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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."

BEIJING, Nov. 23 (Xinhua) -- China said on Tuesday it would punish six companies, including affiliates of the country's two oil giants, for selling diesel above the state-set prices, in an effort to ease the diesel shortage and keep soaring prices in check.The companies, including Sinopec's units in Wuhan and Luoyang, and PetroChina's Wuhan unit, were selling diesel at prices as high as 8 percent above the government set price, according to a statement posted on the website of National Development and Reform Commission (NDRC), the country's top economic planner.These companies also included local refineries and oil dealers in Shaanxi, Shandong and Jiangsu provinces and according to the NDRC, the acts have exacerbated the diesel shortage and disrupted market order.The commission urged local authorities to seize the illicit revenue from above-ceiling sales and fine the companies up to five-times of their income.To relieve domestic diesel shortages, both Sinopec and PetroChina are increasing diesel imports, while Sinopec said last week it had even suspended diesel exports.According to customs statistics, China's diesel imports in October rose to 400,000 tonnes, surging 60 percent compared with that in September.

Hu also met Prime Minister Jose Socrates and parliament speaker Jaime Gama. They reached important consensus on boosting the comprehensive strategic partnership between the two countries.China and Portugal established the comprehensive strategic partnership in 2005. Bilateral relations have developed steadily in recent years.The leaders recalled developments of bilateral ties since the establishment of diplomatic relations 31 years ago, and outlined the blueprint for future bilateral ties and pragmatic cooperation. They exchanged views on major international and regional issues of common concern.The two sides signed cooperation agreements in culture, technology, tourism, electricity, telecommunications and finance.The presidents of the two countries agreed to make joint efforts to further deepen the comprehensive strategic partnership.Hu said China and Portugal need to make concerted efforts to further boost their five-year-old comprehensive strategic partnership against the backdrop of complex and volatile international situation.Hu made a four-point proposal, calling on the two sides to strengthen mutual political trust and strategic cooperation.He expressed confidence that Portugal will continue to play an active and important role in the development of China-European Union relations.Hu also called upon the two sides to shore up economic cooperation and try to double bilateral trade by 2015.Hu said the two sides should step up people-to-people exchanges and communication and cooperation in international affairs.Silva agreed with Hu's views, saying that the establishment of the comprehensive strategic partnership between the two countries in 2005 was a milestone in Portugal-China relations.Silva expressed his wishes for both sides to further tap potential in bilateral trade and investment and expand cooperation.He also spoke highly of China's crucial role in boosting world peace and development and its contributions to fighting the global financial crisis and promoting the recovery of the world economy.Portugal expects China to play a more important role in such issues as the reform of the international monetary system and climate change, said Silva.Portugal, taking advantage of its recent election as a non-permanent member of the United Nations Security Council, is willing to strengthen cooperation and coordination with China in coping with global challenges, he said.The Portuguese president also pledged his country's efforts to boost relations between Europe and China.

BEIJING, Jan. 16 (Xinhua) -- China is pinning hopes on its affordable housing programs to cool its red-hot property market in the latest round of campaigns against rising asset bubbles, after the government moved to crack down on market speculation during the past year.Experts held that to increase supplies of affordable housing is the key solution to guide the market toward healthy development and help stabilize prices.During a talk show hosted by China National Radio on Dec. 26, Chinese Premier Wen Jiabao said the government will press forward housing price control and increase the supply of affordable houses for low-income earners.His words came after the government had announced a plan to build 10 million more low-income housing units this year.China is working on a more healthy system that provides housing that meets different demands, after an array of policies, including tighter credit for commercial housing, failed to produce satisfactory results in 2010.In 70 major Chinese cities, home prices rose 0.3 percent month on month and 7.7 percent year on year in November last year, which was the third consecutive month prices rose.China started the construction of some 5.9 million units of affordable homes in 2010, of which 3.7 million were completed, official figures showed.Qin Hong, a researcher with the Ministry of Housing and Urban-rural Development, said the number of affordable homes is still "far from enough", especially as more low-rent homes are needed for China's "sandwich class" families who either are disqualified for low-cost housing or cannot afford the sky-high prices of commercial housing."By attaching more importance to affordable homes and low-rent housing, it seems that the government is leading the market in the right direction," said Zhang Hanya, head of the Investment Association of China.