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BEIJING, March 20 (Xinhua) -- The threat of inflation to China's economy is less worrisome compared with asset bubble, economists said Saturday at the China Development Forum 2010.China's economy is facing a new round of growth in the coming two years, but the risks of inflation and asset bubble remain, said Fan Gang, secretary general of the China Reform Foundation.Compared with inflation, tackling asset bubble is of greater importance because asset bubble, as one of the causes for this round of global financial crisis, is more dangerous, Fan said. He expected the country's economy to grow 8 to 9 percent this year in a "normal growth."Growth in China's property prices is accelerating and approaching an alarming level, said Nomura Holdings Inc. chairman Junichi Ujiie.Despite government measures to curb property prices, China's property market grew at its fastest pace in 20 months in February, with housing prices in 70 major cities rising 10.7 percent from a year ago.

YAOUNDE, March 24 (Xinhua) -- China's top political advisor Jia Qinglin on Wednesday discussed with Cameroonian President Paul Biya the ways to lift the two country's bilateral relationship to a new height in Yaounde, capital of Cameroon."As developing countries, it is in the fundamental interests of China and Cameroon to seek bilateral friendly cooperation," Jia told Biya in their hour-long talks at the Presidential Palace Wednesday noon.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, was making a three-day official visit to the central African nation. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), receives a medal from Cameroonian President Paul Biya after their meeting in Yaounde, Cameroon, March 24, 2010Jia and Biya reviewed the progress of bilateral relationship since the two countries established diplomatic ties in 1971, particularly the significant improvement after the China-African Cooperation Summit in 2006.To further China-Cameroon relationship, Jia proposed the joint efforts in cementing political foundation, widening economic cooperation, deepening people-to-people exchange and increase coordination on international issues.Biya echoed Jia's proposal, saying his country would like to work more closely with China in those fields.Jia thanked Biya and his government for their efforts to free the Chinese sailors kidnapped in Cameroon early March.On broader China-Africa relationship, Jia said China was committed to implementing the new eight measures introduced by Chinese Premier Wen Jiabao last November in Egypt, which also include debt cancellation, agriculture production, infrastructure, education."China would like to listen to the suggestions of Cameroon and other African countries on carrying out those measures in a bid to generate more benefits for African people at an early time," Jia said.Biya said Africa-China cooperation was characterized by equity, mutual benefit and common development, which had brought substantial benefits to African nations.The president said his country would support China's policy and initiative on Africa.After their meeting, Jia and Biya witnessed the signing of a number of cooperative deals between the two countries.Earlier Wednesday, Jia visited a multifunctional stadium in downtown Yaounde which was financed by China.At the landmark stadium, the largest of its kind in central Africa, Jia watched local people play table tennis and stage the performance of Chinese kungfu.Jia, who arrived in the capital of Cameroon on Tuesday afternoon, held talks with President of National Assembly of Cameroon Cavaye Djibril and delivered a key-note speech on China- Africa relationship.Jia will leave for Namibia on Thursday to continue his 10-day African tour.

BEIJING, Jan. 21 (Xinhua) -- Beijing's per capita gross domestic product exceeded 10,000 U.S. dollars for the first time last year after a strong economic recovery, a local statistics official said Thursday.The GDP in the Chinese capital grew 10.1 percent to 1.187 trillion yuan (137.8 billion U.S. dollars) in 2009, according to the Beijing Bureau of Statistics.The per capita GDP was 68,788 yuan (10,070 U.S. dollars) as the city had 17.55 million permanent residents at the end of 2009."The breakthrough is a milestone for Beijing," said Yu Xiuqin, the bureau's deputy director. "According to the standards of the World Bank, Beijing has become a moderately well-off city."According to the World Bank, a country or region should be recognized as moderately well-off when its per capita GDP exceeds 10,000 U.S. dollars, the official explained.The service industry contributed to 75 percent of Beijing's GDP and its urbanization rate had reached 85 percent, she said."The Beijing government will take further measures to boost the living standards and social welfare of the rural population to bridge the gap between urban and rural areas," Yu said.

SHANGHAI, March 23 (Xinhua) -- There has been no timetable for the construction of a maglev line project between Hangzhou and Shanghai, a spokesman of the Shanghai municipal government said Monday.The project is still undergoing feasibility studies, the official said when responding to media reports last week which said the construction is expected to start this year.The proposal of the ultra-high-speed maglev line, with an estimated cost of 22 billion yuan (3.22 billion U.S. dollars), was approved by the National Development and Reform Commission in 2006.When completed, the line is expected to cut the travel time between Shanghai and Hangzhou, capital of the neighboring Zhejiang Province, to half an hour from the current 2.5 hours.

BEIJING, Feb. 22 (Xinhua) -- Senior officials of the Communist Party of China (CPC) on Monday urged Party organs and governments at all levels to prioritize talented individuals as the top resource for social and economic development.It was revealed in a meeting of the Political Bureau of the CPC Central Committee, which was presided over by General Secretary of the CPC Central Committee, Hu Jintao.According to a statement issued by the meeting, members of the Political Bureau deliberated the mid- and long-term plan for national talent development (2010-2020), saying that a more open policy for introducing and cultivating talents should be carried out.The Party should improve its leadership of talent management to cultivate talents, while all provincial-level governments and governmental departments in charge of important industries should also work out corresponding talent development plans, said the statement.During the meeting, members of the Political Bureau also discussed a government work draft report which will be submitted by the State Council to the top legislature's annual session next month.Under the leadership of the CPC Central Committee and with joint efforts by the country's people of all ethnic groups, China made "hard-won" achievements against the backdrop of the global economic downturn and international financial crisis in 2009, the statement said.The State Council and local governments at all levels had performed their duties well and done a lot to overcome the difficulties, it said.The year of 2010 will be vital to continue dealing with the impact of the global downturn and keeping steady economic growth as well as to transform the mode of economic development.The meeting also called for more efforts to fulfill the country's 11th Five-Year Plan (2006-2010), the statement said.