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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.
SHIJIAZHUANG, June 27 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged more efforts be made to push forward the nation's drive to restructure the economy and coordinate urban and rural development.Li made the remarks during an inspection tour of North China's Hebei Province on Thursday and Friday.He urged more efforts be undertaken to increase the competitiveness of the nation's businesses and provide stronger internal impetus to develop the economy through expanding both domestic and overseas demands and promoting technological, managerial, systemic and institutional innovations to raise the quality and efficiency of China's economic growth.Li also called for more efforts to move forward the urbanization drive in such a way that industry could promote agriculture while urban areas help rural regions, as the great potentials for market demand could be unleashed to provide strong support for stable, fast and long-term economic development.He also stressed the role of scientific planning, optimized distribution of resources, improved public services and living environment, and efficient land use in boosting rural development.Stabilizing grain and agricultural production was of particular importance to maintaining stable macro-economic development, Li said, urging more efforts be made to strengthen the foundation of the country's agricultural sector

SHANGHAI, Aug. 13 (Xinhua) - Swiss President Doris Leuthard Thursday said the rise in bilateral trade between Switzerland and China is a delightful surprise, as she seeks to expand economic cooperation with China through a free trade agreement.The trade increase was a surprise as it came during the economic crisis last year, Leuthard said.In the first six months of 2010, Swiss exports to China increased more than 30 percent and Chinese exports to Switzerland increased more than 16 percent.Total trade volume between the two countries during the period hit 6.2 billion Swiss Francs (5.86 billion U.S. dollars), she added.Leuthard said she is optimistic about the future of Sino-Swiss bilateral trade, as the two countries are working on a free trade agreement."We are ending feasibility study (for the agreement) so both sides know the market, the opportunities and the risks very well. It is very promising," she said.After the joint feasibility study, the two sides will enter the final stage ahead of the signing of the deal, she added.Talks on the free trade agreement began in 2007 when Leuthard, as head of the Federal Department of Economic Affairs, signed an agreement with then-Minister of Commerce Bo Xilai. The agreement recognized the full market status of China.Switzerland hopes to be the first European country to have a free trade agreement with China, Leuthard told Xinhua in an interview last year.China is Switzerland's second largest trade partner in Asia after Japan.
BEIJING, July 2 (Xinhua) -- The central parity of the Renminbi (RMB), or China's currency yuan, strengthened to 6.7720 per U.S. dollar on Friday, a new record high, according to the data released by the China Foreign Exchange Trading System.China's central bank announced on June 19 that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.
HAIKOU, Aug. 23 (Xinhua) -- China is bracing for a strong tropical storm named "Mindelle", which is expected to skim the southernmost island province of Hainan between Monday midnight and Tuesday morning.At 8 a.m. Monday, a tropical low pressure system across the South China Sea intensified into the fifth tropical storm of the year, after being upgraded to a strong tropical storm eight hours later.The storm, by the name of "Mindellu", which means dandelion in Korean, is expected to approach the Beibu Gulf off the southern Guangxi Zhuang Autonomous Region after skipping Hainan, the Hainan provincial meteorological bureau said.Local authorities in Hainan have halted railway, shipping services and tourism programs and called fishing boats to return to ports as they braced for the storm.Both cargo and passenger shipping services were halted at 5 p.m., according to the ban issued by the provincial maritime affairs bureau.Also, passenger and cargo train services through Qiongzhou strait between the mainland and Hainan were halted at 5 p.m.Meanwhile, more than 26,000 fishing boats have returned to their ports.Tourism activities, such as diving and water-motorbike-driving in Sanya, the famous tourist city in southern Hannan, have also been halted as residents prepared for the storm.The Hainan provincial government said they would spare no efforts in protecting the safety of fishermen and tourists, as well as strengthening the monitoring of reservoirs.
来源:资阳报