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BEIJING, Dec.23 (Xinhua) -- China is tightening regulation on foreign investment in the real estate sector to crack down on speculation, according to a statement from the Ministry of Commerce(MOC) on Thursday.The ministry urges local authorities to increase checks and supervision on property investment that involved foreign investors and strengthen risk controls on the sector, said the statement posted on the MOC web site.According to the statement, foreign-funded developers are not allowed to make profits through buying and reselling real estate projects, which will be strictly monitored by the MOC along with the Ministry of Land and Resources and the State Administration of Foreign Exchange.The ministry also required local authorities to tighten scrutiny over foreign-funded investment companies and not to allow those companies to enter the real estate businesses, while closely examining the exact amount of foreign funds used in new real estate projects.Foreign direct investment(FDI) into China's property sector jumped 48 percent to 20.1 billion U.S. dollars in the first eleven months of this year, compared to a 17.73 percent growth in the total FDI in the same period, according to earlier MOC data.China introduced a group of measures to crack down on property market speculation and rein in skyrocketing home prices since the beginning of this year, including prohibiting the issuance of mortgage loans for third home purchases and raising down-payments.The government is also guarding against possible "hot money" inflows that might complicate China's policy to fight inflation.Property prices in 70 major Chinese cities rose 0.3 percent in November, month on month, and 7.7 percent year on year, according to the National Bureau of Statistics.

BEIJING, Jan. 18 (Xinhua) -- Foreign direct investment (FDI) into China hit a record 105.74 billion U.S. dollars last year, up 17.4 percent year on year, the Ministry of Commerce (MOC) announced Tuesday.In December alone, China attracted 14.03 billion U.S. dollars of FDI, up 15.6 percent year on year, making it the 17th consecutive month of FDI growth since August 2009.The rapid FDI growth could be attributed to robust development in the service sector and the country's central and western regions, said MOC spokesman Yao Jian.FDI in the service sector rose 28.6 percent last year and that in central and western regions climbed 27.6 percent year on year, Yao said.

BEIJING, Nov. 11 (Xinhua) - Chinese Vice Premier Li Keqiang said that China will firmly embrace green and low-carbon development ideals and step up efforts in saving resources and protecting the ecological environment.China will strive to transform its economic growth model in a bid to build an energy-saving and environmentally-friendly society, Li said Wednesday at the annual meeting of the Council for International Cooperation on Environment and Development.He said China will promote development of the emerging industries of strategic importance, hi-tech industries and modern service industries, conduct technological innovation on traditional industries and continue efforts in eliminating backward production capacities to maintain a sustainable development.Chinese Vice Premier Li Keqiang (C), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of China Council for International Cooperation on Environment and Development (CCICED), attends the opening ceremony of the 2010 Annual General Meeting of the CCICED in Beijing, capital of China, Nov. 10, 2010. Further, China will ramp up its efforts in sewage treatment and building clean energy facilities, and concentrate on solving prominent environmental problems that affects people's lives, Li said.He also urged protecting the nation' s major ecological conservation areas and facilitating biological diversity.Facing the climate change challenges, the international community should actively work together on the basis of the U.N. Framework Convention on Climate Change and the Kyoto Protocol and under the principle of "common but differentiated responsibilities", and strive for a successful Cancun conference, Li said.

BEIJING, Nov.24 (Xinhua) -- Senior Communist Party of China (CPC) official Li Yuanchao met in Beijing Wednesday with a delegation consisting of members on the third course of the Workshop of the National Executive Committee of the African National Congress (ANC) of South Africa. The delegation was led by Joel Sibusiso Ndebele, Minister of Transport of South Africa.Li Yuanchao, head of the Organization Department of the CPC Central Committee, said the success of the first two workshops held in China brought substantive benefits for both parties. Li Yuanchao (R), a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, a member of the CPC Central Committee Secretariat and head of the Organization Department of the CPC Central Committee, meets with Joel Sibusiso Ndebele, minister of Transport of South Africa, who led a delegation consisting of members on the third course of the Workshop of the National Executive Committee of the African National Congress (ANC) of South Africa, in Beijing, capital of China, Nov. 24, 2010.The CPC was willing to cooperate with the ANC in making a success of future courses and hoped that the two parties would further share views and experiences on governance, to serve expansion of friendly cooperation ties between the two parties and of the comprehensive strategic partnership between China and South Africa, Li said.Ndebele said the ANC attached great importance to holding of the workshop and was satisfied with the results of the former two. He hoped that the third course of the workshop would help deepen exchange of experience in governance between the ANC and the CPC, boost cooperation between the two parties and bring benefit to the peoples of both countries.