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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, Nov. 21 (Xinhua) -- China's premium income hit 936.09 billion yuan (137.1 billion U.S. dollars) in the first 10 months, according to China Insurance Regulatory Commission. The figure represented an increase of 78 billon yuan, or 9.09 percent, over that in the first nine months. During January to October period, premium of property and casualty insurance was 243.18 billion yuan, and 692.9 billion yuan, respectively. Total asset of the country's insurance sector stood at 3.83 trillion yuan by the end of October.
COPENHAGEN, Dec. 17 (Xinhua) -- Chinese Premier Wen Jiabao said Thursday that the Copenhagen climate talks have reached the decisive moment and all parties should focus on consensus in a future-oriented manner and seek common grounds while shelving differences so as to bring hope to the world people. Wen made the remarks when he met British Prime Minister Gordon Brown, German Chancellor Angela Merkel and Japanese Prime Minister Yukio Hatoyama on the sidelines of the UN-led talks being held here. Wen said many developed countries have tabled quantified emission reduction targets while some developing countries have also set up voluntary goals in curbing emissions, which represents new progress in international cooperation in tackling climate change. Chinese Premier Wen Jiabao (R) shakes hands with British Prime Minister Gordon Brown in Copenhagen, Denmark, Dec. 17, 2009. The key to fighting climate change is to follow the principle of "common but differentiated responsibilities," Wen said. Countries should deliver their commitments in earnest and enhance mutual trust instead of harboring mistrust or even confronting with each other, he added. China is always true in word and resolute in deed, Wen said, adding that the Chinese side will overcome difficulties to realize the goal of curbing greenhouse gas emissions. Chinese Premier Wen Jiabao (R) shakes hands with German Chancellor Angela Merkel in Copenhagen, Denmark, Dec. 17, 2009.Wen also said China's work in this regard is open and transparent and is subject to the supervision of domestic laws and media, and China is willing to conduct international exchanges, dialogues and cooperation in information disclosure. Brown, Merkel and Hatoyama spoke highly of China's efforts in dealing with climate change and introduced their own countries' positions during the climate talks. They also expressed willingness to strengthen cooperation with China to strive for achieving positive results at the summit. Wen also attended a banquet hosted by Danish Queen Margrethe II for world leaders at the summit. Chinese Premier Wen Jiabao (front) arrives to attend the dinner hosted by Denmark's Queen Margrethe II in Copenhagen, Denmark, Dec. 17, 2009. The dinner was held to welcome the leaders attending the United Nations Climate Change Conference.