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BEIJING, Nov. 13 (Xinhua) -- China's top political advisor Jia Qinglin on Friday attended a gathering marking the 60th anniversary of the founding of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC).Photo taken on Nov. 13, 2009 shows a conference to celebrate the 60th anniversary of the founding of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC) is held in BeijingThe municipal committee was the first local CPPCC committee in the country. It has made great contributions to the capital's economic development and modernization drive in the past 60 years.

BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies.     In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financial system, and ask banks to lend more evenly, while strictly implementing credit policies in the property sector.     The nation will also take steps to rein in fast-rising property prices and strengthen credit controls for the sector, according to Housing and Urban-Rural Development Minister Jiang Weixin. A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November    "We should scrap or adjust local property policies launched last year that no longer comply with the current macroeconomic goals," Jiang said.     According to Dong Chen, director of the research institute of Southwest Securities, the government moves on real estate policies indicate that while policymakers are striving to cement the economic rebound, they are also serious in curbing the excessive liquidity in the financial system to allay fears of asset bubbles and inflation.     Property prices in China's 70 major cities rose at the fastest pace in 16 months in November, fueling concern that record lending and inflows of capital from abroad are building up asset bubbles.     "Credit policy is the key to curb the rising property prices, as it would have a direct impact on transaction volumes," said Su Xuejing, an analyst with Changjiang Securities.     "We anticipate more policy tightening in the future like increasing the down payment and mortgage rates for second-home buyers," he said.     Shanghai Securities News said on Tuesday that the government plans to expand trials of a real estate tax, citing an unidentified person close to the State Administration of Taxation.     The anticipated policy changes have also affected the capital market performance of leading realtors. Shares of China Vanke Co, the country's largest listed property developer, have fallen more than 12 percent in the past month on concerns that the measures to cool the property market would impact earnings. Poly Real Estate Group Co, the second largest real estate firm, also saw its shares fall to a four-month low.     Meanwhile, a report from UK real estate service provider Savills said that the tighter credit policies and soaring realty prices have spurred property sales by international investors. Many of the investors had acquired the properties several years back and have been able to get handsome returns now, it said.     "Sales by foreign investors increased from 7 percent in 2008 to 20 percent in 2009," said the report.

BEIJING, Jan. 9 (Xinhua) -- Heavy snow in northwest China's Xinjiang Uygur Autonomous Region had left one person dead and forced the evacuation of 5,435 as of 8:00 p.m. Friday, according to the Ministry of Civil Affairs Saturday.     The heavy snow also flattened 799 houses and caused damages to 4,897 others in the region, the ministry said. A total of 261,800 people in 12 counties or cities were affected by the blizzard hitting Xinjiang's Tacheng and Altay regions this week, which resulted in blackout and transport disruption in some areasA total of 261,800 people in 12 counties or cities were affected by the blizzard hitting Xinjiang's Tacheng and Altay regions this week, which resulted in blackout and transport disruption in some areas, according to the disaster relief department of the Ministry.     The Ministry has allocated 5,000 tents, 10,000 cotton-padded coats and 10,000 cotton-padded quilts to, and the regional government appropriated 15 million yuan (2.2 million U.S. dollars) for disaster relief in the affected areas, the ministry said. Representatives of communities stand beside vehicles that provide people with services in Urumqi, capital of northwest China's Xinjiang Autonomous Region, Jan. 9, 2010. Some companies and activists in Urumqi donated money to buy 555 vehicles. These vehicles were put into use Saturday in several communities to provide citizens with services.The regional civil affairs authority has dispatched working group to the snow-hit areas to direct relief work.     Xinjiang was gripped by a cold snap from Jan. 1 to 8, which brought heavy snow and drastic temperature plunge especially in Tacheng and Altay regions.

RIYADH, Jan. 10 (Xinhua) -- China and Saudi Arabia convened Sunday the fourth meeting of their joint committee on economy and trade in the Saudi capital, co-chaired by Chinese Minister of Commerce Chen Deming and Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf.     Chen hailed the rapid growth of bilateral economic and trade ties since the third meeting of the joint committee in 2006, noting that bilateral trade have realized two years in advance the goal of 40 billion U.S. dollars by 2010, and Saudi Arabia has been China's biggest trade partner in West Asia for eight consecutive years. Chinese Minister of Commerce Chen Deming (L) meets with Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf in Riyadh, capital of Saudi Arabia, Jan. 10, 2010. China and Saudi Arabia convened Sunday the fourth meeting of their joint committee on economy and trade in the Saudi capital, co-chaired by Chinese Minister of Commerce Chen Deming and Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf. He made a five-point proposal, in which he said both countries should strive to expand bilateral trade to reach 60 billion dollars by 2015.     He also proposed to maintain the long-term and steady crude oil trade between the two sides, in addition to enhancing cooperation on exploiting gas, oil projects and petrochemical industry, and establish a cooperation mechanism on trade remedy.     The Chinese minister stressed that both sides should promote the negotiation process on the free trade agreement between China and the Gulf Cooperation Council (GCC). Chinese Minister of Commerce Chen Deming (C, front) and Saudi Minister of Finance Ibrahim bin Abdel Aziz al-Asaf (R, front) sign the meeting summary in Riyadh, capital of Saudi Arabia, Jan. 10, 2010Al-Asaf, for his part, said that Saudi Arabia hopes to see and will provide convenience for more Chinese enterprises to participate in Saudi economic construction as the country is speeding up its petrochemical industry, urban development, and traffic and environmental protection projects.     He said Saudi Arabia welcomed the progress in China-GCC FTA negotiation and will work together with the Chinese side to push forward the process for an early completion.     The two ministers met the press after the meeting, during which Chen said both sides have agreed to expand the trade volume to 60 billion U.S. dollars by 2015.     Chen also met with the Saudi Minister of Commerce and Industry Abdullah bin Ahmad bin Yussef Zainal on Sunday.