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MADRID, Jan. 5 (Xinhua) -- Vice Premier Li Keqiang's visit to Spain will vigorously boost the development of the comprehensive strategic partnership between China and Spain, and turn a new chapter of bilateral trade and economic cooperation, a Chinese official said here on Wednesday.Gao Hucheng, China's international trade representative and vice minister of commerce, told reporters in Madrid that Li's ongoing Europe tour is the first foreign trip by Chinese leaders in 2011 and the choice of Spain as the first leg demonstrates the importance that China has attached to its ties with Spain and its strong will to promote cooperation with Spain.Li arrived here Tuesday for a three-day official visit to Spain. He will later visit Germany and Britain in his three-nation Europe tour.Gao hailed the ever closer trade relations between China and Spain, their increasing two-way investments and new progress in their cooperation in major projects such as in the energy field.Gao said both sides have been deepening cooperation in some traditional areas like finance and telecommunication, and making new achievements in new energy and brand cooperation.During Li's visit to Spain, the two sides signed a series of agreements on economic and trade cooperation in the financial, petroleum and chemical, renewable energy, nuclear power equipment and food sectors, he said, adding that the deals are worth 7.5 billion U.S. dollars.Vice Premier Li, whose entourage included more than 80 entreprenurs, Wednesday delivered a speech at a breakfast attended by Chinese and Spanish entreprenurs.The address augmented the confidence of the two countries' enterprises in bilateral cooperation in coping with the global financial crisis, and the expansion of bilateral economic and trade cooperation, Gao said.As a long-term strategic partner of the European Union (EU), China supports the measures Spain and other EU countries have taken to stabilize its economy and financial markets, and it has confidence in Spain's and the EU's financial markets, he said.After the outbreak of the sovereign debt crisis in Europe, Gao said, China has kept buying national bonds of Spain and other EU nations, helping EU countries weather the crisis with concrete efforts.Gao expressed his belief that with concerted efforts by the EU and the international community, Spain and other EU nations will eventually tide over the crisis and achieve full economic recovery.

BEIJING, Jan. 12 (Xinhua) -- U.S. Ambassador to China Jon Huntsman on Wednesday said Chinese President Hu Jintao's state visit to Washington later this month will be "exciting and historic.""State visit is the highest level of welcome that is accorded to a foreign head of state. Hu's state visit is a very exiting and historic time in U.S.-China relationship," Huntsman told a press briefing on Wednesday.Hu will pay a state visit to the United States from Jan.18 to 21 at the invitation of U.S. President Barack Obama."It is the first time that the two heads of state meet when they represent the two largest economies...Their influence is derived from the world, not form a region," Huntsman said.The ambassador said it was noteworthy that over the years Obama and Hu had met 7 times and developed a "friendly, cordial and confident" relationship.He hailed efforts on both sides to build a positive, cooperative and comprehensive U.S.-China relationship, citing the high-level meetings like Strategic and Economic Dialogue, Joint Commission on Commerce and Trade as well as some cabinet-level visits like Defense Secretary Robert Gates' just concluded trip to Beijing.In a relationship that is as mature, direct and candid as U.S.-China relationship, there will inevitably be some areas of disagreements, Huntsman said."Divergences are largely outweighed by areas of convergences," he said.Ambassador said the United States and China would increasingly find common ground."As both countries are on the world stage, they will see a similar level of responsibility in terms of problems and deal realistically with the issues that confront the world, ranging from Iran nuclear issues and Korean Peninsula tensions to economic rebalance and climate change," Huntsman said.

BEIJING, Nov. 22 (Xinhua) -- Chinese Ministry of Public Security said Monday that the nation's police authorities had shut down 500 underground banks since 2002 in its battle against money laundering.Ten crack-down campaigns have be waged since 2002 when the ministry set up a division dedicated to anti-money laundering, in which over 100 cases involving more than 200 billion yuan (30 billion U.S. dollars) have been handled, the ministry said in a statement.The ministry has trained more than 400 police officers specialized in handling money laundering cases over the past eight years, said the statement.In order to promote international cooperation, China joined the Moscow-based Eurasian Group on Combating Money Laundering and Financing of Terrorism as a founding member state inn October 2004.In June, 2007, China joined another international anti-money laundering organization, the Paris-based Financial Action Task Force on Anti-Money Laundering.