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BEIJING, Aug. 18 (Xinhua) -- Wu Bangguo, chairman of the Standing Committee of the National People's Congress (NPC), met on Monday with some foreign leaders here to watch the Beijing Olympic Games.     In his meeting with Ranko Krivokapic, the Republic of Montenegro parliament speaker, Wu said China advocated all nations, big or small, rich or poor, as equal members of the international community. Wu Bangguo (1st R), chairman of the Standing Committee of the National People's Congress (NPC), meets with Ranko Krivokapic (1st L), the Republic of Montenegro parliament speaker, in Beijing, China, Aug. 18, 2008. Ranko Krivokapic is here to watch the Beijing Olympic GamesChina valued its ties with Montenegro and would develop a long-term, stable and all-round relationship, as well as sound legislative cooperation with the Balkan country, he said.     Krivokapic said the Montenegro parliament would enhance its cooperation with the NPC and adhere to the one-China policy. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress (NPC), meets with Abdelaziz Ziari, speaker of the Algerian parliament, in Beijing, China, Aug. 18, 2008. Abdelaziz Ziari is here to watch the Beijing Olympic Games. When meeting with Abdelaziz (Abdul-Aziz) Ziari, speaker of the Algerian parliament, Wu said the Olympics was going on smoothly, and China would honor its commitment to hold an unique and high-standard Games with distinctive features.     He pledged to take the opportunity of the 50th anniversary of China-Algeria ties in the coming year to push forward the cooperation of mutual benefit.     Ziari said the well-organized Olympic Games impressed him and demonstrated what China had achieved in its reform and opening-up drive. The Algerian parliament would further exchanges with the NPC. Wu Bangguo (R), chairman of the Standing Committee of the National People's Congress (NPC), meets with Kono Yohei, speaker of the House of Representatives of Japan's Diet, in Beijing, China, Aug. 18, 2008. Kono Yohei is here to watch the Beijing Olympic Games.When meeting with Kono Yohei, speaker of the House of Representatives of Japan's Diet, Wu said Sino-Japanese relations were at a new start in history and had great potential for further development.     He recalled the Japanese trip by Chinese leader Hu Jintao in May which outlined the future development of the bilateral ties.     He said the NPC would promote cooperation with the Japanese house of representatives through the regular exchange mechanism to push forward the strategic and reciprocal relations between the two countries.     Wu expressed gratitude for Japan's support to the Beijing Games.     Kono said the Japanese house would play a positive role in upgrading the relationship between the two countries.

BEIJING, May 28 -- China's economy can maintain a steady growth above 8 percent for a relatively long period because of a stable society, a vast market and ample capital, said Cheng Siwei, an economist and former vice chairman of the Standing Committee of the National People's Congress.    "China's economy can stay in the fast developing track if we work hard and pay enough attention to existing problems," Cheng said at a three-day forum with the theme of "Economic globalization and the choice of Asia: transition, growth and welfare" Wednesday in Shanghai.     "Social stability is crucial to economic development while China has a market of 1.3 billion people, which creates a huge consumption power," said Cheng. "Meanwhile, China's foreign reserves have reached US.68 trillion, and it has built up an ample capital pool."     China also beefed up its efforts to improve education and expand its coverage, which paved the way for sustainable economic development, he said, but added that there were problems China could not afford to ignore. File photo of Cheng Siwei    One of them was the yawning gap between the rich and the poor. The income of urban residents has tripled that of rural households while the purchasing power in cities was four times larger than that in rural areas.     China faced increasing pressure to protect the environment and in securing raw materials and resources for its economy. It also lacks a large pool of senior professionals in finance and management.     "For example, we buy a lot of the United States treasury bonds. It means appointing them (US bond managers) to manage our assets and we only gained a little bit of interest," said Cheng. "We are trying to work on such problems."     Cheng estimated China's per capita GDP can reach US,000 by 2010, US,000 by 2020 and US,000 by 2049, given its economic expansion and a stronger yuan.

BEIJING, Aug. 12 (Xinhua) -- Prices of real estate in 70 major Chinese cities rose 7.0 percent in July on the same month of last year, 1.2 percentage points lower than the June level, according to the National Development and Reform Commission (NDRC) and the National Bureau of Statistics on Tuesday.     The NDRC, the country's top economic planning organ, said the growth rate had slowed down for six consecutive months.     The price rise was 11.3 percent in January, 10.9 percent in February, 10.7 percent in March, 10.1 percent in April, 9.2 percent in May and 8.2 in June. Visitors view models of apartment buildings in a real estate fair in Jinan, capital of east China's Shandong Province, on April 5, 2008.    In July prices of new housing went up 7.9 percent, 1.3 percentage points lower than the month-earlier level. Haikou, Urumqi, Ningbo and Beijing took the lead in price rises.     Seventeen cities experienced prices fall compared with the month earlier, including Haikou, Dali, Shenzhen and Chengdu among others.     Prices of second-hand houses gained 6.0 percent year on year, 1.5 percentage points lower than June.     New housing for non-residential use was priced 4.9 percent higher than last July, with prices of office buildings up 6.7 percent and those of commercial real estate up 4.1 percent.

BEIJING, June 20 (Xinhua) -- Chinese President Hu Jintao on Friday hailed the 60th anniversary of the People's Daily, the voice of the Communist Party of China (CPC), and extended his salute to all Chinese journalists.     After inspecting the People's Daily, Hu encouraged reporters and editors to innovate their reporting styles and bring into a full play the paper's leading role.     He sent his greetings to the paper's overseas correspondents and asked them to link the transformation of the international situation with China's reform and opening-up. This was to improve the quality and influence of the paper's international reporting. It has 33 overseas bureaus.     Hu, also general secretary of the CPC Central Committee, visited people.com.cn, the online arm of the daily newspaper and a leading news portal in China. Over 11 years of development, the website now received about 100 million visits daily.     He then held his first live online chat with netizens on Friday, telling them divergent voices could be heard in the country. Chinese President Hu Jintao (C) inspects the People's Daily, the voice of the Communist Party of China, in Beijing, capital of China, June 20, 2008. Hu on Friday hailed the 60th anniversary of the start of publication of the People's Daily and extended his salute to all Chinese journalistsHu, who said he sometimes found time to surf the web, said in his chat with netizens, "I try to know through the Internet what people are concerned about and what they think (on a wide range of topics)."     "I'm willing to get an idea on people's complaints of and proposals to the work of our Party and the government.     "The Internet is an important space to know about people's thoughts," said Hu, who revealed the BBS of people.com.cn was his must-visit while surfing the web.     The "BBS" he mentioned was the Qiangguo Forum, with the literal meaning in Chinese of "powering the nation." The virtual-reality forum was initiated by netizens to express anger at the U.S.-led NATO forces bombing of the Chinese embassy in Belgrade in 1999. Since then, the forum has been one of the most popular venues for netizens to speak out.     Hu's four minute live chat with netizens highlighted the recent efforts of the government to directly contact the people.     He told the paper's staff that with the rapid social and economic development it's more convenient and faster now for people to obtain and spread information and the role of public opinion was more significant than ever.     He asked newsmen to stick to the CPC principle, serve the people, constantly reform to enhance influence and strengthen the use of new media in their daily work.Chinese President Hu Jintao (C) inspects the People's Daily, the voice of the Communist Party of China, in Beijing, capital of China, June 20, 2008. Hu on Friday hailed the 60th anniversary of the start of publication of the People's Daily and extended his salute to all Chinese journalists

TIANJIN, Aug. 19 (Xinhua) -- Chinese Vice Premier Li Keqiang on Tuesday urged local officials and enterprises to seize opportunities and persevere in reform and opening-up to achieve stable and fast economic growth.     Efforts should be made to foster new areas of economic growth so as to reach the goal of long-term steady and fast economic development, Li said during an inspection tour from Aug. 18-19 in Tianjin, a north China port city. Li Keqiang (C), Chinese Vice Premier and member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, inspects in Tianjin, north China, Aug. 18, 2008. Li Keqiang paid a visit to Tianjin from Aug. 18 to Aug. 19.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, visited local factories, construction sites, port, commercial and trade service zones and residential districts during his inspection tour.     He urged local officials to speed up efforts to build the Binhai New Area into a northern portal of the country's reform and opening up drive, a base of modern manufacturing and scientific research and application, and an international shipping and logistics center.     The Binhai New Area, a pilot reform zone, consists of the three administrative districts of Tanggu, Hangu and Dagang and eight industrial zones currently under construction.     Li stressed the importance of expanding domestic market demands in boosting economic development in an era of global economic uncertainty. He called for greater efforts to raise Chinese people' income through various channels and actively explore the rural consumption markets. Li Keqiang (C), Chinese Vice Premier and member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, inspects in Huaming Township of Dongli District in Tianjin, north China, Aug. 18, 2008. Li Keqiang paid a visit to Tianjin from Aug. 18 to Aug. 19