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YUSHU, Qinghai, April 15 (Xinhua) -- The death toll of China's Qinghai 7.1-magnitude earthquake rose to 589 as of 1:20 a.m. Thursday, according to the local quake-relief headquarters. The headquarters have dispatched relief work groups respectively in charge of rescue, quake survivors' daily life, detecting aftershocks and health and disease control.Rescuers work on the debris of a local vocational school after a quake in Yushu County, northwest China's Qinghai Province, April 14, 2010. About 589 people have died after a 7.1-magnitude earthquake hit Yushu early on Wednesday. Jia Yingzhong, Party secretary of the Yushu Tibetan Autonomous Prefecture called for all local cadres to make all-out effort in rescue and relief work. Those who fail to do the job will be sacked immediately, he said.
BRASILIA, April 14 (Xinhua) -- Chinese President Hu Jintao arrived in Brasilia on Wednesday for a summit of Brazil, Russia, India and China slated for Thursday and Friday, and a state visit to the Latin American state.At the summit of the four countries -- collectively known under their acronym BRIC, the leaders will discuss the global economy and financial situation, reform of the international financial system, climate change and cooperation among the four countries, Chinese diplomats said.President Hu has chosen Latin America as the destination of his first overseas trip so far this year. His visit to Brazil, Venezuela and Chile is seen as an important move to enhance ties between China and Latin American countries.Chinese President Hu Jintao (L, front) is greeted by Brazilian senior officials upon his arrival in Brasilia, capital of Brazil, April 14, 2010. Chinese President Hu Jintao arrived in Brasilia on Wednesday for a summit of Brazil, Russia, India and China slated for Thursday and Friday, and a state visit to the Latin American state. In a statement released upon his arrival at the airport, Hu said his visit aimed to enhance political trust, expand strategic cooperation and advance the China-Brazil strategic partnership to a higher level.Hu said both China and Brazil are working to maintain world peace and promote common development.Hu said under the joint effort of both sides, political trust between the two countries have been deepened as cooperation in various fields bear rich fruits. The two countries have cooperated closely with each other on international affairs and joined efforts to safeguard the interests of developing countries.
CHICAGO, April 21 (Xinhua) -- The Chicago-based Boeing Company reported on Wednesday that its first-quarter net earnings were 519 million U.S. dollars, down 15 percent from 610 million dollars in the same quarter last year, citing the health care legislation charge.The aerospace and defense giant said in its first quarterly financial report that total revenues for the first three months were 15.22 billion dollars, down from 16.50 billion dollars in the prior year quarter while the earnings per share was down to 70 cents from 86 cents one year ago.Boeing indicated that the results for the quarter reflect solid performance across core businesses and a previously disclosed 20 cents charge per share on health care legislation, while the year- ago quarter results were reduced by 31 cents per share on a charge due to poor market conditions in commercial airplanes."With clear progress on the 787 and 747-8, solid financial performance and marked improvement in our customer outlook, we continue to draw on the positive momentum we saw at the end of 2009," said Jim McNerney, Boeing chairman, president and chief executive officer.Boeing's earnings guidance for 2010 is pegged at 3.50 dollars to 3.80 dollars per share, reduced from 3.70 to 4.00 per share due to the charge on health care legislation. At the same time, the company continues to expect that 2011 revenue will be higher than 2010, primarily driven by projected 787 and 747-8 deliveries."Our outlook remains attractive, and we are focused on executing well and delivering on our commitments to customers," said McNerney.The report also indicated that the 787 program continued flight testing during the quarter, as an additional two airplanes joined the two airplanes already in the flight test program.The Dreamliner completed key flight test milestones such as flutter, stall and ground-effect tests. On March 28, the static test unit successfully completed the ultimate load test with a fully pressurized cabin.The 787's first delivery is expected in the fourth quarter of 2010. Total firm orders for the 787 at quarter-end were 866 airplanes from 57 customers.
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.
MANILA, June 7 (Xinhua) -- A reception was held in Manila Monday evening to mark the 35th anniversary of the establishment of diplomatic relations between China and the Philippines.Present at the reception, hosted by the Chinese embassy, were Philippine Foreign Secretary Alberto Romulo, former Philippine first lady Imelda Marcos, diplomats, Filipinos with Chinese origin and representatives of Chinese enterprises investing in the country.Addressing the reception, Chinese ambassador to the Philippines Liu Jianchao said that over the past 35 years, constructive and productive meetings on a regular basis between top leaders of the two countries have been indispensable in advancing bilateral ties with sustaining strength."I strongly believe," he said, "The essence of China- Philippines should be rooted in our peoples, in the studies we share, the business we do, the knowledge we gain, and even the sports we play.""Our purpose has always been making friends and partners with the Philippines and all the other countries in the region, fostering an amicable, stable and prosperous neighborhood, and building cooperation for mutual benefit and win-win progress," he added."As we are expecting the Philippine top leadership to be proclaimed, we know that China-Philippines relations are facing a new historical opportunity. The common interests between China and the Philippines are large, so is the scope of China-Philippines cooperation. The Chinese side looks forward to working with the incoming Philippine administration to ensure that China- Philippines strategic and cooperative relationship gets off to a good start and continues to forge ahead," he said.Philippine Foreign Secretary Romulo said that the theme for this year's anniversary is "Philippines plus China, more than friends". This theme highlights three distinct features of bilateral relationship: the deep ties of friendship between the two peoples; the multifaceted and expanding bilateral relations; and the role of youth in this relationship."We are proud that many prominent Filipinos are of Chinese ancestry. Foremost among them, of course, is our national hero, Dr. Jose Rizal, our first woman President Corazon C. Aquino, and our first Filipino saint, Lorenzo Ruiz," he said.Aside from these prominent Filipinos, members of the Chinese- Filipino community have made and continue to make significant contributions to Philippine society, he added.China and the Philippines established diplomatic relations on June 9, 1975.