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BEIJING, April 8 (Xinhua) -- The People's Liberation Army (PLA) and the Ministry of Education plan to open an online recruitment service for the first time to mobilize college graduates this year, a move seen as an effort to sharpen the army's high-tech edge.The PLA plans to recruit some 150,000 college graduates this year, according to a statement released after a meeting held Thursday by the PLA General Staff Headquarters and the ministry.Last year, China announced a series of preferential policies to encourage more young people with higher education to serve in the army, including a one-off payment of up to 24,000 yuan (3,500 U.S. dollars) for the student-turned soldiers. The money, paid by the central government, roughly equals the tuition cost of a four-year university education in China.Some 130,000 college graduates applied to join the army in 2009 and more than 100,000 were recruited, statistics from the statement show.Moreover, the age limit has been extended to 24 for those with a bachelor degree. The PLA recruits usually recruits men aged between 18 and 20 and women aged 18 or 19.

UNITED NATIONS, April 21 (Xinhua) -- China's national flag on Wednesday was flying at half-mast at its permanent mission to the United Nations to mourn Yushu earthquake victims.In a solemn ceremony at the mission's residence in New York, the entire mission staff and some staff members of Xinhua News Agency observed a minute of silence to mourn the victims of the 7. 1-magnitude earthquake in northwest China's Qinghai Province.Chinese Ambassador Li Baodong told reporters that after the earthquake, the international community has extended sympathies and condolences to the Chinese government and people, and expressed support for and spoken highly of the government's swift and effective earthquake relief efforts.In their letters to Chinese President Hu Jintao, UN Secretary- General Ban Ki-moon and UN General Assembly President Ali Abdussalam Treki highly commended the Chinese government for its timely and effective measures in the earthquake relief process, Li said.The UN leaders also expressed deep admiration for Hu and Premier Wen Jiabao's decision to shorten overseas itinerary or postpone planned visits to join the people in the quake zone, Li said.The representatives of many other countries' missions to the UN, as well as the heads of some international organizations, also expressed their sympathies and support for China, he noted.The Chinese staff working at the United Nations also made sympathy calls and offered donations to support disaster relief effort, the Chinese ambassador added.

BEIJING, April 13 (Xinhua) -- The State Council, China's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.According to the new regulations, China still welcomes foreign investment in high-tech industries, services sectors, energy-saving and environmental protection, but polluting and energy-gorging or projects in industries running at overcapacity are not wanted.According to the regulations, the State Council said China will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in China, according to the regulations.Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in China.Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in China.Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.Foreign-funded enterprises are also encouraged to increase their investment in China's central and western regions, particularly in environment friendly and labor-intensive companies.

BEIJING, April 6 (Xinhua) -- Chinese President Hu Jintao vowed Tuesday to further improve officials' capability to guide development in a scientific way, as an 18-month nationwide study campaign for the Communist Party of China (CPC) drew to a close. Hu hailed the campaign implementing the Scientific Outlook on Development as "effective" while delivering the keynote speech at a conference that marked the campaign's conclusion.The study campaign achieved its aim of enhancing CPC members' ideological understanding, solved prominent problems, innovated mechanisms, promoted scientific development, and strengthened grassroots party organizations, Hu said. Chinese President Hu Jintao delivers a keynote speech at a conference, which is held to conclude a nationwide campaign of studying and implementing the Scientific Outlook on Development, in Beijing, capital of China, April 6, 2010"However, there is still a lot to do to apply the campaign's achievements to regular work," he warned.The just-concluded campaign focused on educating officials above the county-level.Hu said the CPC will draw on campaign experiences to strengthen officials' education and training in the future and to improve their capabilities in planning and promoting development, providing public service, and maintaining social stability."The implementation of the Scientific Outlook on Development hinges on government officials at various levels," he said.

BEIJING, March 30 (Xinhua) -- Chinese auto maker Zhejiang Geely Holding Group is ready to inject 900 million U.S. dollars operating capital into Volvo on top of the 1.8 billion U.S. dollars purchase price, Geely chairman Li Shufu said Tuesday."We should not only inject money into Volvo, but also endeavor to improve Volvo's profit-making capability," Li said at a press conference to discuss the Volvo takeover.The Zhejiang-based Geely signed a deal with Ford Motor Co. Sunday in Sweden to acquire the U.S. auto giant's Volvo car unit.The photo taken on March 23, 2010 shows Volvo assembly plant in the suburbs of western Belgian city of Gent. China's Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars with Ford Motor Co. in Goteborg of Sweden on March 28, 2010 to acquire the U.S. auto giant's Volvo car unit"Geely is Geely, while Volvo is Volvo. Geely will not produce Volvo, and Volvo will not produce Geely," said Li, also the founder of the firm, adding that Volvo would keep its unique characteristics after the takeover.Li said Volvo's biggest problem was its small production scale and high research and development expenses, adding Volvo should try to increase production and sales to cut costs.