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BEIJING, Aug. 31 (Xinhua) -- China's banking regulator will strictly implement the central government's macroeconomic policies that aim to curb soaring housing prices, an official said Tuesday.Ye Yanfei, deputy head of the Statistics Department of the China Banking Regulatory Commission (CBRC), said the CBRC will restrain speculative property investment and support the building of affordable housing while controlling risk.China's housing market and lending to the property sector are crucial to the national economy and people's livelihood, as well as to the stable and steady development of the nation's banking sector, Ye said at a seminar in Beijing.Ye's remarks come after the banking regulator said it would further "instruct and monitor" commercial banks' efforts to strengthen the management of lending to home-buyers.Ye's comments echo those of Zhang Ping, director of the National Development and Reform Commission, who said last Thursday in a report to China's top legislature the government will "further implement the measures meant to curb excessive gains in housing prices and resolutely restrain speculative property investment in the second half the year."Ye also said the CBRC has pushed lenders to test the impact of falling house prices, although the regulator said earlier that hypothetical scenarios examined in stress tests do not herald any change in policyHousing prices in major Chinese cities rose 10.3 percent year on year in July, slower than the 11.4 percent growth rate in June, according to official figures.On a monthly basis, housing prices in June fell 0.1 percent from May and July prices were unchanged from June.

BEIJING, Oct. 27 (Xinhua) -- Chinese Vice Premier Li Keqiang Wednesday called for accelerated public hospital reforms and the establishment of an essential medicine system to provide better health care.Li, who heads the State Council's leading group on health care reforms, made the remarks at a meeting in Beijing.The essential medicine system planned by the reforms will allow citizens to buy affordable, effective and safe medicines, Li said. Grassroots medical institutions should also become a citizen's first choice for visiting a doctor, he added.Chinese Vice Premier Li Keqiang presides over a meeting of the State Council's leading group on health care reforms in Beijing, capital of China, Oct. 27, 2010.Further, the reforms should provide for a rational division of responsibilities among major public hospitals and grassroots clinics, Li said, adding that large hospitals should establish a patient-oriented diagnosis and treatment procedure and provide a better environment.Private capital should also be welcomed to invest and build medical institutions to create a competitive market mechanism, Li said.

BEIJING, Oct. 25 (Xinhua) -- Chinese President Hu Jintao and Vice President Xi Jinping on Monday met with veterans and heroes of the Chinese People's Volunteers (CPV) to commemorate the 60th anniversary of the volunteer army entering the Democratic People's Republic of Korea (DPRK) to help in the war to resist U.S. aggression.Hu is commander-in-chief of China's armed forces, while Xi has been newly appointed vice chairman of the Central Military Commission (CMC) of the Communist Party of China.In his address on behalf of the CPC Central Committee and the CMC, Xi said that the Chinese movement 60 years ago was "a great and just war for safeguarding peace and resisting aggression."Chinese President Hu Jintao (3rd R, front), also chairman of the Central Military Commission, and Chinese Vice President Xi Jinping (2nd R, front) meets with representatives of Chinese People's Volunteers (CPV) veterans and old comrades who have devoted to the entry of the Chinese People's Volunteers into the Korean front prior to a symposium that commemorate the 60th anniversary of the entry of the CPV into the Korean front in Beijing, capital of China, Oct. 25, 2010."It was also a great victory gained by the united combat forces of China's and the DPRK's civilians and soldiers, and a great victory in the pursuit of world peace and human progress," Xi said.Xi said the Chinese people would never forget the great contribution and sacrifice made by the nation's founders and, in particular, the people who made history during a war that saw the weak defeating the strong.The Chinese people will never forget the friendship -- established in battle -- with the DPRK's people and army, he said. Xi also acknowledged the former Soviet Union's government and people who provided help to the volunteer army.

WASHINGTON, Oct. 7 (Xinhua) -- China's growth is a very important force in the global recovery, World Bank Group President Robert B. Zoellick told reporters here on Thursday in response to a Xinhua question.Zoellick made the remarks during a press briefing ahead of the Bank's annual meeting this weekend.Asked what China can contribute to the world development, the president, who just concluded a week-long China tour last month, said China's growth itself is important contribution to the world. World Bank President Robert B. Zoellick hosts a press briefing ahead of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington D.C., capital of the United States, Oct. 7, 2010.China's economy is projected to grow 10.5 percent in 2010 and 9. 6 percent in 2011, driven by domestic demand, according to the biannual World Economic Outlook (WEO) released by the International Monetary Fund (IMF) on Wednesday."China's strong and sustained growth over the past several years has served as a linchpin for global trade, benefiting exporters of commodities and capital goods," said the report.The World Bank chief stressed the importance of new multi-polar economy requiring multi-polar knowledge, with rising economies contributing new experiences to the world.Recovery is happening, but not quick enough to bring enough jobs, and the economic downturn is still hurting people's jobs and lives, said Zoellick."We need a more balanced and sustainable growth," he added.Zoellick also warned of a potential resurgence of protectionism in the post-crisis period. He stressed that protectionism is not a way out, and it may only risk the repetition of mistakes of the 1930s.

ATHENS, Oct. 2 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday made a five-point proposal on boosting ties with Greece during talks with his Greek counterpart George Papandreou, stressing that China is willing to work with the European country to combat the lingering financial crisis.Wen arrived in Athens earlier in the day, starting a three-day official visit to the country, the first by a Chinese premier in 24 years.Papandreou held a grand welcoming ceremony for Wen after the Chinese premier's arrival.Wen said both countries were great civilizations in the history and the people of the two countries have always been amicable to each other. There have been consistent mutual support, mutual help and solid political mutual trust between the two nations for a long time.Greek Prime Minister George Papandreou (R) shakes hands with Chinese Premier Wen Jiabao during a press conference in Athens, Greece, on Oct. 2, 2010."Currently, Greece is actively dealing with the impact inflicted by the sovereign debt crisis and has experienced the hardest time," Wen said during the talks with Papandreou."China will work with Greece to deal with various challenges and deepen the China-Greece comprehensive strategic partnership," he added.China has bought and is now holding Greece's treasury bonds, and will continue to "take positive attitude to participate in the purchase of Greece's new treasury bonds," said Wen, adding that it served as one of China's measures to help the sovereign debt-ridden country.Wen put forward a five-point proposal for the further development of China-Greece ties concerning cooperation in maritime transportation, trade and investment.China will set up a special fund on China-Greece shipping cooperation, with the initial part of 5 billion U.S. dollars, in a bid to promote cooperation in maritime transportation between the two countries, said Wen.He added China will help upgrade Greece's southeast and largest port Piraeus to a distributing center for Chinese exports to Europe.Wen said he believes it is realizable for trade volume between the two countries to double and reach the goal of 8 billion dollars in five years, adding China will expand the import from Greece.

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