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BEIJING, Dec. 11 (Xinhua) -- China's consumer price index (CPI), a major gauge of inflation, rose to a 28-month high of 5.1 percent in November, the National Bureau of Statistics (NBS) said Saturday.The growth rate picked up from 4.4 percent in October, according to the NBS. The inflation was driven by a 11.7 percent of surge in food prices, which accounts for one third of the basket of goods used to calculate China's CPI.The year-on-year increase in food prices grew from rises of 10.1 percent in October, 8 percent in September and 7.5 percent in August.From January to November, China's CPI rose 3.2 percent year on year, surpassing the government's target ceiling of 3 percent for the year.The producer price index (PPI) for China's industrial products rose 6.1 percent year on year in November, compared with a 5.0 percent gain in October.
DAMASCUS, Nov. 8 (Xinhua) -- Syrian President Bashar al-Assad and Xu Caihou, vice-chairman of China's Central Military Commission, discussed relations between the armies of the two countries on Monday.Assad expressed his appreciation for China's support of Arab issues and stressed his keenness to pursuing friendly relations with China.Syrian President Bashar al-Assad (L) meets with Xu Caihou, vice chairman of China's Central Military Commission, in Damascus, capital of Syria, Nov. 8, 2010. Xu Caihou arrived in Damascus for an official visit on Nov. 7.For his part, Xu said that China supports the just cause of the Arab states, and backs Syria's efforts to resume sovereignty over Golan Heights and to achieve a comprehensive, fair and lasting peace in the Middle East.The senior Chinese official, who arrived in Damascus on Sunday for a three-day visit, also held talks on Monday with Syrian Defense Minister Ali Mahmoud on cooperation between the Syrian and Chinese armies.
BEIJING, Dec. 30 (Xinhua) -- Top Chinese leaders including President Hu Jintao on Thursday watched Peking Opera at the National Center for the Performing Arts in a gala to celebrate the New Year.Top legislator Wu Bangguo, top political advisor Jia Qinglin, and other senior leaders including Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also watched the performance together with nearly 1,000audience.The programs include excerpts from modern Peking Opera "The Red Detachment of Women" and a series of traditional works.Chinese top leaders Hu Jintao, Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang pose for a group photo with performers after watching Peking Opera in a gala to celebrate the New Year at the National Center for the Performing Arts in Beijing, capital of China, Dec. 30, 2010.The over 200-year-old Peking Opera, which combines instrumental music, vocal performances, mime, dance and acrobatics, was regarded as a cultural treasure of China. It was recognized as an intangible cultural heritage last month by the United Nations Educational, Scientific, and Cultural Organization (UNESCO).
BEIJING, Nov. 27 (Xinhua) -- Chinese Foreign Minister Yang Jiechi on Saturday discussed the latest situation on the Korean Peninsula in phone calls with Russian counterpart Sergei Lavrov and Japanese foreign minister Seiji Maehara.The discussions follow an artillery exchange between South Korea and the Democratic People's Republic of Korea (DPRK) in waters off the west coast of the divided peninsula on Tuesday.During the conversations, Yang said safeguarding peace and stability on the Korean Peninsula served the common interests of concerned parties.Those parties should call on the DPRK and South Korea to exercise calmness and restraint and hold dialogue and make contacts, and not to take actions that would escalate the conflict, he said.He said all parties should work together to help cool the situation as soon as possible and effectively ensure no repeat of such conflict.Meanwhile, the Chinese minister expressed the hope that concerned parties would take a reasonable and pragmatic approach to actively create favorable conditions for resuming the six-party talks.The parties should also commit themselves to establish related mechanisms at an early date to eliminate various factors threatening peace and stability on the Korean Peninsula and in the whole region.Lavrov said Russia agreed with China on the latest situation and was ready to keep close contact with China to help defuse the tensions on the peninsula and create conditions for a restart of the six-party talks.Maehara said that Japan is willing to work together with China to jointly safeguard peace and stability on the Korean Peninsula and push forward the denuclearization process of the Peninsula.During Tuesday's incident, shells landed on South Korea's Yeonpyeong Island near the contentious sea border called Northern Limit Line (NLL). The clash left four South Koreans dead, while damages to the DPRK have yet to be verified.
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.