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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.
BEIJING, Jan. 20 (Xinhua) -- Chinese leaders and people Wednesday bade farewell to eight peacekeeping police officers who were killed in the 7.3-magnitude earthquake in Haiti last week.Top leaders Hu Jintao, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang joined thousands of members of the public at the ceremony held at the Babaoshan Revolutionary Cemetery in western Beijing.People were standing in long lines outside the ceremony hall in the winter chill, waiting to pay tribute to the peacekeepers who were posthumously honored Tuesday by the government as "martyrs." The coffins of the eight peacekeeping police officers draped in Chinese national flags are laid at the Babaoshan Revolutionary Cemetery in Beijing, China, Jan. 20, 2010. A farewell ceremony for the eight peacekeeping police officers will be held on Wednesday morning in BeijingIn the hall, hung above the photographs of the officers was a black banner reading "Deeply mourning Chinese peacekeeping police officers who lost their lives in the Haiti earthquake."Their coffins were decorated with white chrysanthemums, a traditional Chinese funeral flower, and covered by China's red national flag, surrounded by wreaths offered by their colleagues, friends and the country's leaders.All nine leaders, in dark suits with white flowers pinned in their lapels, stood in silent tribute and bowed three times toward the coffins.Hu Jintao and other leaders shook hands with family members of the eight deceased, expressing deep sorrow and condolences.Among the eight officers, four were in a team sent by the Ministry of Public Security to Haiti's capital, Port-au-Prince, for peacekeeping consultations, and the other were officers of China's peacekeeping force in Haiti.They were talking with U.N. staff in the headquarters of the UN Stabilization Mission in Port-au-Prince when the quake occured at about 4:50 p.m. on Jan. 12 local time.Their bodies arrived back in Beijing on Tuesday.At www.sina.com.cn, a leading Chinese Internet portal, more than 1.2 million people have offered virtual wreaths in an on-line tribute."May the heroes on peace. We will remember in our hearts what you have done. You are forever alive in our hearts," said "Tingtingjiuhao" in a post on the website

BEIJING, March 7 (Xinhua) -- Drought had affected 61.31 million Mu (4.09 million hectares) of farmland in southwestern China as of March 5, according to the latest figure from the Ministry of Agriculture (MOA).About half of the affected, or 32.95 million Mu (2.20 million hectares), was seriously damaged, according to the MOA.The affected acreage was in Yunnan Province, Guangxi Zhuang Autonomous Region, Guizhou Province, Sichuan Province and Chongqing Municipality.The areas contributed to about 16 percent of the country's annual grain output, and thus were important to the country's overall grain output, according to the MOA.
BEIJING, Feb. 27 (Xinhua) -- Chinese Premier Wen Jiabao is scheduled to chat with Internet users at 3 p.m. (Beijing Time) Saturday at two state news portals.The two major portals, www.gov.cn, of the central government, and www.xinhuanet.com, of the Xinhua News Agency, will jointly interview Premier Wen, a Standing Committee member of the Political Bureau of the Communist Party of China Central Committee.Netizens in China and abroad are invited to raise questions to Wen via the Development Forum (http://forum.xinhuanet.com), and the premier is expected to answer some of these questions.The on-line chat will be shown live in texts, pictures and videos at the two portals.
TIANJIN, March 21 (Xinhua) -- The construction of a new express railway section between two cities near Beijing was kicked off Sunday, which, when completed, is expected to further speed up economic integration around the Chinese capital.The 158-km-long railway linking coastal Tianjin and Baoding in Hebei Province will shorten the journey between the two cities to less than an hour.The project is part of the railway network that covers Beijing, Tianjin and cities in Hebei."The network will serve as an important impetus for the integration of the cities around Beijing," said Wang Ailan, a researcher with the Tianjin Academy of Social Sciences.An express railway between Beijing and Tianjin was put into operation in August 2008, shortening the 120-km journey between the two municipalities to only 30 minutes from the previous 74 minutes at least.The intercity railway network is centered at Beijing and Tianjin, and all the cities covered by the network, including Hebei provincial capital Shijiazhuang and coastal Qinhuangdao, can reach each other within two hours' rail ride, according to the plan .With an investment of 24 billion yuan (about 3.5 billion U.S. dollars) and a designed speed of 250 km per hour, the section between Tianjin and Baoding will serve both passenger and freight trains.The railway between Tianjin and Qinhuangdao, which is under construction, boasts a designed speed of 350 km per hour and will cut the trip between the two cities to 50 minutes when completed. Currently, the fastest train journey between the two port cities is about two hours.A high-speed passenger rail between Beijing and Shijiazhuang is also under construction. By 2012, 11 cities in Hebei will be covered by high-speed rails, and by 2020, the intercity railways between Beijing, Tianjin and cities in Hebei will reach 710 kilometers.
来源:资阳报