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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.

MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao met with Ho Hau Wah, former chief executive of the Macao Special Administrative Region (SAR), who is now the vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), here on Saturday.Ho became the first chief executive of the Macao SAR in 1999 when China resumed the exercise of sovereignty over Macao, and won the election for a second term in 2004.During the meeting, Wen highly praised Ho's work as the chief executive, who facilitated the successful implementation of the principle of "one country, two system" in the SAR and made his contribution to maintaining Macao's prosperity and stability.Chinese Premier Wen Jiabao (R) meets with Edmund Ho Hau Wah, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, in Macao, south China, Nov. 13, 2010.Wen expected Ho to keep himself concerned on Macao's development and fully support the work of the chief executive and the Macao government.Chui Sai On succeeded Ho as the third-term chief executive on December 20, 2009.Kicking off his two-day visit in Macao Saturday morning, Wen has attended the opening ceremony of the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries, and delivered a keynote speech.

MACAO, Nov. 13 (Xinhua) -- Chinese Premier Wen Jiabao Saturday respectively met here with leaders of Portugal, Timor-Leste, Mozambique and Guinea Bissau, who came to Macao to attend the third Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries.Wen held respective meetings with Portuguese Prime Minister Jose Socrates, Timor-Leste president Jose Ramos Horta, Mozambique Prime Minister Aires Bonifacio Baptista Ali, and Guinea-Bissau Prime Minister Carlos Gomes Junior.During his meeting with Jose Socrates, Wen said that Chinese President Hu Jintao paid a successful recent visit to Portugal, bringing the development of the two countries' relations to a new level.He pointed out that China encourages capable enterprises to invest in Portugal and is willing to expand its import from the European nation, in a bid to realize the goal of doubling bilateral trade volume by 2015. He also said that the two countries should explore cooperation in fields such as energy, tourism, logistics and traffic, promoting the deepening and sustainable development of bilateral ties of economy and trade.For his part, the Portuguese Prime Minister said in the meeting that Portugal appreciates China's support, welcomes Chinese enterprises to expand their investment in his country and is willing to deepen bilateral cooperation in various fields, so that the two sides can push forward their relations and achieve more fruitful results.When meeting with Jose Ramos Horta, Wen said that the people of China and Timor-Leste have forged a deep and profound friendship, and the two nations have established a solid political foundation.

ISLAMABAD, Dec. 18 (Xinhua) -- China and Pakistan signed a number of trade deals worth about 10 billion U.S. dollars, visiting Chinese Premier Wen Jiabao said here Saturday.Addressing the China-Pakistan Business Cooperation Summit in Islamabad, Wen said the deals reflected the huge potential for expanding bilateral economic and trade cooperation.The two sides inked some 20 trade deals during Wen's visit covering projects in the sectors of new energy, agriculture, cotton yarn and non-ferrous metal imports.Chinese Premier Wen Jiabao speaks during the Pakistan-China Business Cooperation Summit in Islamabad, Pakistan, Dec. 18, 2010. A major deal is aimed at developing wind and solar power. Another one is on remote sensing satellite between the Pakistan Space and Upper Atmosphere Research Commission and the China Great Wall Industry Corporation."Currently, the existing difficulties in our trade cooperation are temporary problems, which we could completely overcome with joint efforts," Wen said.The Chinese premier, who arrived here Friday, urged a boost in the scale of bilateral trade and investment. The China-Pakistan trade volume only accounted for one-tenth of Pakistan's overall foreign trade, he said, voicing his hope that the two-way trade could top 10 billion dollars as soon as possible.With regard to trade imbalance, Wen said China understood the concern of Pakistan on the imbalance, and has taken measures to address the issue."China is ready to work closely with Pakistan to push forward the building of a bilateral free trade area in an all-round way, and gradually grant zero-tariff status to more Pakistani products," he said.He vowed to send a trade and investment promotion delegation to Pakistan for purchase purposes at an appropriate time, hold commodity fairs for South Asian countries, and offer favorable terms for Pakistani products.Calling trade cooperation a link for the China-Pakistan cooperation, Wen said the bilateral trade has witnessed remarkable growth and benefited both peoples.Bilateral trade volume increased to 6.8 billion dollars in 2009 from 1 billion dollars in 2000.Though affected by the global financial crisis and natural disasters, the two-way trade in the first 10 months of 2010 reached the total volume of 2009, an increase of 27 percent over the same period of last year, Wen said.

BEIJING, Jan. 14 (Xinhua) -- China will never seek hegemony, regardless of its growing power, Vice Foreign Minister Cui Tiankai reiterated the official stance Friday.Cui made the remarks at the second Lanting (Blue Hall) Forum in response to a question on whether China will gradually ignore its former leader Deng Xiaoping' teaching of "maintaining a low profile."Cui said that although China's state power had greatly strengthened over the past 30 years after the reform and opening up, China would not change its foreign policy or its development goals, "as it's not in accordance with China's long term interests."Cui also said it was true that China has made notable progress over the past few years, but it was also true that China still lagged far behind the United States.The Lanting Forum, initiated by China's Ministry of Foreign Affairs, is a platform for communication and exchanges between officials, the business community, academia, media and the public.The forum aims to create a channel to facilitate discussions on foreign policies and issues of common interests.The theme of the second Lanting Forum is "China-U.S. Relations in the New Era."