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TIANJIN, Oct. 23 (Xinhua) -- China has become Volvo's third largest market, with more of its car models to go on sale in the world's largest auto market this year, Chief Executive Office (CEO) of Volvo Cars China said in Tianjin.Dr. Alexander Klose, CEO of Volvo Cars China, told Xinhua at the Ninth Tianjin International Automobile Trade Show, being held from Friday to Wednesday.Klose said Volvo Cars had entered a new era of fast development, adding that its sales in China roared in 2010.As of the end of September, Volvo's global sales volume was up 12.5 percent year on year, compared with 52 percent year-on-year rise in China, he said.Volvo also aggressively expanded its dealer network to 98 outlets in 81 Chinese cities this year.Two new Volvo sales centers opened in Beijing within merely one week in early October, about two months after east China's Zhejiang Geely Holding Group Co. acquired the Swedish brand from the U.S. auto giant Ford for 1.5 billion U.S. dollars in early August.Dr. Klose said he was confident of seeing tremendous growth in China's auto market in the next five years."As the Chinese government has increased the tax rate for large displacement cars already, we now have a lot of cars below three liters, and I think we'll stick to that strategy, as you can see now the XC60 which was introduced today is just two liters," he said."As the technology advances, we'll probably even see 1.6 liter engines or 1.5 liter engines in the future," he added.Volvo Cars is not the only automaker hoping to take advantage of China's rapidly growing auto market.Bentley, the famous British luxury carmaker, will open a new sales center in China at Tianjin next Thursday, which is the 11th one in China, according to a press release by Shanghai-based Zenith Integrated Communications Corp. (Zenith) Saturday at the auto show.Zenith is the public relations agent of Bentley in China. The automaker has sold 421 limousines to China in 2009, and the goal for 2010 is 777, the release said.
BEIJING, Oct. 22 (Xinhua) -- China and South Africa pledged Friday to step up legislative cooperation to cement the bilateral strategic partnership.The pledge came out of the meeting between Chinese President Hu Jintao and Speaker of the National Assembly of South Africa Max Sisulu in Beijing.Hu said growing China-South Africa relations require stronger collaboration between the legislatures of the two countries.Hu hoped the two legislatures could launch their regular exchange mechanism at an appropriate time and work to improve such mechanism.Sisulu said the the National Assembly of South Africa hoped to make a new contribution to boosting cooperation between the two countries.On China-South Africa relations, Hu said bilateral relations have "reaped good harvests" since the two countries forged diplomatic ties in 1998.Sisulu agreed with Hu's comments, saying China's remarkable progress contributes to world peace and development and inspires South Africa and other African countries.Also Friday, Wu Bangguo, chairman of China's National People's Congress(NPC) Standing Committee, held hour-long talks with Sisulu at the Great Hall of the People in Beijing.Wu said the NPC and the National Assembly of South Africa have a good foundation for cooperation, and urged the two legislatures to maintain exchanges at a high level.While calling for the two legislatures to work more closely in regional and international legislative organizations, Wu said a regular exchange mechanism should be launched as early as possible so as to improve ties between the legislatures of the two countries.Sisulu said the National Assembly of South Africa and the NPC of China should strengthen bilateral exchanges and seek closer cooperation in multilateral legislative organizations.As South Africa is a big country in Africa and an important emerging economy, China hopes to communicate more and coordinate with South Africa over Sino-African cooperation so as to advance China-Africa relations and South-South cooperation, Wu said.The visit to China was Sisulu's first since he was elected to the position of speaker of the National Assembly of South Africa in May 2009.Apart from Beijing, Sisulu will also visit the Three Gorges Dam, the world's largest water control project, on the middle reaches of the Yangtze River, China's longest.
BEIJING, Sept. 21 (Xinhua) -- China's top political advisor, Jia Qinglin, Tuesday called for greater efforts to develop the economies of ethnic minority areas.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, made the remark at the closing ceremony of a seminar on ethnic minorities work for provincial- and ministerial-level officials in Beijing Tuesday.Ethnic minority issues are important and the Communist Party of China (CPC) must properly handle them while governing the country, said Jia, who is also a Standing Committee member of the Political Bureau of the CPC Central Committee.He said officials must unswervingly implement CPC Central Committee policies concerning ethnic minority issues.He urged officials to improve the livelihood of ethnic minority groups and promote unity among China's different ethnic groups.In properly handling ethnic minority issues, the key is to strengthen the Party's leadership and enhance the abilities of officials at all levels, he said.Vice Premier Hui Liangyu also attended the closing ceremony.
BEIJING, Oct. 15 (Xinhua) -- Foreign direct investment (FDI) in China in September rose 6.14 percent year on year, compared with a growth rate of just 1.38 percent in August.China received 8.384 billion U.S. dollars in FDI last month, compared with 7.602 billion U.S. dollars in August, the Ministry of Commerce (MOC) said Friday.The September figure brought the total amount for the first nine months to 74.34 billion U.S. dollars, MOC spokesman Yao Jian said.
BEIJING, Oct. 23 (Xinhua) -- China expects Japan to make joint efforts so as to maintain and advance the two nations' ties, said Foreign Ministry spokesman Ma Zhaoxu on Saturday.Ma made these remarks when asked to comment on a statement made by Japan's Foreign Minister Seiji Maehara who reportedly said on Friday that as the world's second and third largest economies, Japan and China should work together to continue pushing forward the two countries' strategic links."We have taken note of the statement. We expect Japan to work with us in joint efforts to maintain and advance the strategic bilateral relationship of mutual benefit," Ma said.Maehara said on Monday China's countermeasures in September following Japan's detention of a Chinese trawler captain near the Diaoyu Islands in the East China Sea were "hysterical."Ma responded on Tuesday that China was shocked by the comments and urged Japan to take concrete actions to repair ties.