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BEIJING, Nov. 16 (Xinhua) -- Foreign direct investment (FDI) into China rose for the 15th consecutive month in October, indicating China remains a favored investment destination for foreign businesses.Inbound FDI increased 7.86 percent year on year in October to 7.663 billion U.S. dollars, the Ministry of Commerce (MOC) said Tuesday.The October figure means inbound FDI for the first 10 months of the year totaled 82.003 billion U.S. dollars, a year-on-year increase of 15.71 percent.MOC spokesman Yao Jian said at a press conference China remains a hot spot for foreign investors.Foreign businesses have begun to shift their investments from export-orientated sectors to domestic market-orientated businesses because of China's improved legal system and its expanding market, he said.In the first 10 months of the year, the manufacturing sector received 47.59 percent of FDI inflows while the services industry got 45 percent.A total of 21,181 foreign-invested enterprises were approved for establishment during the 10-month period, up 16.62 percent from a year earlier.In September inbound FDI grew 6.14 percent year on year.The acceleration in the rate of inbound FDI growth was due to the U.S.'s second round of quantitative easing, some analysts explained.Yao denied the link but said the Chinese government is keeping an eye on liquidity.

BEIJING, Dec. 2 (Xinhua) -- Chinese Vice Premier Li Keqiang Thursday called for more efforts to tap ocean resources and protect the ocean's environment.In the past five years, China has made remarkable progress in oceanic work, especially in developing an ocean economy, protecting seawater environment and safeguarding orders on the seawater, he said while meeting with outstanding organizations and individuals selected from the national ocean systems.However, the public's demand on seawater products and services has been increasing and the tasks are arduous to protect the ocean's ecology and ensure sustainable development, he said.Chinese Vice Premier Li Keqiang (R, front) meets with the outstanding units and workers from the national ocean systems, in Beijing, capital of China, Dec. 2, 2010.He urged more efforts be made to implement the scientific outlook on development and accelerate the transformation of economic development patterns in planning the development of the oceans, protecting seawater ecology and improving anti-disaster capacities.

WUHAN, Jan. 18 (Xinhua) -- The fire in a residential area in Wuhan, capital of central China's Hubei Province, was put out Tuesday morning and no casualties were reported, local authorities said.The fire started at around 11 p.m. Monday from the first floor of a four-storey building in Qiaokou District, according to the city's fire control department.The building's first floor was a food market and more than 20 people lived upstairs. Most of them managed to escape after the fire started.More than 200 fire fighters had been dispatched to contain the blaze. Fire fighters rescued six from the building, including an old man and a child.The cause of the fire is still under investigation.

BEIJING, Nov. 8 (Xinhua) -- China and Britain Monday vowed to boost their economic and trade ties on the eve of British Prime Minister David Cameron's two-day trip to Beijing.The pledge was made at talks between Chinese Vice Premier Li Keqiang and UK Chancellor of the Exchequer George Osborne, who will attend the third China-UK Economic and Financial Dialogue in Beijing on Tuesday.China and Britain share common or similar ground on issues like trade and investment liberalization and reform of the global economic governance system, Li said, expressing hope the two countries will deepen their cooperation.Chinese Vice Premier Li Keqiang (R) meets with British Chancellor of the Exchequer George Osborne who will attend the third China-UK Economic and Financial Dialogue, in Beijing, capital of China, Nov. 8, 2010.China hopes to work with Britain to oppose protectionism and advance the reform of the global financial regime, in a bid to facilitate the global economic recovery, Li added.Li said bilateral ties since the new British government, a Conservative-Liberal Democrat coalition, came to power have been good.He called for increasing political trust and deepening cooperation and coordination on international and regional issues.Osborne said the new British government attaches great importance to relations with China and added that Britain hopes to boost bilateral cooperation.Osborne will co-chair the annual China-UK Economic and Financial Dialogue with Chinese Vice Premier Wang Qishan on the day Cameron kicks off his first tour of China as British prime minister.Cameron, accompanied by the largest-ever delegation to China with four cabinet ministers and 50 top business leaders, is scheduled to meet with Chinese President Hu Jintao and Premier Wen Jiabao.With trade and the economy at the top his agenda during his China visit, Cameron will attend a China-Britain commercial summit in Beijing before heading to Seoul for the G20 Summit on November 11 and 12.Chinese Ambassador Liu Xiaoming earlier said Cameron's visit will further enhance Britain-China political trust and promote bilateral cooperation in various fields and "is of great importance to the long-term development of the bilateral relationship."

BEIJING, Nov. 27 (Xinhua) -- "I can't afford an apartment, a car or a wife, but it never occurred to me until now that I can't even afford vegetables or fruit," said Gao Lei, a 30-year-old renter in Beijing."I went to a grocery store yesterday only to find that even apples, the cheapest fruit, are sold for 4 yuan half a kilogram, doubling the price from two months ago," said Gao.China's consumer price index (CPI), the main gauge of inflation, rose to a 25-month high of 4.4 percent in October. The hike was mainly due to a 10.1-percent surge in food prices. Food prices have a one-third weighting in China's CPI calculation.An employee puts bags of sugar on to shelves at a supermarket in Beijing. The price of the commodity has doubled in China since the beginning of the year. Though Gao is slightly exaggerating his hardship during the current inflation, price rises, particularly of life necessities such as grains and vegetables, do force Chinese low-income groups into a rough time.Jiang Peng's family is hard-hit, as he and his wife both are laid-off workers and have two daughters in college. Jiang, however, has a new job, working as a janitor in Jinan-based Shandong Economic University.Jiang's family makes some 24,000 yuan (3,600 U.S. dollars) a year, half of which goes to paying tuition for their two college girls, with the majority of the rest covering their daughters' living expenses."We spend each penny carefully, because we try to save as much as possible for the kids. Now as price goes up, we find it increasingly difficult to make ends meet," said Jiang.The only vegetable Jiang and his wife have these days is cabbage, since it is the cheapest of all vegetables.Jiang said prices have dropped slightly due to government price control efforts, but it is not making a big difference yet, and prices of some daily necessities remain high, not showing signs of a decrease."We have fried dough sticks for breakfast, and even its price rose from 3.5 yuan per half a kilogram to 4 yuan, never falling again," said Jiang.For the poorest families, the government already made decisions to dole out temporary subsidies to help them cope with rising living costs.Jin Hong, mother of a fifth-grader in the city of Nanjing, east China's Jiangsu Province, now has to pay 15 percent more for her son's lunch at school. Jin's household monthly income stands at less than 1,000 yuan."I hope there will be no more increases, otherwise I will not be able to afford the school meals for my son," said Jin.p Jin's family is entitled to a 100 yuan subsidy given by the local government, which is due on Dec. 10. "Now, we are counting on the subsidy," she said.Students from poor families are also feeling the pinch, and they are paid great attention in the Chinese government's ongoing price control efforts. The National Development and Reform Commission (NDRC) issued a statement on Nov. 23 detailing various measures to institute price controls, including keeping prices stable in student cafeterias.Also, an earlier statement issued by the State Council, China's Cabinet, ordered local governments to offer subsidies to student canteens and increase allowances for poor students.He Ming, a student from a low-income family at Nanjing-based Southeast University, now sneaks out of classes earlier to make it to the cafeteria before all low-priced dishes are sold out.Low priced dishes are the vegetables, since meat is usually more expensive in China, and they are priced at one yuan per dish."In order not to only swallow rice for the meal, I have to quit part of the class. Though the cafeteria still serves low-price dishes, despite price hikes of vegetables lately, they serve less."He has a monthly living allowance of 300 yuan, which is given by his parents.