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BEIJING, Jan. 18 (Xinhua) -- The State Grid Corp. of China (SGCC), the country's biggest power supplier, said Sunday that its 2008 net profit fell almost 80 percent year on year due to natural disasters and higher power prices.     Net profit was 9.66 billion yuan (1.4 billion U.S. dollars), compared with 47.1 billion yuan in 2007.     Revenue rose 13.8 percent to 1.156 trillion yuan from a year earlier, the state-owned company noted.     The power distributor suffered more than 22 billion yuan (3.2 billion U.S. dollars) of direct economic loss in the worst winter weather in at least 50 years in southern China and the May 12 earthquake.     China raised the on-grid power price by 0.017 yuan per kwh in June and 0.02 yuan kwh in August to around 0.3 yuan per kwh on average to offset rising costs in power plants. But retail household power prices were capped amid concerns of a higher inflation.     The company said it planned to invest 83 billion yuan (12 billion U.S. dollars) in ultra-high voltage (UHV) power lines in 2009 and 2010 to make long-distance transmission more efficient.     China's power demand and installed power generating capacity would likely double to 7.4 trillion kwh and 1.47 billion kw respectively in 2020, it forecasted.

BANDAR SERI BEGAWAN, Brunei, Nov. 9 (Xinhua) -- Senior leader of the Communist Party of China (CPC) Zhou Yongkang met with Brunei Foreign and Trade Minister Prince Mohamed Bolkiah on Sunday evening.     The meeting came as Zhou made a transit stop in Brunei on his way back to China.     Zhou, one of the nine-member Standing Committee of the Political Bureau of the CPC Central Committee, hailed the sound and smooth growth of China-Brunei ties since the two forged diplomatic ties in 1991.     Zhou said that particularly in recent years, the all-round friendly cooperation between the two countries has been strengthened, thanks to the joint efforts of leaderships, governments and peoples of the two countries.     China and Brunei have been understanding, supporting and closely cooperating with each other on regional and international issues, he said.     Zhou also lauded Brunei's role as a coordinator in deepening the strategic partnership between China and the Association of Southeast Asian Nations (ASEAN).     Zhou said China would continue to pursue its long-term neighbor friendship with Brunei and would like to work with Brunei to take the relations to a new high.     Mohamed congratulated China on successfully hosting the Beijing Olympics and the summit of Asia-Europe Meeting(ASEM).     The friendship between the peoples of China and Brunei can be traced back to the time earlier than the establishment of diplomatic ties, he said.     He pledged Brunei would support China's increasingly important role in regional and international affairs.     He said Brunei would like to work with China to seek common development.     Before his transit in Brunei on Sunday, Zhou concluded his fortnight trip to the three Asia-Pacific nations, namely Vietnam, Indonesia and Australia.

BEIJING, Oct. 29 (Xinhua) -- Chinese President Hu Jintao on Wednesday sent a message of sympathy to his Pakistani counterpart Asif Ali Zardari over a major earthquake that has killed at least 160 people in Pakistan's southwestern Balochistan province.     Hu said in the message that he was shocked upon hearing the news of the earthquake and felt pain over the great casualties and property loss in Pakistan. People search for survivors at the ruined houses in the worst-hit Ziarat area in southwestern Pakistan's Balochistan province, Oct. 29, 2008. At least 160 people died as an earthquake hit southwestern Pakistan's Balochistan province early Wednesday morning.The Chinese people are very sympathetic to the victims of the earthquake in Pakistan as they themselves are still recovering from a magnitude-8 quake that rocked China's Sichuan province in May, Hu said.     The Chinese president extended his condolences to the victims and expressed the belief that the Pakistani people will overcome the difficulties and rebuild their homeland.     Chinese Premier Wen Jiabao and Foreign Minister Yang Jiechi also sent sympathy messages to their Pakistani counterparts on the same day.     At least 160 people were killed and many others were injured in a major earthquake that hit Pakistan's Balochistan province early Wednesday morning.

ALGIERS, Nov. 5 (Xinhua) -- China and Algeria voiced commitment here Wednesday to step up bilateral strategic and cooperative relations and called for intensified cooperation in fields such as infrastructure, energy and resource exploration.     In his meeting with Algerian Prime Minister Ahmed Ouyahia, visiting Chinese top legislator Wu Bangguo called Algeria as "an important cooperation partner," noting that China highly values its strategic and cooperative relations with Algeria.     China and Algeria are both developing countries and share common aspiration to develop their economies to improve the welfare of their peoples, said Wu, Chairman of the Standing Committee of China's National People's Congress (NPC).     He noted that China will join hands with the Algerian side to cement the bilateral cooperation in long-term and strategic perspectives.     He proposed the two nations should work closer in fields such as infrastructure construction, energy, resource exploration and establish an economic and trade cooperation zone.     "We should encourage our enterprises to work together on some big and important projects to improve the quality and level of the China-Algeria cooperation," Wu added.     "The Chinese government will encourage Chinese enterprises to establish business and invest in Algeria, adopt open policy on technology transfer to Algeria and launch various training programs for Algerian personnel in an effort to contribute to Algeria's economic structure adjustment and employment enlargement," the Chinese top legislator said.     Agreeing with Wu's proposal, Ouyahia said that the Algerian government has a sincere will to learn from China and boost bilateral cooperation and mutual investment to help the country's economic transformation and realize sustainable development. Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, meets with Algerian Prime Minister Ahmed Ouyahia in Algiers, capital of Algeria, on Nov. 5, 2008The Algerian government would create bigger space and better conditions for Chinese companies to start their business in Algeria, the prime minister promised.     Wu also met with Abdelkader Bensalah, President of Algerian Council of the Nation, on Wednesday.     Wu said his visit has realized the purpose of promoting the inter-parliamentary cooperation with Algerian parliament and boosting the bilateral strategic and cooperative relations.     "We have become brothers on political issues, good partners in trade, and good friends with close coordination on world affairs," Wu recognized.     He also reaffirmed the NPC's willingness to share its experience with the Algerian Council of the Nation on issues concerning legislation and national development in an aim to boost substantial cooperation and promote friendship between the two peoples. Wu Bangguo (L Front), chairman of the Standing Committee of China's National People's Congress, meets with the President of Algerian Council of the Nation Abdelkader Bensalah (R Front) in Algiers, capital of Algeria, on Nov. 5, 2008Bensalah highlighted that the achievement China scored in its national economic and social development is a living proof to the world of the success of the country's opening-up policy.     The Algerian Council of the Nation hopes to step up its friendly exchange and cooperation with the NPC, Bensalah said.     Algeria is the first leg of Wu's five-nation Africa tour which will also take him to Gabon, Ethiopia, Madagascar and Seychelles.

BEIJING, Jan. 12 (Xinhua) -- China and the United States on Monday agreed that Sino-U.S. relations had become one of the most dynamic and important bilateral relations in the world. Chinese Vice President Xi Jinping (R) shakes hands with former U.S. President Jimmy Carter, who is here to attend the commemorative events of the 30th anniversary of the establishment of diplomatic relations between China and the United States, in Beijing, capital of China, Jan. 12, 2009.     Chinese Vice President Xi Jinping and visiting former U.S. President Jimmy Carter made the consensus when addressing a reception in the Great Hall of the People to mark the 30th anniversary of diplomatic ties between the two countries. Chinese Vice President Xi Jinping addresses the commemorative reception of the 30th anniversary of the establishment of diplomatic relations between China and the United States in the Great Hall of the People in Beijing, capital of China, Jan. 12, 2009. Xi hosted about 500 guests from the two countries during the reception on Monday evening.     "As one of the most dynamic and important bilateral relations in the world, Sino-U.S. relations not only benefit the two peoples, but also help world peace and development," Xi said.     Xi said that at this crucial time, during the international financial crisis, China and the United States should deal with bilateral relations from a broader global perspective and from the attitude of keeping pace with the times.     He called for the two nations to constantly review bilateral relations from a strategic and overall perspective and firmly pursue constructive and cooperative relations. Former U.S. President Jimmy Carter addresses the commemorative reception of the 30th anniversary of the establishment of diplomatic relations between China and the United States in the Great Hall of the People in Beijing, capital of China, Jan. 12, 2009.     The two countries should maintain exchanges and improve all dialogue and cooperation mechanisms, so as to increase mutual understanding and trust, Xi said.     China and the United States should increase cooperation to jointly respond to global challenges, and expand common interests to contribute more to world peace and development, he added.     Xi also called for the two countries to abide by the three Sino-U.S. joint communiques and respect each other's core interests in a bid to safeguard and promote their relations. Chinese Vice President Xi Jinping (front, 2nd R) talks to former U.S. President Jimmy Carter (front, C), who is here to attend the commemorative events of the 30th anniversary of the establishment of diplomatic relations between China and the United States, while they are taking a group photo in Beijing, capital of China, Jan. 12, 2009.     The two nations should strengthen friendly exchanges between their peoples to cement the social basis for friendship, he said.     The two countries saw trade exceed 300 billion U.S. dollars in 2007, about 120 times of that 30 years ago.     So far, the two governments have signed more than 30 agreements of cooperation, and set up more than 60 dialogue mechanisms. Chinese Vice President Xi Jinping (C) toasts to former U.S. President Jimmy Carter (L) and former Secretary of State Henry Kissinger (R) during the commemorative reception of the 30th anniversary of the establishment of diplomatic relations between China and the United States in the Great Hall of the People in Beijing, capital of China, Jan. 12, 2009.     China and the United States, as cooperative partners, not strategic opponent, enjoyed mutually beneficial relations, not zero-sum competitive ties, Xi said. The cooperation was conducive for both countries, for the Asia-Pacific region, and for the world at large.     Former U.S. President Jimmy Carter said in his address that the relationship "is the most important diplomatic relationship in the world today."     Carter, who, in office, made the decision to normalize relations with China, said, "History has shown that normalization brought greater security and prosperity to more people, not only to the U.S. and Chinese peoples, but also to the rest of the world." Former U.S. President Jimmy Carter (2nd L), who is here to attend the commemorative events of the 30th anniversary of the establishment of diplomatic relations between China and the United States, presents his new book to Chinese Vice President Xi Jinping (R) in Beijing, capital of China, Jan. 12, 2009.     He said he was fortunate to see the relationship flourish and to observe China reinventing and rebuilding herself into a nation that has "changed her mission to the Chinese people and to the world".     "If we are to overcome the challenges of the 21st Century, including global warming and climate change, disease control, terrorism, nuclear proliferation and a global financial crisis, our two nations must maintain the mutual respect that has served us in the past," he said.     "The founding principles of 'understanding, patience and persistence' that began 30 years ago should never be in danger," Carter said, referring to the incoming administration of President-elect Barack Obama.     Carter said he had always adhered to the one-China policy. "I consider it an essential policy priority of the United States that the People's Republic of China be recognized as the sole government of China," he noted.     Xi met with Carter before the reception, applauding the efforts of Carter and other politicians to promote the Sino-U.S. relations. Xi hoped they would continue their work.