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CHANGZHOU, Aug. 21 (Xinhua) -- Chinese Vice Premier Li Keqiang on Saturday called for more favorable policies to encourage the construction of affordable housing.Li made the remarks at a meeting on affordable housing held in Changzhou city of east China's Jiangsu Province.He reiterated that China would complete construction of 5.8 million units of affordable housing, including low-rent housing, public rental housing and resettlement housing for relocated residents from redeveloped urban shanty towns.In May, the Ministry of Housing and Urban-Rural Development signed an agreement with local governments nationwide to build 5.8 million units of affordable housing."Meanwhile, measures should be taken to increase the supply of commercial housing to meet people's reasonable needs of housing consumption," he said.He said local governments should adopt a realistic approach to affordable housing construction and plans should be based upon local needs.For populous cities, construction should focus on public rental housing that provides homes for low- and medium-income families, newly-employed school graduates and migrant workers, he said.

BEIJING, Aug. 16 (Xinhua) -- China's central bank and banking regulatory commission have ordered the country's financial institutions to provide preferential loan policies to victims in the mudslide-hit regions of Gansu and Sichuan provinces.The minimum down payment for a home in the disaster-affected urban regions could be reduced to 10 percent while the interest rate for home loans could be cut to possibly 60 percent of the benchmark rate, the People's Bank of China, the central bank, and China Banking Regulatory Commission said in a joint statement issued over the weekend.Banks were also asked to help ease loan pressures for rural residents in the disaster-affected regions.A massive mudslide, which took place on Aug. 8 in Zhouqu County of northwest China's Gansu Province, has killed 1,248 people as of 4 p.m. Sunday, with 496 still missing. Flooding and mudslides in southwest China's Sichuan Province has left at least 13 dead and 59 missing.

CANBERRA, June 17 (Xinhua) -- Prime Minister Michael Somare on Thursday met with Liu Jieyi, vice minister of the International Department of the Communist Party of China (CPC) Central Committee.Liu, who was leading a CPC friendship delegation, said the relationship between China and Papua New Guinea exemplifies China's friendly cooperation with Pacific nations.China appreciates Papua New Guinea's adherence to the one-China policy, and would like to make joint efforts with the country to deepen their exchanges and cooperation in all fields, Liu said.He said China also would like to fully unleash the potential of economic and trade cooperation, and push for sound and stable development of bilateral ties between the two countries.The CPC would like to strengthen communications with Papua New Guinea's ruling National Alliance in order to learn from each other and enhance political mutual trust, Liu said.Somare said his country regards China as an important development partner, and he is satisfied with development of their bilateral ties.

CANBERRA, June 21 (Xinhua) -- Visiting Chinese Vice President Xi Jinping called here on Monday for deepening strategic cooperation with Australia on energy and resources.In a speech delivered to the Australia-China Economic and Trade Cooperation Forum in the Parliament House, Xi said the cooperation on energy and resources between China and Australia boast profound foundation and great potential, and it has become a shining point for the bilateral economic and trade cooperation.Currently, Australia is the biggest exporter of iron ore, alumina, coal and liquefied natural gas to China, and it is also the biggest supplier of wheat, sheep hair and live cow for China.China is Austria's biggest trading partner and biggest exporting market as well as biggest importer. Despite of global financial crisis, Australia's export to China still rose by 31 percent in 2009.Xi said China, which is still in the process of industrialization and urbanization, increasingly needs energy and mineral resources, while Australia is an important energy and resource producer and exporter, so there is a remarkable potential for Australia to set up strategic cooperation with a nation like China, which boasts huge and steady market demand.