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BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies. In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financial system, and ask banks to lend more evenly, while strictly implementing credit policies in the property sector. The nation will also take steps to rein in fast-rising property prices and strengthen credit controls for the sector, according to Housing and Urban-Rural Development Minister Jiang Weixin. A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November "We should scrap or adjust local property policies launched last year that no longer comply with the current macroeconomic goals," Jiang said. According to Dong Chen, director of the research institute of Southwest Securities, the government moves on real estate policies indicate that while policymakers are striving to cement the economic rebound, they are also serious in curbing the excessive liquidity in the financial system to allay fears of asset bubbles and inflation. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November, fueling concern that record lending and inflows of capital from abroad are building up asset bubbles. "Credit policy is the key to curb the rising property prices, as it would have a direct impact on transaction volumes," said Su Xuejing, an analyst with Changjiang Securities. "We anticipate more policy tightening in the future like increasing the down payment and mortgage rates for second-home buyers," he said. Shanghai Securities News said on Tuesday that the government plans to expand trials of a real estate tax, citing an unidentified person close to the State Administration of Taxation. The anticipated policy changes have also affected the capital market performance of leading realtors. Shares of China Vanke Co, the country's largest listed property developer, have fallen more than 12 percent in the past month on concerns that the measures to cool the property market would impact earnings. Poly Real Estate Group Co, the second largest real estate firm, also saw its shares fall to a four-month low. Meanwhile, a report from UK real estate service provider Savills said that the tighter credit policies and soaring realty prices have spurred property sales by international investors. Many of the investors had acquired the properties several years back and have been able to get handsome returns now, it said. "Sales by foreign investors increased from 7 percent in 2008 to 20 percent in 2009," said the report.
BEIJING, Oct. 26 (Xinhua) -- Chinese Vice Premier Li Keqiang's upcoming visit to three nations would help advance bilateral relations between China and the three nations, said a senior official here on Monday. "The visit will cement and promote our political mutual trust and traditional friendship," Chinese Vice Foreign Minister He Yafei told Xinhua. Li will pay an official visit to Australia, New Zealand and Papua New Guinea from Oct. 29 to Nov. 5 at the invitation of governments of the three countries. "This is an important visit paid recently by Chinese leader to the south Pacific region," He said, noting that the three governments attached great importance to the visit. During the visit, Li will meet with the leaders of the three nations, attend the signing ceremony of bilateral agreements and make extensive contacts with officials of local governments, businessmen and peoples from all circles, according to He. The visit would help promote friendly exchanges and pragmatic cooperation between China and the three countries in trade, energy, resources, science, education and other fields, and strengthen bilateral coordination in international and regional affairs, he noted. Hailing the considerable progress in recent years, He said the Chinese government had always attached great importance to developing friendly and cooperative relations with the three countries. "We always grasp the development direction of bilateral relations from a strategic and long-term perspective, adhere to the five principles of peaceful co-existence, and stick to the spirit of mutual benefit to strengthen our dialogue and cooperation," He noted. "Seeking peace, development and cooperation is our common voice," He said, noting that in many ways, China's relations with the three countries faced a huge potential and rare opportunity for development. He also provided detailed statistics to show the growth of bilateral relations, saying that economies of China and the three nations were highly complementary. Australia is China's eighth largest trading partner and an important supplier of energy resources. Bilateral trade volume with Australia in 2008 reached 59.66 billion U.S. dollars. New Zealand is the first developed country which signed and implemented the bilateral free trade agreement with China. Both Australia and New Zealand recognized China's full market economy status. Papua New Guinea for many years is China's largest trading partner and investment destination in the Pacific island region. According to incomplete statistics, at present, there are 130,000 Chinese students studying in Australia, and about 34,870 studying in New Zealand. The people-to-people exchanges between China and Papua New Guinea is also very active. "Facts show that the development of the relationship between China and these countries has a solid foundation, and accords with the common interests of both sides," He noted.

BEIJING, Nov. 16 (Xinhua) -- Xiao Wu, now a student at Oxford University, recalls her life in Britain started off with "depression" six years ago in a renowned board school. Fresh from China, the reality of the new country failed to meet her expectations. "I was disappointed to find many of my British classmates just spent plenty of time on parties, instead of study," Xiao Wu says, a straight-A student in China, who struck her teachers and peers as "extraordinarily diligent." It has taken her long to come to terms with the fact that British students just could be academically excellent as well without "excess hardworking" that was often held dear by their Chinese peers, she says. "It seems that they could better balance school work and entertainment than most of us," she says. But for younger Chinese, such culture shock is much less likely as they increasingly share a common international culture and make friends abroad. Ding Kaiyan, 15, recalls making friends with Ayumi Saito during the latter's school excursion in China in August, 2008. "We are both veteran players of Popcart (a popular racing game designed in South Korea), fans of NEWS (a Japanese boy band), and lovers of literature," she says. "Although I had not fully mastered Japanese, we hit it off at our first meeting." One year later, Ding called on Ayumi Saito in Japan's Toyama Prefecture. Before her trip, Ding had glimpsed Japanese pop culture and customs through her Japanese teacher, Matsushita Hiroshi, and on the Internet. Ding is one of dozens of students at the Northeast Yucai School, in the northeastern Liaoning Province, who have traveled to Japan to meet children their own age over the past six years. "Globalization is a buzzword for scholars, but for children it just means how they live their lives," said Professor Shi Jinghuan, executive dean of the Institute of Education of the Tsinghua University. Their favorite foods, clothes and pop stars and cartoon characters can come from any corner of the world, and many of them start to speak English at kindergarten, she says. "That may explain how they develop familiarity. "The media, especially the Internet, have presented children all over the world with a colorful global village, and brought them closer," she says. "As long as you want to know, the information is at your fingertips." Shi Junhao, 10, a fifth-grader at Beijing Fangcaodi International School, has just finished a six-week school trip to the U.K. with eight other students. He made friends with Oliver after establishing that they shared a lot in common. "We were partners on the basketball court, and we both like U.S. President Obama," he says. In the past four years, about 400 students from Fangcaodi International School have traveled abroad and more than 3,000 others had contact with foreign peers, says Yang Yuan, a teacher at the school. "Our children have shown strong interest in knowing more about the rest of the world." "For toddlers, smiles and eye contact are enough to initiate friendship," says Cindy Li, a teacher at the SMIC School and Kindergarten in Shanghai, which has 1,800 students from 22 countries and regions, and about 100 foreign teachers. Respect for other cultures and smashing stereotypes are crucial steps for nurturing open minds in children, says Professor Shi Jinghuan. Understanding, respect and tolerance can cement friendships between children from all ethnic groups, says Shi. "Children should know that being different isn't bad."
CANBERRA, Oct. 30 (Xinhua) -- Visiting Chinese Vice Premier Li Keqiang met here Friday with Australian Prime Minister Kevin Rudd to discuss the development of relations between their two countries and issues of common concern. At the meeting, Li said that a healthy and stable China-Australia relationship was beneficial to the core interests of the two peoples and would therefore help promote stability and prosperity in the region and the world as a whole. Australian Prime Minister Kevin Rudd (L) meets with visiting Chinese Vice Premier Li Keqiang in Canberra, capital of Australia, Oct. 30, 2009As two important nations in the Asia-Pacific region, China and Australia shared a wide range of common interests and solid ground for cooperation, either in maintaining regional peace and stability or in driving regional and global economic growth, and dealing with international challenges, Li said. Stressing dialogue, coordination and cooperation were crucial for bilateral relations, the vice premier said both nations need to adhere to a strategic and long-term perspective to deal with bilateral ties. Only by joint efforts could the two sides achieve common progress, he said. Australian Prime Minister Kevin Rudd (3rd R) meets with visiting Chinese Vice Premier Li Keqiang (2nd L) in Canberra, capital of Australia, Oct. 30, 2009Noting that China and Australia have complementary economies, Li said China hopes Australia will always stick to an open and non-discriminatory policy towards Chinese investment in Australia. Furthermore, Li said, the two governments need to forge a friendly policy environment for business from both nations to conduct mutually beneficial cooperation. On international cooperation, Li said China seeks to continue communication and coordination with Australia within multilateral cooperation mechanisms such as the United Nations, G20, APEC, East Asia Summit and the Pacific Islands Forum. Speaking at the meeting, Rudd congratulated China on the 60th anniversary of the founding of the People's Republic of China and for what the Chinese people has achieved in the past 60 years. Rudd said he is optimistic about the future of the Australian-Chinese relationship and willing to view those relations in the long run. China is very important to Australia's future and Australia is also very important to China's future, the prime minister said, adding that the two sides should bring their relations to a new high based on the solid foundation achieved in the past. Rudd said he and Li have agreed to develop more contacts at a government level in the future. Rudd said Australia, which understands China's long-term demand of resources and energy, is willing to be a strategic partner with China in this regard. He also reiterated that Australia adopted an open and nondiscriminatory policy towards investments from China.
JINGGANGSHAN, Jiangxi, Nov. 4 (Xinhua) -- A senior Chinese official has called on the country's police and other law enforcement organs to improve their capabilities to better serve the people and rely on the people to safeguard social harmony and stability. Zhou Yongkang, member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remark at a meeting attended by police chiefs during his visit to Jinggangshan, where late Chairman Mao Zedong and other revolutionists established the CPC's first rural revolutionary base in 1927, in east China's Jiangxi Province. Law enforcement departments and police should handle public's complaints with earnest attitude, improve their credibility in law enforcement and rely on the masses of people to safeguard social harmony and stability, said Zhou, who also heads the CPC Central Political and Legislative Affairs Committee. He also called on the police officials to be innovative in their work and to strengthen the building of grassroots police organs. Zhou visited the Jinggangshan martyrs' memorial park to pay respect to more than 48,000 revolutionary martyrs buried there, late Chairman Mao's former residence and other revolutionary sites on Tuesday. Meng Jianzhu, Minister of Public Security who also attended the meeting, asked police departments at all levels to explore new methods for safeguarding national security and social stability.
来源:资阳报