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XIAMEN, Sept. 7 (Xinhua) -- The 2nd World Investment Forum (WIF), seeking to offer insights on the balance between investment and sustainable development, kicked off Tuesday in the coastal city of Xiamen of southeastern Fujian Province.With the theme of "Investment for Sustainable Development", the current forum, organized by the United Nations Conference on Trade and Development (UNCTAD), have attracted more than 1,500 oversease investors, policymakers and international organization representatives.Among the attendants to the forum are World Trade Organization Director-General Pascal Lamy, prime ministers from Greece, Zimbabwe and Mongolia, and presidents from Bulgaria, Peru, Ghana and Jamaica.The high-profile attendance "demonstrates the importance that international investment has gained as an engine of growth and development," UNCTAD Secretary-General Supachai Panitchpakdi said at the opening ceremony of the forum.According to Supachai, the three-day forum will examine the challenges and opportunities for global investment in a post-crisis economy.Supachai urged "a new generation of investment policies" to promote the transformation towards a low carbon economy.The forum will include a series of conferences on topics such as the impact of investment on sustainable development, how stock exchanges can promote sustainable business practices and the need for a recognised set of principles for borrowers and lenders that promotes sustainable debt and credit conditions.Also included are a ministerial round table meeting that will address investment policy coherence in the post-crisis environment and presentations from several countries showcasing climate change-related investment projects.Chinese Vice President Xi Jinping delivered a keynote speech at the ongoing opening ceremony of the 2nd World Investment Forum, which is sponsored by the United Nations Conference on Trade and Development (UNCTAD).

TIANJIN, Oct. 4 (Xinhua) -- China on Monday said developing countries' right to development must be guaranteed in order to achieve a positive progress in tackling with climate change problems.As a developing country which is experiencing rapid growth, China will continue to fulfill its due responsibilities in reducing greenhouse gases emissions, said Chinese State Councilor Dai Bingguo.While addressing a new round of UN climate talks which opened Monday in north China's Tianjin Municipality, Dai said the principle of sustainable development must be followed."Economic development, poverty alleviation and climate protection should be considered in a coordinated way in order to achieve a win-win result between achieving development and dealing with climate change," Dai said.He suggested the negotiations should stick to the basic framework of the United Nations Framework Convention on Climate Change (UNFCCC) and Kyoto Protocol and the mandate of the Bali Roadmap and follow the principle of "common but differentiated responsibilities."The developed countries should set the targets to take the lead in reducing greenhouse gas emissions and arrangements should be made to provide adequate financial and technological support to developing countries, he said."All countries should consolidate and enlarge the common ground (on climate change issues) so as to actively push forward the talks and reach a legally binding agreement at an early date," Dai told some 3,000 delegates from party and observer countries under the UNFCCC and the Kyoto Protocol.He said the UN climate talks had entered a critical stage and the Tianjin meeting should make positive progress in order to pave the way for the year-end Cancun summit in Mexico.As a responsible developing country, China will continue to play an active and constructive role in the climate talks, Dai said.He stressed China, as a country of 1.3 billion people with per capita GDP ranking about 100th in the world, faces the serious task of growing the economy and improving people's livelihood."At a stage of accelerated industrialization and urbanization, China's energy demand will see further reasonable growth. Therefore, we face significant constraints in controlling greenhouse gas emissions," he said.The Chinese government made clear-cut goals before the Copenhagen climate talks in late 2009, including cutting the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent, compared with 2005 levels.China also said it would increase the share of non-fossil fuels in primary energy consumption to around 15 percent and have 40 million more hectares of forest by 2020.Last December, the UN climate change conference was held in Denmark and adopted the Copenhagen Accord -- a non-binding document.The Tianjin talks, scheduled to run from Oct. 4 to 9, is the final meeting before the United Nations Climate Change Conference to be held in Cancun at the end of this year.

UNITED NATIONS, Sept. 24 (Xinhua) -- Chinese Premier Wen Jiabao met here with U.S. President Barack Obama on Thursday, focusing on bilateral ties and regional and world issues and calling for more cooperation.China and the United States can deepen their cooperation on significant international affairs and major regional issues as well as on efforts to handle global financial woes and climate change, Wen said.He said China and the United States could forge an even closer and wider-ranging trade and financial relationship. Chinese Premier Wen Jiabao (L) meets with U.S. President Barack Obama in New York, the United States, Sept. 23, 2010.At the beginning of the meeting, Wen said the China-U.S. relationship has advanced beyond the bilateral scope and has a major impact on the world.The common interests of the two countries far outweigh their differences, Wen said.Although there exist differences between China and the United States, the problems can be well solved through dialogue and cooperation, the premier said.Obama, for his part, noted that since taking office, he has had good cooperation with the Chinese leadership. The United States will continue to enhance its ties with China on the basis of common interests and mutual respect, Obama added.The two sides have already cooperated on a range of important issues, including the global financial crisis, and have also cooperated well under the G-20 framework, the president said.

BEIJING, Oct.12 (Xinhua) - Auto sales in China continued to expand last month, raising the forecast for annual sales to a record 17 million units this year, the China Association of Automobile Manufacturers (CAAM) said here Tuesday.Sales of automobiles rose 16.89 percent in September from a year earlier and 24.69 percent from August to 1.56 million units, while auto production was up 16.94 percent year on year to 1.59 million units, said CAAM.In the first nine months of this year, auto production reached 13.08 million units, up 36.1 percent from a year ago.A total of 13.14 million units of domestically-made auto vehicles were sold in China in the same period, up 35.97 percent year on year.Sales for the Jan.-Sept.period are quite close to the total number of vehicles sold last year, when China overtook the United States to become the world' s largest auto maker and auto market with production and sales hitting 13.79 million and 13.64 million units respectively.China' s annual production and sales of new autos are likely to surpass 17 million units this year, CAAM predicted, matching the highest annual level ever reached in the United States.Although the expansion in the sector has brought in an industrial boom and played an important role in China' s domestic demand, it has also triggered widespread concerns over the country' s energy capacity, pollution levels and rising traffic pressures.For general citizens and city planners in China, the increasing number of traffic jams is the most obvious problem in enjoying a life behind the wheel.In Beijing, the rising number of private cars, along with heavy rainfall and a spurt in holiday travel, caused a record 140 traffic jams in a single Friday evening last month. In some parts of the city that day, people spent nearly two hours on what would normally have been a 15-minute ride.Earlier this month, figures from the Ministry of Public Security revealed that the number of automobiles on China' s roads had hit 85 million, while a total of 144 million Chinese had learnt to drive vehicles.Statistics from the Beijing Transportation Research Center (BTRC) revealed that the number of registered cars in Beijing had topped 4.5 million in September, and would possibly exceed 7 million by 2015.However, the city's road system will be over-burdened by then, as its full capacity is estimated to be 6.7 million vehicles, said Guo Jifu, director of the BTRC.In addition, experts and officials have warned that the burgeoning number of vehicles could pose threats to the country' s energy reserves, as China is still highly dependent on oil imports.China's oil dependency reached alarming levels last year with imports accounting for more than 50 percent of consumption. However, that figure rose to 55 percent by the end of August this year.Xu Changming, an official with the State Information Center, said the auto market's growth should be maintained at around 1.5 times the growth in the country's gross domestic product (GDP).This means China's auto sector growth should rise less than 13.5 percent, since GDP expanded by 9.1percent in the past year.But according to Edward Prescott, the Nobel Economics prize winner in 2004, China' s vehicle production and sales may both range as high as 40 million units by 2020, and reach 75 million in 2030.Chinese officials had also warned that an unchecked expansion of China's auto industry encouraged by local authorities could harm the wider economy, and that excess capacity must be "resolutely" stopped.Chen Bin, head of industrial coordination at the National Development and Reform Commission, the nation' s economic planning body, said last month at a forum in Tianjin that local governments had been making "blind" efforts to open new factories and expand capacity, which could hamper sustainable development of the national economy.In Beijing, auto emissions were responsible for 50 percent of the city' s gaseous pollutants in 2009, he added.He said local authorities should avoid setting unrealistic output quotas for auto makers, and should end preferential land and tax policies for them.He said the government should also strengthen supervision of industrial efficiency data to guide reasonable resource allocation.China's auto industry is not only facing the tough task of boosting domestic consumption, but is also responsible for maintaining sustainable and coordinated economic and social development, Chen said.

BEIJING, Sept. 10 (Xinhua) -- Property prices in 70 major cities rose 9.3 percent in August year on year but were unchanged on a month-on-month basis from July, China's National Bureau of Statistics (NBS) said Friday.The year-on-year growth rate was one percentage point lower than the year-on-year growth rate in July, a statement on the NBS website said Friday.The year-on-year growth rate was the slowest in the past eight months this year.On a year-on-year basis, China's home prices rose 7.8 percent in December 2009, 9.8 percent in January 2010, 10.7 percent in February, 11.7 percent in March, 12.8 in April, 12.4 percent in May, 11.4 percent in June and 10.3 percent in JulyNew home prices rose 11.7 percent year on year in August, down 1.2 percentage points from July. New home prices in August were unchanged from July, too.Prices of second-hand homes rose 6.2 percent year on year in August, down 0.5 percentage points from July. Prices of second-hand homes in August increased on a month-on-month basis, up 0.1 percent from July.The Chinese government took measures in April to cool soaring home prices, including curbing lending to developers, limiting loans for third-home purchases and requiring higher down-payments for second-home purchases.

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