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LOS ANGELES, Aug. 26 (Xinhua) -- The 2010 U.S.-China Real Estate Summit kicked off Thursday in San Gabriel, Los Angeles with the aim of building relations between top real estate players in the two countries.During the two-day summit, officials from all levels of both countries and experts in real estate-related areas will discuss U. S. economy stimulus, "green" low-carbon housing construction and ways to conduct real estate deals on both sides.Led by China's Real Estate Chamber of Commerce, more than 150 industry leaders from China are attending the summit, entitled " Real Estate Without Borders".Representatives from the U.S. side include Ed Roski, CEO/ Chairman of Majestic Realty, Henry Cisneros, former Secretary of Housing and Urban Development and current Execitive Chariman of CityView, and John Picard, founder of Picard Consulting.Speaking at the opening session, U.S. Congresswoman Judy Chu said great potentials remain to be tapped to promote cooperation between the United States and China in all fields, including the real estate.She said the two countries need to join hands in addressing the real estate problems facing them.These problems cannot be resolved by one side alone, she stressed.Albert Huang, Mayor of San Gabriel, said the summit offered a good opportunity for promoting bilateral cooperation in the real estate."For the first time, this summit brings industry leaders from the two largest economies in the world to discusss collaborations in real estate development and investment," said Huang, who hosted the summit. "It will undoubtedly assist economic development and job growth in our communities during this challenging economic environment."On the sidelines of the summit, guests from China will join dozens of scholars and experts of real estate business and architecture at a roundtable discussion at University of Southern California on Friday.
NANJING, July 3 (Xinhua) -- The population of China, the world's most populous country, is projected to reach 1.39 billion by the end of 2015, with those age 60 or over topping 200 million people, said Li Bin, head of the country's top population policy agency.Li, director of the National Population and Family Planning Commission, released these estimates Saturday during a speech at the annual conference of the China Population Association in Nanjing, capital city of east China's Jiangsu Province.The urban population is projected to be over 700 million over the next five years, for the first time exceeding the rural population, according to Li.She said the increase in the next five years would be based upon the nation's population momentum, which, according to her, would begin to decline after 2015.Population momentum is the tendency of a highly fertile population that has been rapidly increasing in size to continue to do so for decades after the onset of even a substantial decline in fertility.Chinese government statistics show China's population stood at 1.32 billion at the end of 2008, which was about 2.5 times the number in 1949 when the People's Republic of China was founded.To put a hold on the fast growth, the Chinese government adopted a one-child policy in the late 1970s. The policy had helped China's total population increase less than 40 percent between 1978 and 2008, whereas it nearly doubled between 1949 and 1978.However, during the next five years the development of China's population is expected to go through major transitional changes, Li said.China's first boom in its aging population is expected in the next five years, with roughly an average of eight million people turning 60 each year, 3.2 million more than occurred between 2006 and 2010, she said.In the coming five years, the ratio of the population aged 15 to 59 would peak and then slowly fall, whereas the population dependency ratio, a measure of the proportion of the population too young or too old to work, would rise for the first time after over 40 years of decreasing.In general, China would still retain the advantage of a plentiful labor supply and a relatively low population dependency ratio, she said.

BEIJING, July 17 (Xinhua) -- Senior Chinese political advisor Wang Gang met here Saturday with Mario Sepi, president of the European Economic and Social Committee (EESC)Wang Gang, vice chairman of the National Committee of the Chinese People's Political Consultative Conference, said China and the European Union enjoyed sound development momentum of bilateral relationship.Wang, also head of the China Economic and Social Council(CESC), hailed the cooperation between the CESC and the EESC was increasingly closer.Concerning the round table meeting mechanism between the two organizations, Wang said the mechanism had become an important platform for China and the EU to carry out cooperation.Wang Gang (R), president of the China Economic and Social Council and vice chairman of the National Committee of the Chinese People's Political Consultative Conference, meets with European Economic and Social Committee Mario Sepi in Beijing, capital of China, July 17, 2010. The mechanism was established in accordance with the joint statement of the 9th China-EU summit issued in September 2006.The two officials agreed to take advantage of the mechanism to promote the development of China-EU relations.CESC is a national organization offering consulting services on economic and social researches.
BEIJING, Aug. 20 (Xinhua) -- China's insurers felt the side effect of the country's booming auto market -- with operating losses totaling 2.9 billion yuan (427 million U.S. dollars) in 2009.Insurance Association of China said here Friday that its 30 member insurance companies that are engaged in traffic compulsory insurance business underwrote 85.02 million units of vehicles in 2009, up 23 percent from a year ago.Total compulsory insurance premiums rose 21 percent year on year to 66.8 billion yuan (9.84 billion U.S. dollars), according to the association.Meanwhile, the industry handled 11.78 million claims regarding traffic liability mandatory insurance products last year with reimbursements totaling 47.2 billion yuan (6.95 billion U.S. dollars), it said.Offsetting 2.4 billion yuan (353 million U.S. dollars) investment revenue with 18.6-billion-yuan (2.74 billion U.S. dollars) operating costs, the industry posted a loss of 2.9 billion yuan (427 million U.S. dollars) last year, according to the association.Retail sales of China-made autos rose 17.18 percent year on year to 1.056 million units in July this year, raising auto sales in the first seven months to more than 8.24 million units, up 28.58 percent from a year earlier, according to data from the China Automotive Technology and Research Center released earlier this month.
HARARE, June 18 (Xinhua) -- The National Art Gallery of Zimbabwe said on Friday Zimbabwe's stone sculpture on exhibition at the 2010 Shanghai World Expo has particularly proved popular among Chinese visitors.Assistant curator Thomas Pasirai who recently went to Shanghai as an expert to help set up Zimbabwe's exhibition in the African pavilion, told Xinhua in an interview that the Chinese were fascinated by Zimbabwe's stone works."The Zimbabwean pavilion is fantastic and the Chinese are very excited about our pavilion to the extent that we have got some Chinese who are being photographed with some of the life-size stone works while others get excited to the extent of kissing the works," Pasirai said.He said Zimbabwe was in a unique position in that it was one of the few countries that produce stone sculpture different from other African countries."Other African countries do wood work and other materials but with us it is that stone sculpture which is particularly exciting the Chinese," he said.The National Art Gallery shipped about 80 pieces of stone carvings that are on display at the Shanghai Expo. These were sourced from various artists and different studios in the country, Pasirai said.Other products being marketed include basketry, wooden drums and stools.Organizations such as the National Parks and Wildlife Management Authority and the Zimbabwe Tourism Authority are also exhibiting."By the end of this month we will be having exhibitions like trophies and stuffed animals," he said.Pasirai said Zimbabwe's pavilion was exceptionally designed according to the Great Zimbabwe, the amazing ancient ruins from which Zimbabwe derive its name. The ruins, in scripted in 1986 as the UNESCO World Heritage site, is among Zimbabwe's great tourist attractions.The other side of the pavilion shows the mighty Victoria Falls while the other shows pictures of flora and fauna and the different projects being undertaken in Zimbabwe to improve the lives of communities, Pasirai said.He said Zimbabwe was highlighting these projects in keeping with the theme of the Expo, which is "Better City, Better Life" from where Zimbabwe has adapted its theme "Transforming our Communities for A better Life"."We are doing this to enable the Chinese to understand us more. We want them to understand that Zimbabwe is a beautiful nation where they can enjoy the flora and fauna."Zimbabwe is sharing exhibition space with other African countries in the African pavilion where it is neighbors with Zambia and Uganda.There is also a selling bazaar where exhibitors from different African countries are selling their wares.Pasirai commended China for the excellent way it had created the Expo, noting that China's design culture was very advanced.China's promotion of the green environment and the general hygiene on the streets also caught Pasirai's eye who hoped Zimbabweans will emulate some of the hygienic standards in the Asian country."The Chinese do have a culture of management of waste from an individual perspective and I hope our people will learn from them, "he said.Zimbabwe will send about 60 small and medium enterprises to exhibit at the Expo which started in May and ends in October this year. The entrepreneurs will go in batches of 10 per month.More than 200 countries and up to 80 million visitors are expected to descend on Shanghai for the six-month exposition, and Zimbabwe will get a chance on August 11- a national day set for it- to showcase its economic, tourism and business potential to the world.Each participating country will have a day set aside for it to market itself to the outside world.Apart from marketing various products, Zimbabwe has said it will take the Expo as an image building opportunity after years of negative publicity from the Western media.
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