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BEIJING, Jan. 17 (Xinhua) -- Home prices in 70 major Chinese cities rose 0.3 percent month on month in December and 6.4 percent year on year, the National Bureau of Statistics (NBS) said Monday.The annualized growth rate dropped from 7.7 percent in November, making December the eighth consecutive month of slowing growth from a peak of 12.8 percent in April last year, when the government stepped up controls to curb prices.New home prices climbed 7.6 percent year on year last month and 0.3 percent month on month, while prices for second-hand homes rose 5 percent year on year and 0.5 percent month on month, said a statement on the NBS website.File photo taken on Nov. 14, 2010 shows a newly built residential community in east China's Shanghai Municipality.Property sales volume, in terms of floor space, was up 11.5 percent from a year earlier to 218.08 million square meters last month, and the value of sales rose 21.9 percent to more than 1.02 trillion yuan (about 155 billion U.S. dollars).Property sales for the whole of last year surged 10.1 percent year on year to 1.04 billion square meters, and the sales value was up 18.3 percent to 5.25 trillion yuan, it said.Property investment last year jumped 33.2 percent year on year to 4.83 trillion yuan. In December alone, 557 billion yuan was invested in the real estate sector, up 12 percent year on year.

BEIJING, Dec. 10 (Xinhua) -- A Chinese state councilor said on Friday that the Confucius Institute is facing a "new starting point", calling for increased cultural exchanges between China and foreign countries via the institution.While addressing the opening ceremony of the fifth conference of Confucius Institutes in Beijing, Chinese State Councilor Liu Yandong said that the institute is being offered new opportunity given exchanges of the diverse cultures in the world and China's wider opening-up."After five years' development, the Confucius Institute is now standing at a new starting point," said Liu, also president of the Confucius Institute headquarters council.The Confucius Institute, named after ancient Chinese philosopher Confucius, is a non-profit public institution which aims to promote Chinese language and culture in foreign countries.Up to now, China has set up more than 320 Confucius Institutes in 96 countries around the globe since the first one was established in 2004, said Liu.Li Changchun, a Standing Committee member of the Political Bureau of the Communist Party of China (CPC) Central Committee, also attended the opening ceremony of the annual conference.

GUANGZHOU, Dec. 12 (Xinhua) -- Chinese Vice Premier Li Keqiang on Sunday met with foreign leaders and international sports organization officials who were in Guangzhou to attend the opening ceremony of the Asian Para Games.Among the foreign guests Li met were Philip Craven, president of the International Paralympic Committee, Datuk Zainal Abu Zarin, president of the Asian Paralympic Committee, and Jejomar Binay, vice president of the Philippines.Li extended warm welcome to them and spoke highly of their contribution to the Guangzhou Asian Para Games and the cause for people with disabilities.Chinese Vice Premier Li Keqiang (R) meets with the International Paralympic Committee President Philip Craven in Guangzhou, south China's Guangdong Province, on Dec. 12, 2010. The opening ceremony of the 2010 Asian Para Games was held in Guangzhou Sunday.He also said the Chinese government would further support the cause for people with disabilities to create more favorable conditions for them to integrate into society.Li declared the opening of the games Sunday evening at the Olympics Stadium of Guangzhou, capital city of south China's Guangdong Province.The Asian Para Games will last for a week.

BEIJING, Jan. 15 (Xinhua) -- China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.The internationalization of the yuan is a significant step for advancing the reform of the international monetary system, Dai Xianglong, chairman of China's National Council for Social Security Funds, said when speaking at annual economic forum in Beijing.The current international monetary system has not adapted to the new patterns of global economic development, he said, adding that currency diversification is a realistic solution.Currency diversification means continuing the role of dollar, increasing the role of the euro and internationalizing other currencies, he said.The U.S. dollar, serving as both the U.S. currency and the most important international currency, will be used for U.S. policy goals when the two roles contradict each other, spurring fluctuations in global financial markets, he said, adding that the dollar has a tendency to depreciate.He said the Chinese yuan is a stable currency, and so ensures the safety of other countries' assets.The Chinese currency also enhances world trade, protecting the interests of China's foreign trade and investment, he added.The internationalization of the yuan will take 15 to 20 years, he said, suggesting an expansion of the overseas circulation of the yuan and an acceleration in the opening-up of China's large commercial banks to speed up the process.He urged Chinese banks in foreign countries to offer funding in yuan.He also called for more efforts to reform the interest rate mechanism, to ease the process of the internationalization of the yuan.

CHANGSHA, Dec. 26 (Xinhua) -- People across China marked the 117th anniversary of the birth of late leader Mao Zedong on Sunday with various activities in his hometown in central Hunan Province as well as in other parts of the nation.In Mao's birthplace, Shaoshan village, villagers and visitors arrived in the early morning to observe a local tradition in celebration of Mao's birthday -- eating a bowl of noodles."Today is Chairman Mao's 117th anniversary and many tourists came from afar on this special day just to have a bowl of 'long-life noodles' to show their respect towards the chairman," said village official Mao Yushi.Noodles are a traditional Chinese food to celebrate birthdays, as people believe long noodles stand for longevity.The villagers and tourists then came to Mao Zedong Square where they paid tribute to the "Great Helmsman" by leaving behind bouquets at Mao's bronze statue and singing the famous tune "The East is Red", a song in tribute of Mao.Meanwhile, nearly 10,000 citizens in Shaoshan - known as one of China's "red tourism" sites - marked the date with a 5,000-meter foot race that started from Mao's former residence and ended at the square in front of the Shaoshan Railway Station.Shaoshan, now designated a landmark in China's modern history, receives millions of people from home and overseas every year.On the same day, memorial activities were held in other cities around the nation.In Changsha, the capital city of Hunan Province, tourists and citizens braved the early morning chill to travel to Juzizhou island in the middle of the Xiangjiang River to pay tribute to the late chairman.Mao's poems were recited and songs and dances in tribute of Mao were performed on the island, where a 32-meter-high Mao statue was erected one year ago.In Beijing, by mid-day more than 10,000 people had visited Mao's Mausoleum on Tian'anmen Square, including Mao's grandson Mao Xinyu, who presented a basket of flowers along with his family.Similar activities were also held in provinces of Hebei, Gansu, Shanxi, Shandong and Henan to commemorate the founder of the New China, who was born on Dec. 26, 1893 and died on Sept. 9, 1976.For those who were unable to come to Shaoshan or Beijing, they found alternative ways to express their respect of Mao.Nearly 1,000 Internet users left messages and presented "cyber flowers" at the online memorial page of ssxw.net, a portal website of Shaoshan."You will always live in the heart of the people and we shall cherish the memory of you forever," one message reads.