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HONG KONG, June 25 (Xinhua) -- Air China, China's leading carrier listed in Hong Kong, said late Friday that it would pay 1. 3 98 billion U.S. dollars to buy 20 Boeing 737-800 planes.In a statement filed to the HK stock exchange, the carrier said the cost would be "payable by cash in installments" and it would " take delivery of the Boeing Aircraft in stages from 2013 to 2015"."The aircraft price is subject to price escalation by applying a formula. Boeing Company has granted to the Company (Air China) significant price concessions with regard to the Boeing Aircraft," said the statement.The transaction will be funded through cash generated from Air China's business operations, commercial bank loans and other financing instruments of Air China, said the statement.The Beijing-based airlines said the transaction would expand its fleet capacity with an increase of around 5 percent based on available tonne kilometers of Air China by the end of 2009.In particular, the deal would reinforce Air China's market share in the Chinese domestic market, and would also increase frequency of flights for a number of domestic and neighboring international routes, it added.By the end of September last year. Air China owned 256 passenger planes, mostly Boeing and Airbus. It operated 250 routes covering 32 countries and regions worldwide. It currently has another 130 or so planes in several orders.

ZHOUQU, Gansu, Aug. 9 (Xinhua)-- Premier Wen Jiabao has urged rescuers to race against time to search survivors after catastrophic mudslides hit a northwest China county and left nearly 1,300 people missing Sunday.At least 127 people have been confirmed dead and 1,294 others were reported missing in rain-triggered mudslides in Zhouqu County, Gannan Tibetan Autonomous Prefecture in Gansu Province, early Sunday morning."For those who were buried under the debris, now it's the most crucial time to save their lives," Wen stressed during a meeting held at the county government late Sunday night.He said the search and rescue work must not be halted as long as the possibility for finding survivors still exists.He instructed the rescuers to locate places where most people were buried or trapped and to clean the sludge as soon as possible.Wen also demanded that traffic, power supply and telecommunication in the county should be resumed as soon as possible."And people who have been evacuated should be taken good care of," Wen stressed.

ZHOUQU, Gansu, Aug. 8 (Xinhua) -- At least 127 people have been confirmed dead in rain-triggered mudslides Sunday in a northwest China county, while rescuers are racing against the clock to search nearly 1,300 others who are still missing.Heavy downpours triggered landslides and mud-rock flows in Zhouqu County, Gannan Tibetan Autonomous Prefecture in Gansu Province, early Sunday morning.The rescue headquarters in Zhouqu estimated that 1,294 people are missing as of 9 p.m. Sunday. Earlier the provincial civil affairs department put the figure at nearly 2,000.Another 117 were injured, including 29 in serious condition, as of 9:25 p.m.. In addition, 1,242 have been rescued from debris or brought to safety from places such as tops of buildings.About 45,000 people have been evacuated, according to a statement from the provincial civil affairs department.The water level in the county seat of Chengguan Township had declined by 40 cm, after floodwaters carrying mud and rocks submerged half the town in the small hours on Sunday, said Mao Shengwu, head of the prefecture.Chinese President Hu Jintao and Premier Wen Jiabao instructed the Gansu provincial government and other related departments to spare no efforts to save lives. Wen arrived at Zhouqu County at 4:35 p.m.The China National Committee for Disaster Reduction, the State Flood Control and Drought Relief Headquarters and the Ministry of Civil Affairs have lifted the national disaster relief response level to grade II, the second highest level.

PARIS, July 7 (Xinhua) -- Top Chinese legislator Wu Bangguo and French Prime Minister Francois Fillon agreed on Wednesday that China and France should further consolidate bilateral ties and expand economic cooperation.During a meeting held at Fillon's office, Fillon said Wu's visit will strengthen the traditional friendship between Paris and Beijing and promote the Sino-French comprehensive strategic partnership to a new stage.Wu, who is conducting an eight-day official goodwill visit to France, said China and France share common interests in many areas. It is in the interest of both people to further develop the bilateral cooperation.Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, the country's top legislature, meets with French Prime Minister Francois Fillon in Paris, July 7, 2010.The Chinese and French economies are highly complementary and have great potential for more bilateral cooperation, said Wu, Chairman of the Standing Committee of China's National People's Congress (NPC).China is willing to build a long-term and sustainable economic partnership with France, he added.Fillon said the French government encourages French enterprises to expand cooperation with China in environmental-protection, agriculture and finance sector. France and China have common interests in accelerating the recovery of world economy and coping with global issues. France gives high priority to the development of Sino-French ties.The two sides also achieved consensus on working together to boost exchange and cooperation between China and the European Union.

BEIJING, July 19 (Xinhua) -- While China strives to create a more open and fair business environment, the country also wants business to embrace environmental-friendly policies. The move, aimed at a sustainable growth, should not be interpreted as worsening the investment conditions, analysts note."Currently, there is an allegation that China's investment environment is worsening. I think it is untrue," Premier Wen Jiabao said while talking with heads of prestigious German and Chinese firms in northwest China's Xi'an city over the weekend.Although Chinese leaders stated that China welcomes foreign investment as always, some western media have repeatedly run stories that claim China's investment environment is worsening.Statistics, however, tell a different story. Foreign direct investment (FDI) that flowed into China in June surged 39.6 percent from a year earlier, resulting in a 19.6-percent year-on-year increase during the first half of this year."Foreign investment will not pour into a country where the investment environment is worsening," Wen said.China will continue both its opening-up policy and improving its investment environment, as the government promised, but structural changes are expected because both China and the world are changing, analysts said.For the past 30 years, China has been wooing foreign investment with many preferential policies designed to attract badly-needed capital, advanced technology and management expertise.