIV/AIDS control, the country still faces a tough situation," said Li, while visiting the Chinese Center for Disease Control and Prevention (China CDC) in Beijing prior to World AIDS Day which falls on Dec. 1.The government at all levels should realize the urgency and importance of the work and adopt more effective measures to control the spread of AIDS, he added."We should also realize that it will be a long campaign to control AIDS," Li said.Chinese Vice Premier Li Keqiang (R), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, shakes hands with the working staff during his visit to the Chinese Center for Disease Control and Prevention (China CDC) in Beijing, capital of China, on Nov. 22, 2010. Li visited the center on Monday, prior to World AIDS Day which falls on Dec. 1.The government plans to provide more support for the research and development of AIDS vaccines and medicine, he said."We are glad to learn that progress has been made in the research of AIDS vaccines and hope there will be a breakthrough in clinical trials of vaccines, early diagnosis of HIV, and AIDS medicine," he said.Li said the government will continue its policies to provide free medical treatment for HIV-positive patients who are not covered by state medical insurance, free HIV tests and counseling for patients, as well as free delivery and mother-to-child transmission prevention programs for HIV-positive mothers.The authorities should also improve assistance for AIDS patients and children with HIV-positive parents, he said.China is estimated to have about 740,000 HIV-positive citizens and about 100,000 AIDS patients among its 1.3 billion people.

BEIJING, Jan. 12 (Xinhua) -- The Chinese yuan strengthened to a record high against the U.S. dollar on Wednesday to reach 6.6128 per dollar.The central parity rate of the Chinese currency, also known as the renminbi (RMB), was set 88 basis points lower than Tuesday's 6.6216, according to the China Foreign Exchange Trading System.China's central bank announced on June 19, 2010, it would further reform the yuan exchange rate formation mechanism to improve its flexibility.On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.The central parity rate of the RMB against the U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market each business day.
BEIJING, Dec. 23 (Xinhua) -- Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, announced Thursday that it has completed its 44.9 billion yuan(about 6.75 billion U.S. dollar) rights issue in Shanghai and Hong Kong.The dual-listed lender said in a statement to the Shanghai Stock Exchange that it had raised 13.04 billion Hong Kong dollars (about 11.18 billion yuan) from the Hong Kong portion of its rights issue by selling 3.74 billion shares at a price of 3.49 Hong Kong dollars.The Beijing-based bank said it had sold 11.3 billion shares at 2.99 yuan in the Shanghai market, which was 99.72 percent subscribed and had raised 33.67 billion yuan in late November.The ICBC said the fund raising aimed to replenish its capital base.The bank's core capital adequacy ratio stood at 9.33 percent by the end of September this year, while its capital adequacy ratio was 11.57 percent. In the first three quarters of this year, the ICBC saw net profits up 27.1 percent year on year to 127.8 billion yuan.Shares of the bank closed flat at 4.18 yuan in Shanghai and was down 0.35 percent to 5.7 Hong Kong dollars in Hong Kong.
BEIJING, Jan. 5 (Xinhua) -- China vowed Wednesday that it would continue efforts to expand and upgrade its rural power grid networks in the next five years to meet the increasing demand.Safe, environmentally-friendly, and technologically-advanced rural power networks are expected to cover most of the nation's rural areas to ensure better electricity use for rural residents during the country's 12th Five-Year Plan period (2011-2015), according to a statement issued after a State Council executive meeting chaired by Premier Wen Jiabao.Full-fledged power networks are still beyond reach for some rural residents in China's central and western rural regions, despite government moves to expand rural networks beginning in 1998, the statement said.Relevant departments should step up efforts to improve power generation facilities for irrigation and farm produce processing to ensure power consumption of agriculture production, the statement said.Further, participants at the meeting also pledged to slash rural power prices.
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