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BEIJING, Dec.19 (Xinhua) -- China's land regulators urged local land authorities late Sunday to take concrete measures against excessive growth in the country's land prices in some Chinese cities and crack down on illegal behavior, such as land hoarding, to ensure the implementation of the government's cooling measures on the property market.The Ministry of Land and Resources(MOLAR) said in a statement on its web site that the recently seen high prices in land sales in some Chinese cities had raised social concerns, which local land authorities should pay considerable attention to, and take actions to curb the rapid growth in land prices.According to the MOLAR, cities and counties that had not provided more than 70 percent of the total land supply this year to shantytown renovation, the construction of affordable homes and medium-priced commercial housing, should not provide land for high-end housing for the rest of this year.Further, for land sales with over 50 percent premium rate or record high prices, local governments should report to provincial land authorities and the MOLAR within two working days after the deal is closed.The procedures of supplying land should also be strictly conducted, and there should never be any change in the use of land that is for the construction of affordable housing, said the statement.
BEIJING, Dec.23 (Xinhua) -- China is tightening regulation on foreign investment in the real estate sector to crack down on speculation, according to a statement from the Ministry of Commerce(MOC) on Thursday.The ministry urges local authorities to increase checks and supervision on property investment that involved foreign investors and strengthen risk controls on the sector, said the statement posted on the MOC web site.According to the statement, foreign-funded developers are not allowed to make profits through buying and reselling real estate projects, which will be strictly monitored by the MOC along with the Ministry of Land and Resources and the State Administration of Foreign Exchange.The ministry also required local authorities to tighten scrutiny over foreign-funded investment companies and not to allow those companies to enter the real estate businesses, while closely examining the exact amount of foreign funds used in new real estate projects.Foreign direct investment(FDI) into China's property sector jumped 48 percent to 20.1 billion U.S. dollars in the first eleven months of this year, compared to a 17.73 percent growth in the total FDI in the same period, according to earlier MOC data.China introduced a group of measures to crack down on property market speculation and rein in skyrocketing home prices since the beginning of this year, including prohibiting the issuance of mortgage loans for third home purchases and raising down-payments.The government is also guarding against possible "hot money" inflows that might complicate China's policy to fight inflation.Property prices in 70 major Chinese cities rose 0.3 percent in November, month on month, and 7.7 percent year on year, according to the National Bureau of Statistics.
BEIJING, Jan. 10 (Xinhua) -- China and the United States agreed to avoid misunderstanding in developing military ties amid U.S. Defense Secretary Robert Gates' visit to Beijing to restore impaired high-level military exchanges.In their official talks on Monday, Chinese Defense Minister Liang Guanglie and Gates reached consensus on joint efforts to expand common interests, deepen dialogue and exchanges, and avoid misunderstanding and miscalculation to ensure military ties back on the sound track.They pledged to keep open the channel for exchange mechanism like defense and maritime security consultations between the two militaries."There are many areas where we have mutual interests and can work together, those disagreements are best dealt with through dialogue and discussions with one another," said Gates.Chinese Defense Minister Liang Guanglie (R) shakes hands with the visiting U.S. Secretary of Defense Robert Gates at a welcome ceremony in Beijing, capital of China, Jan. 10, 2011. His visit, which came ahead of Chinese President Hu Jintao's state visit to United States later this month, was one of the scheduled high-level contacts that were postponed after the Pentagon decided to sell a nearly 6.4-billion-U.S.-dollar arms package to Taiwan in January of 2010.While reaching agreements on developing resumed military exchanges, the Chinese defense chief warned that U.S. arms sale to Taiwan "jeopardizes China's core interests.""We do not want to see such things happen again. We do not want U.S. weapon sales to Taiwan to further damage the relationship between China and the United States and the two nations' armed forces," Liang told a press briefing.On a question on the development of China's military power, Liang rejected claims that China's military development is a threat, saying its weapons still lag far behind developed countries."China's military hardware development is to meet its sovereignty and security requirements and targets no other countries and poses no threat to others," said Liang.Chinese Vice President Xi Jinping, while meeting with Gates later on Monday, stressed "reliable political basis" for Sino-U.S. military ties, which have gone through ups and downs in the past years.Xi, also vice chairman of China's Central Military Commission, urged the two militaries to take measures to safeguard the "stable and reliable" political foundation, that is, mutual respect for sovereignty, security and development interests."China-U.S. military relationship, as an important part of bilateral ties, is a sensitive field with more complicated factors," said Xi, hoping military-to-military relations could move forward in a healthy and stable manner.Another Vice chairman of China's Central Military Commission Xu Caihou made a three-point proposal on developing China-U.S. military ties, in his meeting with Gates.Xu called on to respect and accommodate each other's core interest and major concern, to cultivate and increase strategic trust between the two armed forces, and to consolidate and expand common interests for both sides.Calling U.S.-China relations the "most important" bilateral ties in the world, Gates told Xu that his visit achieved "important progress" in building stable military ties between both countries.Gates said his country was expecting President Hu's state visit. Hu is due to meet with Gates on Tuesday."China-U.S. military exchanges plays an irreplaceable role in solving deeper differences between the two countries," said Zhu Feng, an researcher on China-U.S. relations with Peking University.He said the military contacts would greatly help to beef up strategic trust between China and the United States, and also influence public opinion.Gates will visit the command of the Second Artillery Force of the PLA on Wednesday. This is his second China trip since he took office in December 2006.
BEIJING, Dec. 11 (Xinhua) -- China's industrial value-added output year-on-year growth quickened to 13.3 percent in November from 13.1 percent in October, the National Bureau of Statistics (NBS) said Saturday.The growth rate for the first 11 months was 15.8 percent year on year, down 0.3 percentage points from the January-to-October period, the NBS said.Industrial value-added output measures the final results of industrial production, which is the value of gross industrial output minus intermediate inputs such as raw materials and labor.
YOKOHAMA, Japan, Nov. 13 (Xinhua) -- Chinese President Hu Jintao put forward a proposal for promoting economic growth in the region at the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) forum here on Saturday.At a separate session of business leaders, Hu urged the international community to fully appreciate the difficulties and challenges of emerging markets while acknowledging their contribution to world development.China is firmly committed to peaceful development, and strives for common development of all nations while pursuing its own, he said.The Chinese president also met Japanese Prime Minister Naoto Kan on the sidelines of the APEC meeting.Chinese President Hu Jintao attends the 18th Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) in Yokohama, Japan, Nov.13, 2010.PROPOSAL FOR PROMOTING GTOWTH IN ASIA-PACIFICHu put forward the proposal for promoting sound and fast economic growth in the Asia-Pacific region after the meeting opened in the afternoon.In the five-point proposal, Hu firstly called on the APEC economies to promote balanced growth to facilitate long-term economic development.They should should seek balanced growth both within a member economy and among all member economies, he said."We should increase input to help developing members achieve their full potential and narrow the North-South gap," Hu said.He called on APEC members to move toward a more rational division of labor, a more balanced financial and trade structure, more efficient allocation of resources and more equitable sharing of benefits.Secondly, Hu said the APEC members should advocate inclusive growth to boost the internal dynamism of economic development."The aim is to get people involved in development, protect their interests and enable them to benefit from development," he said.Thirdly, Hu called on the APEC members to bolster sustainable growth.He proposed that China hold the first APEC Forestry Ministerial Meeting to advance region-wide cooperation on forestry. He also called for closer cooperation on the APEC Low-Carbon Model Town Project.Fourthly, Hu said it was necessary to encourage innovative growth.The president asked the APEC members to facilitate the cultivation and movement of innovative and high-skilled people, who could provide strong human capital and scientific and technological support for economic development, and promote a shift toward innovation-driven growth."Developed members of APEC should scale up technology transfer and help developing members build capacity for innovative growth," Hu said.Fifthly, Hu said APEC members should work to ensure secure growth to protect the results of economic development, calling for furthering exchanges and cooperation in counter-terrorism, disaster prevention and reduction, food security, energy and resources security and public health.The annual Economic Leaders' Meeting is the top decision-making body of the APEC forum. The theme for this year's meeting is "Change and Action."