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BEIJING, June 12 (Xinhua) -- Chinese Vice Premier Li Keqiang has said that low-rent and affordable housing construction should be sped up to meet people's basic demands for living.The construction of public low-rent housing seeks to offer middle and low-income urban residents with adequate housing and affordable rents. This not only helps curb skyrocketing property prices in some cities, but is also conducive to bridge the income gap and assist in urbanization, Li told a national meeting which concluded on Saturday.While speaking at the two-day meeting, Li urged local authorities to create favorable taxation and financing policies to support such housing programs.He noted that private capital is also welcome to join the mission to diversify fund raising channels. Li urged different localities to explore their own methods based upon their unique conditions to carry out housing construction.Li also said that the construction and distribution of low-rent housing should be transparent and fair.Exorbitant housing prices in some cities have become a major complaint of Chinese citizens. Home prices in 70 large and medium-sized cities rose by 12.4 percent year on year in May, the National Bureau of Statistics said this week.However, the growth rate was 0.4 percentage points lower than that of April, as property sales in major big cities dropped following a string of government measures to rein in prices.
SHANGHAI, Aug. 8 (Xinhua) -- The Shanghai World Expo marked its 100th day Sunday, with the first group of visitors arriving as early as 4 a.m.Some, like Ni Dan from eastern Jiangsu Province, even chose to stay overnight in front of the Expo Park entrance to guarantee obtaining tickets to some of the most popular pavilions.Ni, 20, and two of his classmates were the first visitors entering the Expo Park Sunday.Ni said, "We chose to visit Expo today for three reasons: it's the Expo's 100th day; it's the second anniversary of the Beijing Olympic Games; plus it's the eighth day of the eighth month, which is considered by many an auspicious number."Sitting on the ground or on 10-yuan (about 1.5 U.S. dollars) plastic folding stools newly purchased from vendors, people chatted, played cards or meditated to reserve energy for a very long day of waiting, walking, viewing and waiting again.Nearly 38 million visitors, about 95 percent of whom are Chinese and nearly 80 percent are non-Shanghainese, have come to the Expo Park since its opening on May 1, and an average of about 450,000 visitors came to the Expo Park per day in August, equal to the population of a mid-level Chinese county, according to the Expo bureau.The bureau also said shuttle buses in the Expo park have carried nearly 100 million visitors since the Park's opening, as the buses were out on a run every 14 seconds.
BEIJING, June 13 (Xinhua) -- The 4th China International Private Equity Forum saw contractual agreements worth 15.5 billion yuan signed, before it closed in north China's Tianjin Municipality Saturday.The forum, which aimed at providing introduction services between investors and enterprises, attracted 729 private equity funds from 36 countries and regions.
HOHHOT, Aug 16 (Xinhua) -- Xu Caihou, vice chairman of China's Central Military Commission, urged Chinese armed forces, on Monday, to constantly intensify their military training to improve their combat capability during an inspection tour to forces stationed in Inner Mongolia.He further called for continued efforts to transform military training based upon mechanized warfare to that based on information warfare, which he said was a necessity to building an army that could win battles in modern warfare.The starting point of, and the key to transforming military training, is to strengthen training aimed at achieving electromagnetic dominance, he said.He urged all-level committees of the Communist Party of China within the armed forces to enhance the leadership of military training and uphold its core status.