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CHENGDU, May 24 (Xinhua) -- Top legislator Wu Bangguo has told authorities in Sichuan Province that post-quake reconstruction should continue to be the top priority.Wu, chairman of the National People's Congress Standing Committee, made the remarks when visiting the quake zone in southwest China from May 20 to 24. The 8-magnitude quake on May 12, 2008, has left more than 80,000 people dead or missing."Restoration and reconstruction in the quake zone must continue to be on top of Sichuan's economic and social development agenda," Wu said.Wu Bangguo (L), Chairman of the National People's Congress (NPC) Standing Committee, visits local people of Qiang ethnic group in Dongjienao village of Wenchuan County of southwest China's Sichuan Province during an inspection tour of the quake-hit areas in Sichuan, May 21, 2010.He said efforts should be made to build the quake zone into a new economic growth engine, as well as a model of the changing development pattern and model for low-carbon usage.Visiting rebuilt communities, schools and factories, Wu told local authorities to ensure the quality and safety of reconstruction projects and stressed the supervision of reconstruction funds.Permanent residential houses for more than 5.3 million households have been rebuilt since the quake, as well as 86 percent of the schools.He also said governments in the quake-hit areas should work closely with development partner provinces and cities, and accelerate industrial upgrading.

XINING, April 26 (Xinhua) -- China's top political advisor Jia Qinglin visited quake survivors and rescuers during a trip to the quake-hit Yushu in northwest China's Qinghai Province on Monday."The government will go all out to rebuild the quake zone," Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, told villagers from Yushu County, where the epicenter lies.Jia also met with representatives of monks who joined the rescue. He said the monks showed patriotism and compassion in their proactive role in quake relief work and called on them to continue to bring spiritual support to the quake survivors. Jia Qinglin (R), chairman of the National Committee of the Chinese People's Political Consultative Conference, talks with local residents who have sufferd the earthquakes in quake-hit Yushu County, northwest China's Qinghai Province, on April 26, 2010.In the devastated Gyegu Township, Jia praised rescuers from the army and police forces as the "main force" of the rescue work and encouraged them to keep on striving for new merits in quake relief."As the people's soldiers, you showed great valor and heroism in rescuing quake survivors with outstanding performance," he said.In a local hospital of Xining, Jia recognized medical workers' efforts in treating quake survivors and stressed the importance of preventing epidemics in the quake zone.

BEIJING, April 27 (Xinhua) -- China's Ministry of Commerce Tuesday made a cautious prediction for the outlook of the nation's foreign trade for the rest of the year amid the fragile global economic recovery.The rebound of China's overseas shipments in the first quarter can largely be attributed to the low comparison base of the same period last year, the commerce ministry report said.Moreover, uncertainty in the global market remains as high unemployment in European Union nations and low capacity-utilization in the United States may dampen consumption and investment, the report said.China is facing deteriorating trade conditions as trade protectionism is on the rise, the report added.China suffered 19 trade-remedy investigations in the first quarter, up 93.5 percent over the same time last year. The investigations, targeting Chinese products, involved trade worth 1.19 billion U.S. dollars, the report said.The report also said higher costs may squeeze domestic enterprises' profits as a result of raw material price hikes and rising labor costs.China's exports increased 28.7 percent year on year in the first quarter of 2010 after dipping 16 percent last year amid the global economic downturn, customs data showed.

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.