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LOS ANGELES, Aug. 26 (Xinhua) -- The 2010 U.S.-China Real Estate Summit kicked off Thursday in San Gabriel, Los Angeles with the aim of building relations between top real estate players in the two countries.During the two-day summit, officials from all levels of both countries and experts in real estate-related areas will discuss U. S. economy stimulus, "green" low-carbon housing construction and ways to conduct real estate deals on both sides.Led by China's Real Estate Chamber of Commerce, more than 150 industry leaders from China are attending the summit, entitled " Real Estate Without Borders".Representatives from the U.S. side include Ed Roski, CEO/ Chairman of Majestic Realty, Henry Cisneros, former Secretary of Housing and Urban Development and current Execitive Chariman of CityView, and John Picard, founder of Picard Consulting.Speaking at the opening session, U.S. Congresswoman Judy Chu said great potentials remain to be tapped to promote cooperation between the United States and China in all fields, including the real estate.She said the two countries need to join hands in addressing the real estate problems facing them.These problems cannot be resolved by one side alone, she stressed.Albert Huang, Mayor of San Gabriel, said the summit offered a good opportunity for promoting bilateral cooperation in the real estate."For the first time, this summit brings industry leaders from the two largest economies in the world to discusss collaborations in real estate development and investment," said Huang, who hosted the summit. "It will undoubtedly assist economic development and job growth in our communities during this challenging economic environment."On the sidelines of the summit, guests from China will join dozens of scholars and experts of real estate business and architecture at a roundtable discussion at University of Southern California on Friday.
BEIJING, June 11 (Xinhua) -- Economic data for May released Friday showed that China was eyeing rising inflation and slowing economic growth, indicative of what the "the most complicated year" meant for the country's economy.Experts said the mixed bag of economic data would make it difficult for China's policymakers in the coming months.China's consumer price index (CPI), a main gauge of inflation, rose in May to 3.1 percent, the highest since November 2008, according to figures released by the National Bureau of Statistics (NBS) Friday.The NBS also reported that growth of industrial value-added output slowed to 16.5 percent in May from 17.8 percent in April.Urban fixed assets investment for the first five months rose 25.9 percent year on year, 0.2 percentage points down from the first four months.INFLATION QUICKENSThe 3.1 percent CPI growth was up 0.3 percentage points from April's rise of 2.8 percent. In the first five months, China's CPI rose 2.5 percent year on year.The May figure exceeded the government's year-average target of 3 percent set in March.The producer price index (PPI), a major measure of inflation at the wholesale level, rose 7.1 percent year on year in May, up 0.3 percentage points from April's 6.8 percent.In May, the CPI in China's urban areas increased 2.9 percent and in rural regions by 3.3 percent. Food prices, which accounted for about a third of the weighting in calculating the CPI, rose 6.1 percent.
GENEVA, July 19 (Xinhua) -- Top legislators of China and France met here on Monday and reiterated their willingness to further expand cooperation in various areas and strengthen coordination in international affairs.Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC) of China, said his latest official goodwill visit to France was successful thanks to joint efforts by both China and France. It is in the interest of both countries and peoples to strengthen the bilateral ties and deepen cooperation in international and regional affairs, Wu said at the meeting with Accoyer.Bernard Accoyer, speaker of the French National Assembly, said Wu's visit to France is remarkable in Sino-French ties and is fruitful, which will play a constructive role in deepening substantial cooperation and boosting the friendship between the two peoples. France looks forward to take chance of Wu's visit to conduct closer coordination in international affairs and accelerate the development of Sino-French ties, he said.Wu paid an visit to France from July 7 to July 14 as a part of his three-nation Europe tour. He is here to attend the third World Conference of Speakers of Parliament.On the sideline of the conference, Wu also met with Klaus Schwab, executive chairman of the World Economic Forum, on Monday and discussed the upcoming Summer Davos Forum in China.
BEIJING, June 28 (Xinhua) -- Chinese Vice Premier Li Keqiang met with Swiss Foreign Minister Micheline Calmy-Rey on Monday, calling for enhanced exchanges and contacts between the two countries.This year marks the 60th anniversary of China-Switzerland diplomatic ties. Li said the two countries had witnessed smooth progress of bilateral ties over the past 60 years and carried out substantial cooperation in the areas including economy, trade and technology.He suggested to further develop bilateral friendly cooperative ties on the basis of mutual respect, equality, mutual benefit and seeking common ground while putting aside difference.Because the world is undergoing profound and complex changes with global challenges on the rise, the two countries share the responsibility and aspiration to maintain world peace and development, said the vice premier.Chinese Vice Premier Li Keqiang (R) shakes hands with Swiss Foreign Minister Micheline Calmy-Rey during their meeting in Beijing, capital of China, on June 28, 2010."China appreciates Switzerland's positive role at the global stage, and hopes to enhance contacts with the country to jointly contribute to world peace, development and cooperation," Li said.Calmy-Rey said her country highly valued its relations with China and hoped to further strengthen bilateral exchanges in various areas and at all levels.Calmy-Rey is on a three-day working visit to China with a focus on the celebration of the 60th anniversary of diplomatic ties with China and the official political dialogue that Switzerland and China have agreed as a means to deepen their bilateral relations.
BEIJING, Aug. 26 (Xinhua) -- Chinese senior legislator Chen Zhili on Thursday called for preferential policies in taxation for enterprises using cleaner production methods to promote their competitiveness.Chen, vice chairwoman of the National People's Congress (NPC) Standing Committee, made the remarks during her report on an inspection on the enforcement of the Cleaner Production Promotion Law.Favorable policies and funding provided in the law had been poorly implemented, and that had impaired the enterprises' initiative in achieving cleaner production, Chen said.Chen said statistics gathered during the inspection did not provide reasons to be optimistic. During the period from 2003 to 2009, only 0.15 percent of the enterprises nationwide had integrated the cleaner production review into their operations.Chen also noted the serious situation of excessive packaging used in protecting products.Statistics revealed that China had been consuming 40 million tonnes of wrapping materials annually, and the bulk of this was used for extravagant packaging, Chen said.Future policies should make detailed provisions on requirements of enterprises eligible for such tax preferences, and those enterprises, which had made outstanding efforts in cleaner production, should be rewarded, Chen said.Chen also urged streamlining the task assignments among different governmental departments in law enforcement and promote the government's supervisory responsibilities.