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BEIJING, May 24 (Xinhua) -- Chinese equities rallied for the second consecutive trading day on Monday, and most stocks rose led by property shares as concerns over tougher measures on the property market eased.The benchmark Shanghai Composite Index rose 3.48 percent to close at 2,673.42 points.The Shenzhen Component Index gained 4.03 percent to 10,620.13 at the close.Total turnover climbed to 222.12 billion yuan (32.53 billion U.S. dollars) from 156.19 billion yuan on the previous trading day.Gainers outnumbered losers by 884 to 1 in Shanghai and by 944 to 2 in Shenzhen.Property shares staged strong growth after the China Times newspaper reported that an official from the country's top economic planning body said that the the government would not impose a property tax within the next three years.China Vanke Co., the country's largest listed property developer by market value rose 4.19 percent to 7.70 yuan. Gemdale Corporation grew 6.94 percent to 7.09 yuan.Xinjiang-related shares continued to gain from the government plans to boost regional economic development unveiled last Wednesday.Xinjiang Beixin Road and Bridge Construction Co. rose by the daily limit of 10 percent to end at 26.66 yuan. Xinjiang Urban Construction (Group) Co. closed at 14.00 yuan, an increase of daily limit.

BEIJING, May 22 -- China's stock index futures wrapped up their first month of trading on Friday as the May contract was delivered smoothly without triggering sharp declines or volatility in the spot market.The May contract rose 0.51 percent to close at 2749.8 points while the June contract, the most actively traded, rose 1.44 percent to close at 2801 points. The CSI 300 Index, which tracks 300 large caps traded on the Shanghai and Shenzhen bourses gained 1.57 percent to 2768.79 points.The smooth settlement of the May contract eased investors' worries about the "expiration day effect", with fears that it would trigger sharper volatility on the spot market due to more active trading of index futures as investors rushed to close positions for May and changed to June contracts on that day."The trading volume and the holdings of the May contract dramatically decreased in the past month, which significantly reduced the incentive of price manipulation in the spot market," said Yang Cui, an analyst at Changjiang Securities.Chen Zhenzhi, an analyst at Guangfa Futures, said the impact of the expiry day was very limited due to the fact that most institutional investors have not participated in index futures trading.The China's index futures market is still dominated by retail investors although securities firms and equity funds have been allowed to trade the new financial instrument. The securities regulator required that institutional investors should trade index futures for hedging rather than speculative purposes.Trading of index futures contracts, agreements to buy or sell the CSI 300 Index at a present value on an agreed date, allow investors to profit from both gains and declines in the market. Chinese investors could previously only profit from gains in equity prices.Some analysts said the launch of the financial instrument was one of the reasons leading to the recent decline as the short selling mechanism increases market volatility in the short term.The benchmark Shanghai Composite Index has declined 17 percent since the launch of index futures trading on April 16. It has been ranked as one of the world's worst performers along with some debt-troubled European countries.But Wang Lianzhou, former deputy director of the National People's Congress' finance and economics committee, was recently quoted by Chinese media as saying that the market's decline should not be blamed on index futures, which is designed to make the market more professional and less speculative.

BOAO, Hainan, April 11 (Xinhua) -- Competitions between China and India do not necessarily mean confrontation between the two neighboring Asian nations, Indian minister of state for environment and forests Jairam Ramesh said here Sunday."These two giants must cooperate, as the Chinese leaders say, in a harmonious manner," Ramesh said at the Boao Forum for Asia (BFA) annual conference which concluded Sunday in south China's island province of Hainan.Ramesh said both sides have to move forward and compromise.For example, he said cooperation between India and China in the United Nations climate change conference last December in Copenhagen could become a "trigger for deepening cooperation" between the two nations in all fields.At a panel discussion, Ramesh was asked whether the competition between the two nations was as fierce as what was described in The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us, a book written by American journalist Rogyn Meredith.

BEIJING, April. 15 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.4 percent year on year in March, the National Bureau of Statistics (NBS) announced here Thursday.The figure was 0.7 percentage points lower than the previous month, and for the first quarter, it was up 2.2 percent.The producer price index (PPI), a major measure of inflation at the wholesale level, rose 5.9 percent in March from a year earlier.China's PPI went up 5.2 percent year on year in the first quarter, said NBS.

BEIJING, May 18 (Xinhua) -- China hopes that the deal Iran struck with Brazil and Turkey will help advance the process of resolving the Iran nuclear issue through dialogue and negotiations, Chinese Foreign Minister Yang Jiechi said Tuesday.Yang made the comments in telepone conversations with his Turkish and Brazilian counterparts, Ahmet Davutoglu and Celso Amorim.Yang said that China has always sticked to the "dual-track" strategy in seeking a solution to the Iran nuclear issue and China appreciates the mediation efforts made by Turkey and Brazil.China attaches importance to and welcomes the agreement the two countries signed with Iran on supplying nuclear fuel for the research reactor in Tehran, he added.Davutoglu and Amorim briefed Yang on the efforts Turkey and Brazil have made concerning the Iran nuclear issue.They stressed that the deal the two countries reached with Iran is an important and positive step, which offers a new chance for the international community to peacefully solve the Iran nuclear issue through diplomatic means.Iran signed an accord with Turkey and Brazil in Tehran on Monday under which it will ship most of its low enriched uranium to Turkey in exchange for the 20-percent uranium fuel needed for its Tehran reactor.