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BEIJING, April 13 (Xinhua) -- House prices in 70 major Chinese cities fell 1.3 percent in March from a year earlier, the National Bureau of Statistics said Monday. The month-on-month figure, however, rose 0.2 percent in March. In the first quarter, the area of commercial houses sold rose 8.2 percent to 113 million square meters and sales jumped 23.1 percent to 505.9 billion yuan (74 billion U.S. dollars), the NBS said. Prices of new houses fell 1.9 percent year-on-year last month but rose 0.1 percent from February. Prices for second-hand houses rose 0.3 percent month-on-month despite of a decline of 0.4 percent from a year earlier. Analysts warned it was still too early to say the property market had revived, as sales were mainly driven by surging credit and by stimulus policies, such as tax cuts. Other indicators, such as land purchases by developers, had shown no signs of recovery. Floor areas of newly built houses in the first quarter tumbled 16.2 percent to 201 million sq m. The decline was 1.4 percentage points more than the January-February figure. Land purchased for homebuilding fell more than 40 percent in the first quarter to 47.42 million sq m, and the actual area developed shrank 11.3 percent to 52.2 million sq m. China Vanke, the country's biggest property developer by market value, reported on April 11 its first-quarter sales rose 21 percent to 12.22 billion yuan. Those of Poly Real Estate Group, the second-biggest, doubled to 6.48 billion yuan.
BEIJING, March 27 (Xinhua) -- Chinese President Hu Jintao said here Friday that the "good situation" in today's Tibet was "hard-earned and should be highly cherished." Hu said during his visit to an exhibition marking the 50th Anniversary of Democratic Reform in Tibet, at the Cultural Palace of Nationalities in Beijing, that the reform 50 years ago was "the most extensive, profound and progressive social transformation in the history of Tibet." All the nine members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee visited the exhibition, including top legislator Wu Bangguo, Premier Wen Jiabao, and top political advisor Jia Qinglin. Chinese President Hu Jintao, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, visits an exhibition marking the 50th Anniversary of Democratic Reform in Tibet, at the Cultural Palace of Nationalities in Beijing, capital of China, on March 27, 2009 The exhibition, opened on Feb. 24, 2009, showcases archives, cultural relics, photos, videos, and restored landscapes that have recorded the great changes Tibet has gone through since 1959, when serfdom was abolished. The exhibits show that Tibet has been a part of China since the Yuan Dynasty (1271 to 1368 A.D.). Also exhibited are scenes of surfs being exploited by their owners in the old times and how they were liberated 50 years ago. The exhibition puts on videos recording the March 14th Riot in Lhasa last year and the major projects the Chinese government has sponsored in the plateau, such as the Qinghai-Tibet Railway and the Tibet Gymnasium. It also includes photos about Tibetan people's lives today. When visiting the exhibition, Hu stressed that, only by staying in the big family of the motherland under the leadership of the CPC, can the economy and society of Tibet develop by leaps and bounds, and the people of Tibet be the owner of the country together with other Chinese ethnics. Tibet should speed up economic development and further improve the living standards of people living there, especially the peasants and herdsmen, Hu said. Hu also said that Tibet should move from being "basically stable" to "peaceful and stable in the long run." The exhibition, co-organized by the State Council Information Office, the State Ethnic Affairs Commission and the Tibet Autonomous Region, has attracted about 137,000 visitors since its opening.

JEJU, ROK, April 4 (Xinhua) -- Li Changchun, a senior official of the Communist Party of China (CPC), unveiled a new Confucius Institute here Saturday soon after his arrival. Li, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, cut the ribbon for the Republic of Korea's 13th Confucius Institute, the Chinese-teaching institution overseas. The institute was set up in Cheju Halla College, the largest private institute of high learning in Jeju Special-Governing Province of the Republic of Korea (ROK). When addressing the opening ceremony, Li said that China and ROK were inter-linked geographically and culturally. "The cultural exchanges boast profound historic foundation and favorable realistic environment," he said. Li Changchun (L2), a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, unveils the Confucius Institute set up in Cheju Halla College, in Jeju, the Republic of Korea (ROK), April 4, 2009During the past centuries, the peoples of China and ROK learn from each other, thus contributing to the development of the colorful culture in East Asia, Li said. "With concerted efforts made by both, I believe that the cultural exchanges between our two countries will see even more vigorous growth, making active contribution to the development of China-ROK strategic and cooperative relations," he said. Jeju is known for its natural scenery and become a major tourist destination for Chinese travelers. "I think the new Confucius Institute can surely add a new human landmark to the beautiful natural vista in Jeju," he said. Li also donated a batch of Chinese language teaching textbooks, books on Chinese history and culture and some audio-video materials to the institute. The world's first Confucius Institute was launched in Seoul, capital of the ROK, in December 2004. By March 2009, some 256 Confucius Institutes and 58 Confucius Classrooms were set up in 81countries and regions worldwide. Li arrived in Jeju earlier Saturday. ROK is the last leg of Li's four-nation tour which has already taken him to Australia, Myanmar and Japan.
BUSAN, South Korea, April 12 (Xinhua) -- Experts from China, Japan and South Korea attending a regional forum here on Sunday called for closer cooperation among the three countries in tackling the global financial crisis. The proposal was made at the fourth session of the Northeast Asia Trilateral Forum, a regional platform with political, business and academic experts from the three countries. Vice President of China's Xinhua News Agency Zhou Xisheng (R), Lee Hong-koo (C), former prime minister of the Republic of Korea (ROK) and Ryoki Sugita (L), head of the Nihon Keizai Shimbun (Japanese Economic News Press), attend the opening ceremony of the Forum of Northeast Asian Prominent Figures, in Pusan, ROK, April 12, 2009. The fourth Forum of Northeast Asian Prominent Figures was opened on Sunday in Pusan. In his speech to the forum, former Chinese vice premier Qian Qichen said that the issues of the financial crisis, energy security, environmental protection and climate change have been interwoven and become global challenges, and no country alone can counter these challenges. China, Japan and South Korea are major forces in maintaining world financial stability and promoting global growth, and the most pressing task is to work together to take every necessary measure to curb the spread of the crisis and mitigate its impact on economic growth and market stability, he said. Vice President of China's Xinhua News Agency Zhou Xisheng (R) talks with Lee Hong-koo, former prime minister of the Republic of Korea (ROK), during the opening ceremony of the Forum of Northeast Asian Prominent Figures, in Pusan, ROK, April 12, 2009. The fourth Forum of Northeast Asian Prominent Figures was opened on Sunday in PusanFormer Japanese prime minister Yasuhiro Nakasone suggested in his speech that experts from the three countries form a group to search for a solution to the world financial crisis. Former South Korean prime minister Lee Hong-koo said the consensus on building new world orders in politics, economy and other fields needs to be more broadly shared so as to better tackle the crisis that all are faced with. The forum will focus on cooperation among South Korea, China and Japan in dealing with the world financial crisis, which will lay a good foundation for the further development of ties among the three countries, Lee said. The Northeast Asia Trilateral Forum is a yearly event cosponsored by the Xinhua News Agency of China, the Nikkei news group of Japan and leading South Korean daily Joong Ang Ilbo, and gathers prominent figures from all walks of life in the three countries. This year's meeting is set to discuss global financial risks, environment, energy and culture.
BEIJING, Feb. 11 (Xinhua) -- China's State Council, or Cabinet, adopted a stimulus plan Wednesday for the shipbuilding industry at an executive meeting chaired by Premier Wen Jiabao. The meeting said shipbuilding is a modern, comprehensive industry that provides technical equipment for transportation, maritime development and national defense. Supporting shipbuilders would also help other sectors, including steel, chemicals, textiles, light industry, equipment manufacturing and information technology, it said. New orders for domestic shipbuilders are expected to fall to 20-30 million deadweight tons in 2009, compared to 58.18 million deadweight tons in 2008, according to the China Association of National Shipbuilding Industry The meeting agreed to increase credit support by an unspecified amount for ship buyers. It also decided to extend the existing financial support policies for oceangoing vessels until 2012. These policies include tax rebates on key imported components for domestically owned oceangoing ships. It said construction of new docks and the expansion of slipways should be suspended for three years to facilitate industrial restructuring. It also recommended investment in research and development of facilities to build high-technology ships and maritime engineering equipment and promote technical innovation. The meeting also approved a draft plan for fighting drought.
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