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BEIJING, Feb. 25 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday ordered local governments to increase funding for affordable housing projects, stressing that the construction of 10 million units was a mandatory task that must be fulfilled this year.Speaking at a national conference on affordable housing for low and middle income groups, Li said that the construction of 10 million affordable housing units this year is of great significance for the government to stabilize public expectations, control housing prices, improve people's lives and boost domestic consumption."Housing is imperative for people's lives and local governments must waste no time in beginning the construction of 10 million affordable housing units this year and putting them into service as early as possible," Li said.To facilitate the government's subsidized affordable housing projects, Li said that local governments should ensure basic market supply with small units and guide the public to "reasonable consumption."More efforts are also needed to develop low-rent public housing and satisfy the demands of residents for affordable public housing, Li said. To support the construction of affordable housing, local governments can use tax breaks, determine the rent for public housing reasonably and finance construction projects in different ways, such as bank loans and social investment, he added.Li also called on local governments to increase land supplies for common commercial housing construction. The vice premier called on authorities to ensure transparency and fairness in the distribution of affordable housing units to benefit low-income groups who are in need.He stressed the need to discourage house purchases for the purposes of investment and speculation and to increase the supply of common commercial apartments and strictly implement the central government's macro control policies for the real estate market.The Chinese central government signed strict agreements with provincial governments to guarantee the construction of 10 million government-subsidized apartments this year. The target of building 10 million government-subsidized apartments is 72.4 percent more than last year, according to official figures.China's affordable housing provisions are divided into different categories, including "economic housing" that are sold below market prices, "price-capped housing," government-owned "low-rent housing" for extremely poor residents and "public-rent housing" for a wider range of people.

SAN FRANCISCO, April 7 (Xinhua) -- A latest research has shown that worldwide camera phone sales, driven by fast growing high- tier camera phone market, will top 1 billion units for the first time in 2011.According to the study by Strategy Analytics, a global independent research and consulting firm, sales of camera phones are projected to grow by 21 percent from 918 million units last year to 1.114 billion units in 2011, which will be the first time that annual volumes of camera phones have exceeded the 1-billion mark."The fastest growing segment of the camera phone market will be the high-tier. We forecast camera phones with sensors of eight megapixels and above to grow a healthy 240 percent worldwide during 2011," Neil Mawston, director at Strategy Analytics, said in a statement on Thursday.He added that smartphone vendors, such as Nokia and HTC, are increasingly loading their flagship models with more megapixels to deliver improved imaging quality for premium operator services.Statistics from Strategy Analytics show that some 4.2 billion camera phones have been sold worldwide since 2000.

MOSCOW, Jan. 24 (Xinhua) -- Russian President Dmitry Medvedev and visiting Chinese State Councilor Dai Bingguo held talks here on Monday, discussing prospects for the development of cooperation between the two countries.Medvedev and Dai Bingguo discussed the development of Russian- Chinese bilateral cooperation and interaction on the international arena.The Russian president said the Sino-Russian strategic partnership of coordination is developing further in all aspects, as the leaders of the two nations kept close contact during last year and cooperation in the economic and trade sphere has been deepened.Russia sees China as its closest partner, a position that will never be changed, Medvedev stressed.Russia is willing to work together with China to promote all- around cooperation and coordination on international and regional issues, Medvedev said.He said the strategic security talks between Russia and China, a major goal of Dai's current visit, have served as an important channel for bilateral coordination and exchanges, and played a pivotal role in enhancing bilateral strategic mutual trust.Dai Bingguo, who arrived in Moscow Sunday for a three-day visit, said that the first ten years of the 21st century had been important for Sino-Russian relations.China attaches great importance to the strategic coordination with Russia and is willing to work with Russia to develop their strategic partnership of coordination at a higher stage, the Chinese state councilor said.

SAN FRANCISCO, May 3 (Xinhua) -- Apple Inc. announced on Tuesday that it has updated its iMac all-in-one desktop, adding Intel's next generation quad-core processors, Thunderbolt data ports and a new HD camera.Starting at 1,199 U.S. dollars, the new iMac is up to 70 percent faster and its new graphics deliver up to three times the performance of the previous generation, Apple said in a statement.The new iMac features quad-core Intel Core i5 processors with an upgrade option to Core i7 processors.The 21.5-inch model has a single Thunderbolt port while the 27- inch has two, in addition to four USB 2.0 inputs and a FireWire 800 port.Thunderbolt, which debuted with Apple's updated MacBook Pro notebooks in February, is also an Intel design bringing together high-speed data transfer and high-definition display onto a single cable. It can transfer a full-length HD movie in less than 30 seconds with a speed of 10 gigabits per second, which is twice the speed of USB 3.0, 12 times faster than FireWire 800 and up to 20 times faster than USB 2.0.The new iMac also includes a built-in FaceTime HD camera, which supports high-definition video calls, Apple said.