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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.

BEIJING, Sept. 18 (Xinhua) -- Chinese Vice Premier Li Keqiang has urged stepping up government-subsidized rental housing construction for low-income residents.Li made the remarks while attending a conference on gov't-subsidized housing projects in Beijing on Friday.According to the conference, China plans to construct 3 million low-cost rental housing units, transform 2.8 million units of shanty towns, and renovate 1.2 million dilapidated rural houses this year.Chinese Vice Premier Li Keqiang (C) attends a symposium on affordable housing construction in Beijing, capital of China, Sept. 17, 2010.The task for this year is the most ambitious in recent years, Li said, urging various localities to adopt more vigorous measures to ensure the targets are met.Li also urged unswervingly sticking to the regulation and control measures in the real estate market to curb speculation and promote the smooth and healthy development of the sector.

HANGZHOU, Oct. 8 (Xinhua) -- A senior Chinese official has urged members of the Communist Party of China (CPC) working in the country's non-public economic sector to work hard to make their companies into advanced and excellent businesses.The call was made by Li Yuanchao, chief of the Organization Department of the CPC Central Committee, during a two-day study tour to Zhejiang Province, one of the regions where the non-public economic sector has been highly developed, on east China coast.The tour ended Friday.During his stay in Zhejiang, Li visited a number of non-public businesses in two cities of Huzhou and Hangzhou in order to gain a first-hand information regarding how CPC members in those ventures have been doing under a Party campaign which encourages CPC members to excel at their workposts.While addressing a symposium held Friday in Hangzhou, the provincial capity, Li said the non-public sector was "an important force for developing the socialist economy with Chinese characteristics."Li added that Party organizations and its members at non-public enterprises should try to ensure that their firms take a correct orientation of development.

SHANGHAI, Oct. 10 (Xinhua) -- The China Pavilion at the Shanghai World Expo welcomed the 8 millionth visitor Saturday as a senior pavilion official announced its exhibition would run for another six months, beginning Dec.1."The China Pavilion's exhibitions will be extended for half a year beginning Dec.1 to meet people's needs", said Qian Zhiguang, deputy director of the China Pavilion on Saturday.The China Pavilion, named "The Crown of the East", has become increasingly popular since the World Expo open on May 1, with an average of 50,000 visitors daily.However, space restrictions have resulted in many visitors being turned away during the Expo, which closes at the end of October.Further, the China Pavilion is negotiating with local museums which are displaying historical items, to continue showing these national treasures, including bronze chariots and horses from the Qin Emperor, ancient porcelain, and invaluable Chinese paintings from 800 years ago.The China Pavilion is one of the permanent structures that will remain after the World Expo.

SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.