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BEIJING, Oct. 15 (Xinhua) -- Property prices in 70 major Chinese cities rose 9.1 percent year on year in September, the slowest growth rate this year, the National Bureau of Statistics (NBS) said Friday.The rate was down 0.2 percentage points from the 9.3-percent growth rate in August, a statement on the NBS website said.On a month-on-month basis, prices rose 0.5 percent in September.New home prices climbed 11.3 percent year on year in September, also up 0.5 percent from August.Prices for second-hand homes rose 6.2 percent from a year earlier and 0.5 percent on a month-on-month basis.Real estate investment continued to expand in the first three quarters, with the total standing at 3.4 trillion yuan (511.4 billion U.S. dollars), up 36.4 percent from the same period in 2009, the statement said.The property price growth rate peaked this year at 12.8 percent in April.To curb excessive rises in housing prices, the central government introduced a raft of policies in April, including higher down payments and an end to mortgage discounts.It also encouraged local governments to build more affordable housing to increase the supply of housing for low-income people.On Sept. 29, the government announced further measures to check the continuous rise in property prices, including by banning loans for third home purchases and instituting a 50 percent down payment requirement for second-home purchases and a 30 percent down payment for all first-home purchases.Xue Jianxiong, an analyst with the China Real Estate Information Corporation (CRIC), said the overheated property market will likely cool in the next few months.These government's moves will cause transaction volumes to tumble and ease price-increase expectations, Xue added.

BEIJING, Oct. 14 (Xinhua) -- China and the Democratic People's Republic of Korea (DPRK) Thursday lauded traditional friendship and agreed to step up cooperation between the two countries and two armed forces to a higher level."China and the DPRK have respected and helped each other for years," said Chinese Defense Minister Liang Guanglie, citing consolidated and deepened cooperation and precious friendship between the two countries.Liang made the remarks in his meeting with a visiting DPRK military delegation led by Vice Minister of DPRK People's Armed Forces Pyon In Son.Both China and the DPRK are facing tasks of promoting their own development, and safeguarding common interests and the regional peace and stability, Liang said.China would like to work with the DPRK to strengthen exchanges and enhance coordination for the further development of relations between the two countries and two militaries, Liang added.Pyon told Liang that the DPRK side wishes to further its friendly cooperation with China in various fields and lauded the friendship created by the old generations of leaders of both countries.Pyon said his delegation had witnessed achievements China has made in its socialist construction and military development during the trip.The delegation, invited by Chinese People's Liberation Army (PLA), will also pay a visit to southwest China's Yunnan Province.

BEIJING, Oct. 10 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged the speeding up of industrialization, urbanization and agricultural modernization in the country, repeating the importance of the economic development mode transformation.Li made the remarks during his inspection tour of Nanyang City, central China' s Henan Province, from Oct. 8-9 on the sideline of a symposium on the construction of the gigantic south-to-north water diversion project.He inspected the Tianguan Group, a major biofuel company of the country, and the China Lucky Film Corporation, the nation's largest photosensitive materials and magnetic recording media maker.Chinese Vice Premier Li Keqiang (R) talks with a worker as he visits Henan Tianguan Group in Nanyang, central China's Henan Province, Oct. 9, 2010. Li Keqiang made an inspection tour in Henen on Oct. 8-9.Li said, to achieve China's industrialization and urbanization it is important for regions to develop their own economy according to their characteristics and advantages and to form a modern industrial structure.The moves are also essential to expanding the country's domestic consumption and transforming the economic growth pattern, he noted.After visiting the Costar Group, a high-tech precision optical instrument manufacturer in Nanyang, the vice premier praised the company's efforts in indigenous innovation, saying China's industrialization and corporate development must count on scientific and technological innovation.Further, China should speed up technological progress and innovation and seize a more competitive position in the global race for future development, Li said.As Henan is China' s largest grain producer, the vice premier sent instructions on agricultural production during his inspection tour, stressing to ensure food security for the country.To lay a solid foundation for China's industrialization and urbanization and guarantee food security, Li said, the country must further implement policies that benefit agriculture and farmers, and promote industrial management of agriculture according to local conditions.Li also visited local farmers and instructed local officials to improve people's standards of living.During the country's industrialization and urbanization drive, he noted, more efforts are needed in adjusting the national income distribution system to raise the income levels for farmers, residents living in the underdeveloped central and west regions, and those medium- and low-income groups.

WASHINGTON, Oct. 7 (Xinhua) -- China's growth is a very important force in the global recovery, World Bank Group President Robert B. Zoellick told reporters here on Thursday in response to a Xinhua question.Zoellick made the remarks during a press briefing ahead of the Bank's annual meeting this weekend.Asked what China can contribute to the world development, the president, who just concluded a week-long China tour last month, said China's growth itself is important contribution to the world. World Bank President Robert B. Zoellick hosts a press briefing ahead of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington D.C., capital of the United States, Oct. 7, 2010.China's economy is projected to grow 10.5 percent in 2010 and 9. 6 percent in 2011, driven by domestic demand, according to the biannual World Economic Outlook (WEO) released by the International Monetary Fund (IMF) on Wednesday."China's strong and sustained growth over the past several years has served as a linchpin for global trade, benefiting exporters of commodities and capital goods," said the report.The World Bank chief stressed the importance of new multi-polar economy requiring multi-polar knowledge, with rising economies contributing new experiences to the world.Recovery is happening, but not quick enough to bring enough jobs, and the economic downturn is still hurting people's jobs and lives, said Zoellick."We need a more balanced and sustainable growth," he added.Zoellick also warned of a potential resurgence of protectionism in the post-crisis period. He stressed that protectionism is not a way out, and it may only risk the repetition of mistakes of the 1930s.

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.