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TIANJIN, June 8 (Xinhua) -- Scotland will strengthen cooperation with north China's industrial city Tianjin in trade, finance, education and new energy, according to a joint statement signed by officials from the two sides Thursday."The joint statement highlights Scotland's interest in developing long-term ties with Tianjin in areas such as financial services and renewable energy," said First Minister of Scotland Alex Salmond, who signed the document.Salmond, who led business groups to Beijing and Shanghai prior to his visit to Tianjin, said he hoped Chinese and Scottish firms could ink deals on renewable energy, finances, and life science.With a potential wind power generating capacity of 36.5 billion watts, the use of wind power in Scotland ranks among the top in Europe. Scotland is also a leader in developing offshore wind power farms.
BEIJING, Aug. 22 (Xinhua) -- Wuhan Iron and Steel Company Ltd., the listed subsidiary of China's third largest steel maker, said Sunday that its net profit rose 90.43 percent year on year to 963.53 million yuan (141.7 million U.S. dollars) during the first half of the year as strong economic growth boosted steel demand and prices.The company's first-half-year sales reached 34.36 billion yuan, up 50.72 percent from one year earlier, it said in a statement delivered to the Shanghai Stock Exchange.However, costs also climbed in the first six months compared with a year earlier because of increases in raw material prices, it said.Production costs for steel products gained 47.12 percent year on year to 31.18 billion yuan. Further, the company's steel output in the first half of the year gained 29.75 percent year on year to 8.04 million tonnes.China's producer price index, a major gauge of inflation at the wholesale level, rose 6 percent in the January-June period, according to statistics released by the National Bureau of Statistics.However, the company was likely to face a "difficult time" in the second half of 2010 and meeting its full-year profit target would become a "challenging task" as demand from auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices, it said.Company officials also worried that high prices of iron ore, coal and electricity would further push up production costs and squeeze profit margins.On Friday, the price of its shares fell 2.87 percent to 4.73 yuan on the Shanghai bourse.
BEIJING, July 11 (Xinhua) -- A Chinese government official said Sunday China had approved renewing the operation license of Beijing Guxiang Information Technology Co. Ltd., operator of Google's China website.The official with the Ministry of Industry and Information Technology (MIIT), who spoke anonymously, told Xinhua that the result of its annual checkup on Google was "Approved after Rectification."Guxiang submitted an application letter to the MIIT on June 29 to renew Google's Internet Content Provider (ICP) license, a permit to run websites in China.In the application letter, Guxiang pledged to "abide by Chinese law," and "ensure the company provides no law-breaking content as stipulated in the 57th statement in China's regulations concerning telecommunications."The statement says that any organization or individual is prohibited from using the Internet to spread any content that attempts to subvert state power, undermine national security, infringe on national reputation and interests, or that incites ethnic hatred and secession, transmits pornography or violence.Guxiang also accepted that all content it provides is subject to supervision of government regulators, said the official.
BEIJING, July 12 (Xinhua) -- The Long March and its legacy had contributed to shaping an extraordinary China, said former U.S. national security adviser Zbigniew Brzezinski, when he called upon the headquarter of China's Central Military Commission (CMC) in Beijing on Monday.His meeting with senior Chinese military leader Xu Caihou started with the memory of the Long March which set Brzezinski in mind of his trip to retrace the Long March in 1981."I learned you had retraced China' s Long March with your family before and your wife is a well-known sculptor," said Xu, who showed Brzezinski around the meeting hall where a set of stone carvings were placed portraying the Chinese Red Army and their epic Long March from 1934 to 1936."Currently China's modern construction and its reform cause are another new Long March, and to stick to a peaceful development road is China's long-term and strategic choice," said Xu, CMC Vice Chairman.Brzezinski, who served under former U.S. President Jimmy Carter from 1977 to 1981, had retraced part of the route of the Long March with his family when visiting China in July of 1981.After that China tour, he wrote an article for the Life Magazine titled "An American Family Retraces Mao's Long March", in which he said "For the emerging new China, the Long March is more than an epic of almost unmatched heroism. It is the reminder of the spirit of national unity essential to overcome the legacy of backwardness."Looking around each of the stone carving with great interest, Brzezinski said the "incredible" and "superb" works had reminded him of his China visits over the years, in particular, the trip to review the Long March.These experience helped me to better understand China and some of its historical events, said the 82-year-old strategist.The Long March was a famous military maneuver carried out by the Chinese Red Army led by the Communist Party of China (CPC) to combat the Kuomintang Regime.Though many soldiers died on the way of the two-year ordeal, the Red Army finally arrived at Yan'an in western Shaanxi Province after the 25,000-li (12,500-kilometer) trek, where the new headquarters of CPC was later established.Brzezinski said all these historical events had helped to shape an extraordinary China.In his two-hour-long meeting with Xu, Brzezinski stressed the United States and China should have all-round strategic dialogues and strengthen coordination and contact, and work for the peace and stability of the world.Xu agreed the two sides should properly handle bilateral relations and international issues to their mutual benefit instead of as a zero-sum game."More than 30 years of China-U.S. relations have proved the two countries can co-exist peacefully and enjoy common development. China's development will expand cooperation between the two countries," Xu added.Brzezinski is visiting China at the invitation of the Chinese International Institute for Strategic Society.
HARARE, July 7 (Xinhua) --The eighth session of the Zimbabwe/ China joint permanent commission ended in Harare on Wednesday with a pledge by the two countries to widen and deepen economic cooperation.The two countries discussed ways of enhancing various cooperation projects already being implemented and new ones in the energy, agriculture, manufacturing, transport, tourism and water sectors.An agreement was also signed for China to provide 1.5 million U. S. dollars to the China-Zimbabwe Friendship Hospital in Mahusekwa, Mashonaland East Province, for medical equipment and drugs.The hospital is part of the several projects that include two primary schools and an agricultural demonstration center that China is constructing in Zimbabwe as part of the eight measures agreed to at the Forum on China-Africa Cooperation (FOCAC) Summit in 2006 in Beijing.Other support from China includes a 200 million U.S. dollars buyer's credit facility extended by the China Exim Bank for procurement of agricultural inputs to boost food production in Zimbabwe.Zimbabwean foreign minister Simbarashe Mumbengegwi praised China for setting a shining example to other world donors by honoring pledges it made to assist Zimbabwe under the Forum for China-Africa Cooperation.Mumbengegwi noted that under the eight measures enunciated by Chinese President Hu Jintao at the FOCAC heads of state summit in Beijing in 2006, projects earmarked for Zimbabwe are now at various stages of completion.The Chinese government has also dispatched 10 agricultural experts and 23 volunteers to buttress the cooperation."By successfully implementing these measures, China has set a shining example for other donors and international cooperating partners who do not always honor their commitments," Mumbengegwi said at the opening of the eight session.He said Zimbabwe is also willing to learn and benefit from China's experience and expertise in the economic sphere, which has transformed the country into a global economic powerhouse."Zimbabwe will, therefore, welcome Chinese investment and is ready to discuss during the joint commission specific projects in the energy, agriculture, manufacturing, transport, tourism and water sectors," he said.Mumbengegwi thanked China Exim Bank for extending the 200 million U.S. dollars buyer's credit loan repayment period from five to eight years, saying this would give Zimbabwe the breathing space to turn around its economy and enhance capacity to repay loans extended by China."The payment of the arrears and extension of the repayment period on the 200 million U.S. dollars buyer's credit loan have paved the way for increased cooperation between Zimbabwe and China, " he said.While hailing China as a good example of a reliable and dependent donor partner, Mumbengegwi said he hoped the Asian country will similarly implement new eight measures announced by Premier Wen Jiabao at the fourth ministerial conference of FOCAC held in Egypt last year.He said the projects that have been identified for implementation in Zimbabwe are in critical sectors of energy, water, health, education, agriculture and social infrastructure.