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CAIRO, Sept. 26 (Xinhua) -- Chinese and Egyptian industry officials vowed closer bilateral economic ties on Sunday with the signing of an industrial cooperation agreement.Egyptian Minister of Trade and Industry Rachid Mohamed Rachid met with Chinese Minister of Industry and Information Technology Li Yizhong. Both talked about the expansion and improvement of bilateral trade and economic cooperation.Rachid told reporters that he hoped the new agreement would pave the way for more cooperation in different industry sectors including manufacturing of cars components, textiles, petrochemicals, electronics and technology."This agreement includes the process of sharing technology and increasing investment in the industrial sector and training of workers as well as helping Egyptian companies promote their products in the Chinese markets," said the Egyptian minister.The agreement also included the formation of an Egyptian- Chinese task force that takes the responsibility of sharing information and experiments in the industrial sectors and encouraging Egyptian and Chinese firms to establish joint ventures in different areas of cooperation, according to Rachid.Rachid said that Egypt wanted to benefit from the successful Chinese experience in the industrial sector.Egyptian Prime Minister Ahmed Nazif also met with the Chinese minister. The prime minister said Egypt shows great interest in boosting cooperation with China.The bilateral trade between Egypt and China increased from 3 billion U.S. dollars in 2006 to 6.24 billion dollars in 2008, according to Chinese Ambassador to Egypt Wu Chunhua.By the end of last year, Chinese investment in Egypt exceeded 500 million U.S. dollars. Chinese auto companies such as Chery Automobile and Brilliance Automobile have had assembly lines here in Egypt.Rachid expected that the Egyptian-Chinese cooperation would witness a great milestone in all sectors, particularly the trade and industry relations thanks to exchanges in the economic and political levels.

BEIJING, Oct. 18 (Xinhua) -- There will be unrelenting efforts to crack down on activities such as illegal financing and pyramid selling by insurance agents, the China Insurance Regulatory Commission (CIRC) said Monday.The CIRC issued the statement on its website after two cases came to the attention of the insurance regulatory bureaus in Liaoning and Zhejiang provinces.In Liaoning, He Feng, head of the Chende Insurance Agent Company, was detained for collecting capital at high interest rates. In Zhejiang, the license of the Hangzhou Minfeng Insurance Agent Company Limited was canceled for luring policyholders by exaggerating prospective earnings.The CIRC reminded the public not to be misled by similar claims and encouraged them to report illegal activities to reduce their losses.

TIANJIN, Sept. 5 (Xinhua) -- Executives from China's auto makers Sunday rejected an official warning that unchecked growth in the industry was leading to excess capacity and could harm the wider economy.Chen Bin, an official with the National Development and Reform Commission, China's top economic planner, Saturday said excess auto capacity threatened sustainable economic development and must be "resolutely" stopped.But industry representatives and the China Association of Automobile Manufacturers (CAAM) Sunday argued car makers were only trying to meet expected demand in the world's largest auto market.Dongfeng Automobile, a major Chinese auto manufacturer, had been running in top gear since last year, said Fan Zhong, a senior manager. "Our problem is not having enough capacity."Most entrepreneurs at the International Forum on Chinese Automobile Industry Development in Tianjin had similar views.Ford China was focusing on expanding capacity as demand kept rising, said CEO Robert Graziano.The overall capacity of China's auto industry might seem excessive, but the market had huge potential for restructuring and growth, said Hu Xinmin, honorary chairman of the CAAM.

BEIJING, Sept. 7 (Xinhua) -- Premier Wen Jiabao said here Tuesday that China will shoulder its responsibility and contribute more to the world.Wen made the remarks when meeting with several former foreign leaders here to attend the two-day 21st Century Forum.They are former Nigerian President Olusegun Obasanjo, former European Commission President Romano Prodi, former Australian Prime Minister John Howard, former Russian Prime Minister Evgeni Primakov, former German Chancellor Gerhard Schroeder and former Japanese Prime Minister Yasuo Fukuda.In the meantime, Wen appealed for understanding, support and help from the international community, noting China still faced tremendously complicated issues and challenges after realizing great achievements.He also said China will adhere to the policy of reform and opening up, cooperation of mutual benefit and peaceful development, which will not only be China's strategic choice, but also its promise to the world.He said mankind should be confident of their success in achieving balanced, harmonious and sustainable development.Citing the profound impact caused by the global financial crisis, Wen said it was crucial at this moment for people to work together in a better way when dealing with global issues.The former foreign leaders said the international community paid close attention to China's development and its role in the world.Solving global issues required more understanding and trust between countries, more efficient cooperation, and development of science and technology, they said.The former officials also voiced the international community's willingness to cement cooperation with China so as to achieve common development.The forum, featuring the theme "New Era, New Challenge, New Vision -- Building a Future For All," is hosted by the Chinese People's Political Consultative Conference (CPPCC).Later Tuesday, CPPCC National Committee Vice Chairman Wang Gang also met with some delegates here attending the forum, including Antonio Marzano,the president of the International Association of Economic and Social Councils and Similar Institutions.The forum will conclude on Wednesday.

WARSAW, Nov. 4 (Xinhua) -- China's top political adviser Jia Qinglin met Grzegorz Schetyna, speaker of the Polish House of Representatives, here Thursday and vowed to bolster ties with the central European nation. Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, applauded Chinese-Polish relations, urging the two sides to boost economic and trade cooperation."China attaches importance to the relations with Poland, which is China's important partner in Europe and the European Union," Jia said.China will, based on the principles of mutual respect, mutually beneficial, non-interference of domestic affairs, further personnel exchange with Poland, expand cooperation in various fields such as trade and economy, take care of each other's core interests and major concern, Jia said. Jia Qinglin (R), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, meets with Grzegorz Schetyna, speaker of the Polish House of Representatives, in Warsaw, Poland, Nov. 4, 2010.Schetyna welcomed Jia's visit, during which several agreements on economic and technological cooperation were inked, saying it would contribute to the development of bilateral ties.Jia arrived here Tuesday for a five-day official goodwill visit. He will continue his four-state trip after visiting Krakow, the ancient Polish capital in the south of the country.Upon his arrival at Krakow Thursday afternoon from Warsaw, Jia met with Stanislaw Kracik, governor of the Lesser Poland Voivodeship in southern Poland.He hailed the cooperation between the Polish province and its sister Jiangsu Province in east China, urging the two provinces to further such ties.