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BEIJING, Nov. 13 (Xinhua) -- China should keep home prices from long time "abnormal increases" and divert profits made from home price hikes to the public through taxation, a senior property official said here Friday.     Dong Zuoji, director of land planning department of the Ministry of Land and Resources, said home prices would continue to rise as the land in the world's fastest-growing economy is becoming increasingly scarce, but the government should use taxes to give the added value of the land back to society.     "China hasn't seen overcapacity in real estate sector on the whole, otherwise home prices wouldn't have gained so much," he said while attending a meeting held in Beijing.     Dong said the government would increase land supply for subsidized homes and adopt measures to prevent developers from hoarding land.     The government would also guarantee land use for high-tech, high added-value enterprises while limiting that of backward production projects.     Due to a series of supportive measures adopted by the government, China's property sector rebounded strongly this year. Home prices in 70 large and medium-sized cities rose for the eight straight month in October.     Average house price in Beijing surged 43.7 percent in July from that of January, to 14,500 yuan per square meter, Golden Keys, a property agent said on July 17.

BEIJING, Dec. 1 -- Premier Wen Jiabao Monday rejected "unfair" calls from European countries for faster reform of China's currency policies, despite lobbying from EU financial chiefs at the weekend."Some countries demand the yuan's appreciation while practicing various trade protectionism against China. It's unfair and actually limits China's development," Wen told reporters in Nanjing, Jiangsu province.     European Commission President Jose Manuel Barroso and Swedish Prime Minister Fredrik Reinfeldt, whose country holds the rotating EU presidency, were also at the press conference. Chinese Premier Wen Jiabao delivers a speech at the closing ceremony of the fifth China-EU Business Summit in Nanjing, capital of east China's Jiangsu Province, Nov. 30, 2009.    Wen's unusually direct response followed a one-and-a-half hour summit between China and the EU, which has 27 member-nations. The summit ended with five agreements mainly on energy and environmental cooperation.     But it also ended without a breakthrough on issues that have brought stalemate between the sides, such as trade disputes and arms embargoes.     Wen said China will keep the yuan basically stable and carry out currency reform at its own, gradual pace.     A stable yuan is not only good for the Chinese economy but the world, Wen said.     The meeting took place against the backdrop of concern about the rising euro and the possibility it might derail the recovery in Europe, which imports heavily from China.     The yuan began gaining against major currencies after a set of exchange rate reforms were introduced in July 2005. After rising nearly 20 percent against the US dollar, it hovered around 6.83 to the US dollar for about a year. In the past month or so, the euro has risen to a 15-month high.     Euro Group President and Luxembourg Prime Minister Jean-Claude Juncker joined other European leaders in lobbying China's senior officials.     The Chinese officials explained that it was difficult to make a case for "immediate renminbi appreciation" in a country where 40 million people live on less than 1 U.S. dollar a day. Chinese Premier Wen Jiabao (C), European Commission President Jose Manuel Barroso (R) and Swedish Prime Minister Fredrik Reinfeldt (L), whose country currently holds the rotating EU presidency, meet with the press after the 12th China-EU summit in Nanjing, capital of east China's Jiangsu Province, Nov. 30, 2009. The failure of the EU appeal was expected because Europe was only thinking about itself, claimed Wu Baiyi, a European studies expert at the Chinese Academy of Social Sciences.     Zhao Junjie, Wu's colleague, said that while China is not able to quickly change its currency policy, Beijing had made efforts in the past year to fill the EU trade gap.     "Actually, some of the goods bought by the dozen purchasing groups that China sent to the EU during the past year were bought only for the sake of the EU," he said. "But the EU still wants more."     Glenn Maguire, chief Asia-Pacific economist at Societe Generale SA in Hong Kong, told Bloomberg: "China will only adjust on its own terms and in its own time. It's decided that now is not the time to do that."     Despite lingering disputes, including trade protectionism and the EU's ban on the transfer of technology to China, Wen Monday raised expectations for improved relations with Beijing's largest trading partner.     "China and Europe walking together hand-in-hand will make the steps of humankind more steady, and that best illustrates the strategic significance of our ties," said Wen.     Barroso and other EU leaders Monday also applauded fresh Chinese commitments on countering climate change.     Stanley Crossick, founding chairman of the European Policy Centre, said Europe will need to commit to lifting its arms embargo against China.     "Beijing is right that listing China among a handful of embargoed pariah states is totally inconsistent with the treatment of a strategic partner," he said.     Crossick suggested that EU officials be trained in contemporary China and taught Mandarin.     Wen opened the door to better understanding Monday, announcing that 2011 will be the year for China-EU youth communication and the establishment of other youth and cultural exchange mechanisms.

BEIJING, Nov. 17 (Xinhua) -- China and the United States are committed to working together and with other countries for a successful outcome at Copenhagen summit next month, said a joint statement issued here Tuesday after talks between Chinese President Hu Jintao and his U.S. counterpart Barack Obama.     The two sides have held a constructive and productive dialogue on the issue and maintained that international cooperation is indispensible in dealing with climate change, which poses one of the greatest challenge of the time, the statement said.     Both sides concede that transition to a low-carbon economy is an opportunity to promote continued economic growth and sustainable development in all countries.     Regarding the upcoming Copenhagen summit, the two countries expressed their willingness to strive for an agreed outcome based on the principle of common but differentiated responsibilities and respective capabilities.     "The two sides, consistent with their national circumstances, resolve to take significant mitigation actions and recognized the important role that their countries play in promoting a sustainable outcome that will strengthen the world's ability to combat climate change," said the statement.     The two countries also agreed that the outcome should include the emission reduction targets of developed countries and nationally appropriate mitigation actions of developing countries, adding that it should also substantially scale up financial assistance to developing countries, promote technology development, dissemination and transfer, and pay particular attention to the needs of the poorest and most vulnerable countries to adapt to climate change.

BEIJING, Nov. 14 (Xinhua) -- China's industrial output is expected to grow by about 16 percent year on year this month and in December and the full year industrial output growth could reach around 10.5 percent, Minister of Industry and Information Technology Li Yizhong said here Saturday.     At the 3-day International CEO Roundtable conference, Li said the industrial output growth would guarantee the manufacturing-based Chinese economy should achieve its full-year growth target of 8 percent.     China set the about 8-percent growth target in March this year. The government believes 8-percent GDP growth is essential to generate enough jobs.     According to the minister, China's industrial economy stopped falling and began to stabilize and recover in March this year. In October, China's industrial output rose 16.1 percent from a year earlier, the fastest pace since March 2008 and the sixth consecutive month with an acceleration of year-on-year growth.     Li said the industrial output in October had climbed to the level in June last year, which indicated a V-shaped curve of the recovery of the industrial production activities.     Other figures, such as rising company profit, surging power consumption, and increasing export orders, also pointed to the notable recovery of China's industrial production, he said.     Li also cautioned that the recovery base of China's industrial production was not solid and some industries and companies were still faced with production and operation difficulties.     He said China should continue its efforts to restructure its economy and change growth pattern by promoting innovation and technological upgrading, conserving energy and cutting emissions, and integrating information technologies with industrial development.     According to the minister, the industrial production accounted for 43 percent of China's total GDP in 2008 and contributed 42.8 percent to the GDP growth last year.     Thanks to the global financial crisis, China's economy cooled to its slowest pace in seven years in 2008 and expanded 9 percent from a year earlier to reach 30.07 trillion yuan (4.4 trillion U.S. dollars).

BEIJING, Nov. 27 (Xinhua) -- Xu Caihou, vice chairman of China's Central Military Commission, met here Friday with the People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK).     The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China. Xu Caihou (R), vice chairman of China's Central Military Commission, shakes hands with Om Hajin, head of the People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), in Beijing, China, Nov. 27, 2009Xu, who met last week in Beijing with Kim Jong Gak, member of the DPRK National Defense Commission, said the ensemble's visit marked an "important" event for the two sides' military contacts this year.     As the two countries celebrated a Friendship Year this year, and saw the 60th anniversary of the establishment of diplomatic ties, Xu said the visit added an emphasis to the whole celebrations for the year. The People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), performs in Beijing, China, Nov. 27, 2009. The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China. Among the celebrations, a DPRK's student art troupe visited China in July at the invitation of the Chinese People's Association For Friendship with Foreign Countries Cultural exchanges greatly contributed to the in-depth development of bilateral relations, Xu said.     Om Hajin, head of the concerto company, said the DPRK hoped this visit could be conducive to advancing the relationship between the two militaries and countries. Xu Caihou (middle row C), vice chairman of China's Central Military Commission, and members of the People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), pose for a group photo, after the performance given by the concerto company, in Beijing, China, Nov. 27, 2009The traditional bilateral friendship, initiated by the older generation of leaders, was the two peoples' common wealth, Om said.     The last visit to China paid by the ensemble was in 1991. Recalling that visit, Om told Xinhua they were excited to be on the once-familiar stage in China.     The DPRK people paid great attention to the visit, said Om, adding DPRK attached great importance to developing cultural cooperation with China. The People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), performs in Beijing, China, Nov. 27, 2009. The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China.Together with over 1,000 Chinese officers and soldiers, Xu watched the performance given by the concerto company Friday evening at the China Grand Theater.     The nearly-two-hour show consisted of various forms of performances, such as chorus, solo and tap dancing.     The anthem of the Chinese People's Liberation Army and renowned Chinese military songs, particularly prepared by the ensemble, were received by warm applause of the audience. The People's Army Concerto Company of the Democratic People's Republic of Korea (DPRK), performs in Beijing, China, Nov. 27, 2009. The concerto company is here on a nearly-two-week visit, and is scheduled to stage six performances in China. Apart from Beijing, the concerto company will also visit Shenyang Military Area Command in northeastern China, and it is due to wrap up the visit on Dec. 5.     DPRK's top leader Kim Jong Il met with Chinese Defense Minister Liang Guanglie in Pyongyang on Wednesday, while Liang said the Chinese government was unshakable in its commitment to consolidate and develop the cooperative relations of the two countries.     Chinese Premier Wen Jiabao paid an official goodwill visit to the DPRK from Oct. 4 to Oct. 6.

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