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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.

ZHENGZHOU, May 29 (Xinhua) -- Visiting Indian President Pratibha Patil on Saturday visited an ancient Buddhist temple in central China that is believed to be the starting point for Buddhism's spread from India into China.Patil toured the White Horse Temple in Luoyang City, Henan Province, accompanied by the temple's abbot Shi Yinle, and inaugurated an Indian-style Buddhist hall as a gift to China.A Han Dynasty (206 BC-220 AD) emperor ordered the construction of the temple in honor of two Indian monks and horses that carried Buddhist scriptures and Buddha statues from India to the then capital Luoyang in 67 AD.During Chinese Premier Wen Jiabao's visit to India in 2005, the two countries agreed to build the Indian-style hall in the temple to commemorate the long history of bilateral ties.The 3,450-sq-m hall was funded by the Indian government and constructed by the Chinese side, the first of its kind outside of India.Wang Zhizhen, vice chairwoman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, also attended the inauguration ceremony.Following the visit, Patil left Henan for the ongoing World Expo in Shanghai, the last leg of her week-long state visit to China.During her visit, the two sides agreed to boost cultural exchange and people-to-people contact.

BEIJING, June 1 (Xinhua) -- China Tuesday released details of its green-car subsidy program designed to boost the nation's auto industry and cut vehicle emissions.Through the program, subsidies of up to 60,000 yuan (8,784 U.S. dollars) will be given to buyers of pure electric vehicles in the five cities chosen for the pilot program, the Ministry of Finance said in a statement on its website.Buyers of plug-in hybrid cars will receive up to 50,000 yuan in subsidies.The cities chosen for the pilot program are Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.China is the world's largest auto market.

BEIJING, May 18 (Xinhua) -- Chinese Premier Wen Jiabao met here Tuesday with Director-General of the UN Educational, Scientific, and Cultural Organization (UNESCO) Irina Bokova.China attaches great importance to education, technological progress and conservation of cultural diversity from a strategic perspective, and is engaged in people's all-round development, all-round social progress and harmonious and sustainable development of the world, said Wen.Wen said China is willing to enhance cooperation with the UNESCO to jointly advance the lofty career concerning mankind's future.Chinese Premier Wen Jiabao (R) meets with UNESCO Director General Irina Bokova in Beijing, capital of China, May 18, 2010.Bokova described China as an indispensable partner of the UNESCO, saying the UN organization needs China's support and participation.Bokova hoped China could play a bigger role in promoting South-South cooperation, conserving cultural diversity and dealing with the global challenges.

BEIJING, June 6 (Xinhua) -- China's work safety conditions remained grim as the number of work safety accidents remained large, illegal production still posed challenges and safety management was still loose, a senior official said on Sunday.Yang Yuanyuan, deputy chief of the State Administration of Work Safety, made the remarks at a forum on work safety in Beijing.In the first five months this year, 499 people were dead or missing in 36 major workplace accidents such as coal mine flood and gas explosion, a rise of nearly 40 percent from the same period a year ago, Yang said.Notably, five severe accidents, each with a death toll of more than 30, had happened so far this year, killing 181 lives, up nearly 70 percent year on year, he said.Yang noted the grave picture reflected poor enforcement of safety rules, and enterprises' mere pursuit of output in sacrifice of work safety.He said the government would make continuous efforts to bring those accidents under control.