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BEIJING, July 22 (Xinhua) -- The Communist Party of China (CPC) issued a commendation on Thursday to award honorary titles to 36 grassroots Party organs and 30 Party members for their great dedication and sacrifice in providing assistance following the earthquake in Yushu of northwest Qinghai Province on April 14.A statement of the commendation released by Organization Department of the CPC Central Committee said that the Party organs and members had shown leading examples in responding and assisting following the devastating disaster, under the strong leadership of the CPC Central Committee.One of those awarded Party members, Yang Yong, died in a car accident which occurred while returning home after finishing a medical assignment in quake-hit Yushu.Yang served as vice director of the emergency response office with the health department of the Sichuan provincial government.The CPC Central Committee called on Party members and organs to learn from the awarded individuals, to maintain their loyalty to the Party and obey the Party's disciplines so as to make more contributions to the all-round construction of socialism with Chinese characteristics.

BEIJING, June 16 (Xinhua) -- China's National Meteorological Center (NMC) issued a rainstorm alert Wednesday as heavy rains were expected to pound the flood-affected southern provinces.Most regions in south China, including provinces of Guizhou, Jiangxi, Zhejiang, Guangdong, and the flood-hit Fujian, Hunan and Guangxi Zhuang Autonomous Region, would experience heavy rain or rainstorms between 8 a.m. Wednesday to 8 a.m. Thursday (Beijing time), the NMC said.Rainstorms were forecast for south China also during the next three days, while regions in Xinjiang Uygur Autonomous Region in northwest China, Inner Mongolia Autonomous Region in the north, and northeastern China would also experience rainfalls, it said.The observatory warned local authorities in south China, especially in the flood-battered regions, to get prepared for possible floods and geological disasters.In Fujian, heavy rains have triggered landslides and flash floods, which engulfed two vehicles in Nanping City and left at least six people dead as of Tuesday.China's Office of State Flood Control and Drought Relief Headquarters has dispatched work teams to the southern provinces of Hunan, Fujian and Guangxi and to Xinjiang after heavy rains hit the regions.

HETIAN, Xinjiang, Aug. 21 (Xinhua) -- Top Chinese political advisor Jia Qinglin here Saturday called for greater efforts by local religious circles in Hetian, in northwest China's Xinjiang Uygur Autonomous Region, to contribute to the long-term stability and development of Xinjiang.When meeting with representatives of local religious circles during his visit to Hetian, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), listened to their advice and opinions.Speaking highly of the contributions of patriotic religious personages, Jia said Party committees and governments at all levels in Xinjiang have always attached great importance to the education and cultivation of religious believers, showed care for their lives and work, and given great support to their religious activities.Citing a roadmap outlined by the central work conference on Xinjiang's development held in May, Jia urged Xinjiang's religious circles to help consolidate national unity and harmonious religious relations.Jia also asked them to resist and eliminate the influence of religious extremism in their religious activities.

BEIJING, June 23 (Xinhua) -- Chinese banks should set up an independent risk management system in line with its strategic expansion plan as part of efforts to ward off financial risks, China's banking regulator said Wednesday.The breakout of the global financial crisis highlighted the necessity of increasing management of differentiated sovereign risks, the China Banking Regulatory Commission said in a guideline published on its website.Just as Chinese banks were expanding throughout the world, the overseas risks they were facing were on the rise, the guideline noted.Sovereign risks refer to ones that banks are exposed to when overseas borrowers or debtors are unable to repay debt because of their countries' economic, political and social changes.Chinese lenders were required to differentiate risks according to the countries involved and make policies on the minimum potential loan loss provisions ranging from 0.5 percent to 50 percent, according to the guideline.The banks must meet the requirements under the guideline by June 1, 2011.

BEIJING, July 30 (Xinhuanet) --Zhejiang Geely Holding Group Co is expected to complete it takeover of Swedish luxury car brand Volvo from US automaker Ford Motor Co on Monday after getting government approval for the deal.Ministry of Commerce officials told China Daily on Thursday that the government cleared the Volvo deal on Monday 26, after the National Development and Reform Commission cleared the proposal last week.Geely has also got the necessary anti-trust approvals from the European Union and the US government for the deal.Li Shufu (center), chairman of Zhejiang Geely Holding Co, arrives for a news conference in Beijing earlier this year. The Geely-Volvo deal has won approval from the Chinese government."With this the decks are now clear for Geely to complete its acquisition of Volvo and start manufacturing the brand in China," said Wang Zhile, director of the research center on transnational corporations under the Ministry of Commerce.Yuan Xiaolin, Geely's spokesman for the Volvo deal was unavailable on Thursday for comment. However, unnamed sources from Geely told China Daily that the Zhejiang-based automaker will hold a formal function on Monday to complete the deal.Geely's shares surged nearly 11.32 percent and closed at HK.95 per share in Hong Kong on Thursday.Privately owned Geely paid .8 billion to acquire the Volvo car brand from Ford on March 28 this year. It was the biggest overseas deal made by Chinese automakers in recent times.Geely Chairman Li Shufu had at that time indicated that the company would invest 0 million as operating capital in Volvo apart from the US.8 billion purchase price.Geely said on July 15 that it had appointed Li as the chairman of the board at Volvo Car Corp. At the same time it appointed the former president and CEO of Volvo Hans-Olov Olsson as the vice-chairman.More appointments to the board and top management, including the chief executive and chief financial officer, may be made next week, said sources.Analysts said the Volvo buy will help Geely gain a competitive edge in China and also a major toehold in Europe.Pursuant to completion of the deal, Geely is likely to start making Volvo cars locally.Though it has not announced a location yet, indications are that it may consider Jiading in Shanghai, Chengdu in Sichuan, Beijing or Tianjin as possible production sites.During the firsts six months of the year, Volvo sold 15,497 cars in China, up 88 percent over last year.That compares to the Swedish luxury brand's 5.2 percent and 9 percent year-on-year decline in major markets like the United States and Germany.Geely plans to increase Volvo's annual sales in China to 150,000 units by 2015, said sources.

来源：资阳报