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BEIJING, Oct. 15 (Xinhua) -- Property prices in 70 major Chinese cities rose 9.1 percent year on year in September, the lowest growth rate so far this year, the National Bureau of Statistics (NBS) said Friday.The rate was down 0.2 percentage points from the 9.3-percent increase in August, but prices were up 0.5 percent month on month, a statement on the NBS website said.New home prices climbed 11.3 percent year on year in September, up 0.5 percent from August.Prices for second-hand homes were up 6.2 percent from a year earlier, a rise of 0.5 percent from August.Real estate investment continued to expand in the first three quarters, with the total standing at 3.4 trillion yuan (511.4 billion U.S. dollars), up 36.4 percent from the same period in 2009, the statement said.The property price growth rate peaked this year at 12.8 percent in April.

SHANGHAI, Oct. 1 (Xinhua) -- Wu Bangguo, chairman of the National People's Congress Standing Committee, on Friday delivered a speech at the ceremony for the China National Pavilion Day at the Shanghai World Expo.The following is the translated version of the full text of his speech:Address by Chairman Wu BangguoOf the Standing Committee of the National People's CongressAt the Ceremony for the National Day of ChinaOf Expo 2010 Shanghai ChinaShanghai, 1 October 2010Your Excellencies Heads of State and Speakers of Parliament,Distinguished Guests,Ladies and Gentlemen,Friends,On this joyous day of grand celebration for the 61st anniversary of the People's Republic of China, we gather here to mark the China National Pavilion Day of Expo 2010 Shanghai. It adds to happiness of the anniversary of the People's Republic, and it brings the Expo 2010 Shanghai event to a new height. At the outset, I wish to extend, on behalf of the Chinese government and people, warm welcome and sincere thanks to all distinguished guests attending the China National Pavilion Day events.Expo 2010 Shanghai is the first such global event hosted by a developing country in the history of the world expo. In the past five months, participants from 246 countries and international organizations have gathered by the Huangpu River to attend the Expo. The Expo site has hosted over 100 foreign leaders and nearly 60 million Chinese and foreign visitors. Together with the over two million dedicated volunteers from home and abroad, they have made "Better City, Better Life" a living reality. In the less than six square kilometer Expo Park, pavilions of diverse styles bearing distinct features of different countries stand alongside each other, hosting creative exhibitions and various cultural performances, not to mention the unique Urban Best Practices Area and the inspiring forum dialogues. Together, they form a vivid picture of the diverse world and the harmonious co-existence of different cultures and civilizations. We have every reason to believe that, with concerted efforts of all sides, Expo 2010 Shanghai will surely be a successful, splendid and unforgettable event. Let me take this opportunity to express sincere gratitude to the governments and peoples of other countries, to the International Exhibitions Bureau and relevant international organizations, to all participants for their great support for the Expo and to all friends who have contributed their share to the Expo.Ladies and Gentlemen,Friends,Standing proudly in the Expo Park, the splendid and magnificent China Pavilion, the "Oriental Crown", is a showcase of "Chinese Wisdom in Urban Development". It is living proof of the effort by the Chinese people in pursuit of a better life. It gives expression to the long-lasting belief in harmony as rooted in the Chinese culture and to the vision of a brighter future of China through scientific development.The Chinese nation has a long history and a splendid culture. For over 5,000 years, generation after generation of the Chinese people of different ethnic groups have lived on this vast land. They have formed a fine character of diligence, courage and self-reliance. They are open-minded and inclusive. They dare to innovate and explore new ways of development. The contribution they have made to the progress of human civilization is significant and indelible.Over the past 60 years or more since the founding of the People's Republic of China, the Communist Party of China has led the Chinese people of all ethnic groups in an earth-shaking and pioneering endeavor and succeeded in bringing about three historic shifts: the shift from a semi-colonial and semi-feudal society to a new society of national independence, where people are the masters of their own country; the shift from a new democratic revolution to a socialist revolution and development; and the shift from a highly centralized planned economy to a robust socialist market economy and from a closed or semi-closed state to one of all-round opening up. These are indeed epoch-making changes of the Chinese nation. In the past 30 years since the beginning of reform and opening-up, China's economy has maintained rapid growth rarely seen in the world. Our social programs have made progress. Our comprehensive national strength has increased significantly. Our people, on the whole, are leading a life of moderate prosperity, with the outlook of rural and urban areas steadily improving. We enjoy unity and amity among all our ethnic groups, harmony and stability in our society and continued rise in our international standing. China, once an ancient land, is taking on new vigor and vitality.Looking ahead, we will build a moderately prosperous society at a higher level by 2020 to benefit our over one billion people, and will realize modernization by the middle of this century. This is the grand vision and abiding goal of the Chinese people from generation to generation.The Chinese people, once plagued by poverty and hunger, long all the more for a life of prosperity and peace. This had made development a common pursuit of the Chinese people.China has given top priority to development ever since it started reform and opening-up. This has resulted in higher and higher living standards of the people and rendered the belief that development is of overwhelming importance popular and unchangeable.The Chinese nation is a peace-loving nation. Having suffered from numerous atrocities and wars in modern history, we know all too well the value of peace. And we are keener in the understanding that to uphold world peace is our international obligation and serves our development need at home.China is the largest developing country in the world, and China's development is based on a large population, a weak economic foundation and a late start in development. China remains and will continue to be in the primary stage of socialism for a fairly long period of time. We are consciously aware that there will be problems and challenges on the way ahead. Yet, we are fully confident about our future, because we have embarked on a road of socialism with Chinese characteristics, and have formulated a system of theories on socialism with Chinese characteristics. As long as we follow this road unswervingly, thoroughly implement the Scientific Outlook on Development, continue to free our minds, remain committed to reform and opening-up and promote scientific development and social harmony, we will certainly make China a socialist modern country that is prosperous, democratic, harmonious and culturally advanced.Ladies and Gentlemen,Friends,Though Expo 2010 Shanghai will be concluded in one month's time, the spirit of progress, innovation, harmony and common prosperity advocated by the Expo will long endure. Ours is a time when people around the world are calling for peace, development and cooperation. Let us join hands to enhance exchanges and mutual learning, deepen contacts and coordination, rise up to challenges, and work together to build a harmonious world of enduring peace and common prosperity!Thank you.

BEIJING, Oct. 13 (Xinhua) -- Chinese Vice Premier Wang Qishan Wednesday held phone talks with U.S. Commerce Secretary Gary Faye Locke and Trade Representative Ron Kirk to discuss expansion of China-U.S trade cooperation.Wang and Locke, who is also co-chair of the China-U.S Joint Commission on Commerce and Trade (JCCT), agreed to enhance the exchange of opinions between two countries and expansion of bilateral cooperation, to ensure the upcoming 21st JCCT would be able to make positive achievements, and contribute to promoting sound and stable development of the China-U.S relationship.The JCCT was established in 1983 as a platform for the two countries to promote trade relations and address issues of mutual concern. The 20th JCCT was held in east China's Hangzhou City on Oct. 28-29, 2009.

BEIJING, Oct. 17 (Xinhua) - Deeper reforms, especially systematical ones, will be carried out and extended to more key areas in China during the next five years to provide further momentum for the country's future development after it comes out of the economic crisis, economists and observers have said.The ongoing Fifth Plenary Session of the 17th Communist Party of China (CPC) Central Committee is discussing the 12th Five-Year Plan (2011-2015), or the nation's development plan for the next five years, and "reform" is set to be one key topic at the meeting.At a meeting of the CPC Central Committee's Political Bureau two weeks ago, it was agreed that the coming years will be a crucial stage to deepen the reform and opening-up process while accelerating the transformation of the nation's economic development pattern.The reform and opening up in China, which started more than 30 years ago, had helped the country to achieve rapid economic development in the past decade, and it is widely expected to enter a new stage and touch upon issues that are hard to penetrate, especially systematical ones, in the next five years.Peng Sen, deputy director with the National Development and Reform Commission, the nation's top economic planner, said the systematic and mechanism restraints are the main crux that had frustrated the progress of China's economic development pattern transformation."Without major breakthrough in the system it would be difficult to achieve a fundamental change in the way of economic development," he told Xinhua.Chi Fulin, head of the Hainan-based China Institute for Reform and Development, told Xinhua that the 12th Five-Year Plan is likely to focus on systematic reforms in economic, political and social fields.While further improving the market economy system, China should speed up forming a public service system and a public service-oriented government, which would lay the foundation for boosting domestic demand and sustainable development, Chi said.Wang Tao, an economist with UBS Securities, praised the Chinese government for efficient moves in the face of the global crisis, since a powerful government is able to position all of its economic resources.

BEIJING, Oct. 15 (Xinhua) -- Property prices in 70 major Chinese cities rose 9.1 percent year on year in September, the slowest growth rate this year, the National Bureau of Statistics (NBS) said Friday.The rate was down 0.2 percentage points from the 9.3-percent growth rate in August, a statement on the NBS website said.On a month-on-month basis, prices rose 0.5 percent in September.New home prices climbed 11.3 percent year on year in September, also up 0.5 percent from August.Prices for second-hand homes rose 6.2 percent from a year earlier and 0.5 percent on a month-on-month basis.Real estate investment continued to expand in the first three quarters, with the total standing at 3.4 trillion yuan (511.4 billion U.S. dollars), up 36.4 percent from the same period in 2009, the statement said.The property price growth rate peaked this year at 12.8 percent in April.To curb excessive rises in housing prices, the central government introduced a raft of policies in April, including higher down payments and an end to mortgage discounts.It also encouraged local governments to build more affordable housing to increase the supply of housing for low-income people.On Sept. 29, the government announced further measures to check the continuous rise in property prices, including by banning loans for third home purchases and instituting a 50 percent down payment requirement for second-home purchases and a 30 percent down payment for all first-home purchases.Xue Jianxiong, an analyst with the China Real Estate Information Corporation (CRIC), said the overheated property market will likely cool in the next few months.These government's moves will cause transaction volumes to tumble and ease price-increase expectations, Xue added.