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BEIJING, August 5 -- Property sales across 30 cities in China fell 4 percent in July as prices soared and supplies dwindled with big cities feeling the pinch for the first time this year, analysts said. According to the UWIN property transaction system, the floor space of apartments sold in July dipped 5.37 percent over June to 1.04 million sq m. Statistics put out by the Beijing Real Estate Transaction website showed that sales of forward delivery housing in Beijing fell to 10,862 units last month, compared to 12,840 units in June. Property transactions in Guangzhou fell 36 percent over June. The figure is only half of that of May, said Guangzhou's official property website. "The fall has been triggered by high property prices and shrinking supplies in some cities," said Qin Xiaomei, head of research, Jones Lang LaSalle Beijing. "Property developers have slowed down the pace of new projects in the second half after robust sales in the first half," she said. Property prices in China's 70 major cities were up 0.8 percent in June, the fourth month-on-month growth in a row this year, according to statistics from the National Development and Reform Commission. Beijing and Shanghai reported a month-on-month growth of 0.4 and 1 percentage points respectively in June, with prices skyrocketing to record highs of 2007 in some areas, fueled by strong investment, purchase demand and higher land prices. The high prices have also made most of the prospective buyers wary of making fresh investments. Li Wei, a 29-year-old company executive in Beijing, said he would prefer to adopt a wait-and-see attitude as the high prices have made most of his preferred apartments unaffordable. "The unit price of the apartment has soared to 20,000 yuan per sq m from 14,500 yuan per sq m 40 days ago," Li said. For others like Zhang Li, a property speculator from Wenzhou, Zhejiang province, this is the time to cash in. The apartment she bought in November last year has gained 40 percent in the past six months, largely exceeding her expectations. "I am a bit uneasy with such a rapid increase in such a short period of time," said Zhang, who has property investment experience of more than a decade. "With people's income and economic fundamentals seeing no big change, I think selling the property will be a safer bet." According to Grant Ji, director of Savills (Beijing), a UK-based real estate service provider, the fall in transaction volume is still within a normal band. "July was an off-season for the housing market," said Ji. "With no big shift likely in the macroeconomic policy during the second half, property prices are unlikely see a big fall as the market is still awash with funds," Ji said.
BEIJING, July 24 (Xinhua) -- The Chinese government supports UN's leading role in promoting international cooperation to curb climate change, Premier Wen Jiabao said here Friday. Wen made the remarks while meeting with UN Secretary-General Ban Ki-moon, who arrived here Thursday evening for a four-day visit. Calling the United Nations a core player of the international system, Wen said the organization has played an important role in settling major international and regional issues as well as global challenges. Chinese Premier Wen Jiabao (R) meets with UN Secretary-General Ban Ki-Moon in Beijing , China, July 24, 2009. He assured Ban of continued support for the UN work and the country's contribution to world peace and development. Wen urged the international community to pay close attention to the impact of global financial crisis on developing countries, and to attach great importance to their interests and concerns. Chinese Premier Wen Jiabao (R) meets with UN Secretary-General Ban Ki-Moon in Beijing , China, July 24, 2009."The climate change issue is both an environmental and development problem," Wen said, noting developed countries should offer more concrete help to developing nations in fund, technology and capability building, which helps the sustainable development of the whole world. Ban expressed appreciation over China's long-term efforts in promoting world peace and common development. He said the United Nations hopes to strengthen cooperation with China to tackle global challenges including economic downturn, regional conflicts, climate change and food security. He praised China's efforts in energy conservation and emission reduction. He stressed it is of key importance to stick to the principle of "common but differentiated responsibilities" when responding to climate change, and to take into consideration the interests and voices of developing countries. Ban also expressed hope for a fruitful Copenhagen summit on climate change in December with joint efforts from all parties concerned.
URUMQI, Aug. 4 (Xinhua) -- Seven hundred and eighteen people have been detained for being implicated in the Urumqi riot on July 5 which left 197 people dead and more than 1,600 injured, Urumqi City police chief Chen Zhuangwei said Tuesday. Chen, head of the Public Security Department of Urumqi, capital of the Xinjiang Uygur Autonomous Region, said evidence collection had been a heavy load for the city's police force. It had involved examinations at the crime scenes and DNA evaluations, but it had been carried out swiftly. Chen Zhuangwei (C), head of the Public Security Bureau of Urumqi City, addresses a press conference in Urumqi, capital of Xinjiang Uygur Autonomous Region in northwest China, Aug. 4, 2009. Chen said police had visited more than 1,000 people, including those injured in the riot and families whose members had lost their lives in the unrest. Police had also inspected 530 shops and 943 motor vehicles damaged during the violence. As well, they collected and examined 3,318 pieces of evidence, and obtained 2,169 photos of crime scenes in Urumqi. Chen Zhuangwei, head of the Public Security Bureau of Urumqi City, addresses a press conference in Urumqi, capital of Xinjiang Uygur Autonomous Region in northwest China, Aug. 4, 2009.
XINING, Oct. 3 (Xinhua) -- China will put environmental concerns as top priority in tackling ways to exploit combustible ice, a kind of natural gas hydrate, in the permanent tundra in its northwest plateau region, said a combustible ice project leader. "We do not need to drill very deep to get the flammable frozen compound from tundra here in Muli Prefecture in Qinghai Province. However, as the sample is taken out, methane gas is easily released into the atmosphere," said Wen Huaijun, chief engineer of the combustible ice project in Qinghai. He said the project team under the China National Administration of Coal Geology is carrying out research to guarantee that the exploitation of the frozen natural gas does not cause environmental problems. Combustible ice is regarded as a potential source of alternative energy to coal and oil. One cubic meter of combustible ice can release 164 cubic meters of natural gas. The Ministry of Land Resources said on Friday that the prospective volume of the natural gas hydrate in the country's frozen earth regions is estimated to reach 35 billion tonnes of oil equivalent. China announced the first discovery of the resource under the bed of the South China Sea in May 2007. Wen said the environmental threats from the use of the resource even in a land-based region is enormous, because it releases carbon dioxide or methane into the atmosphere. "The plateau region is very sensitive to environmental changes. The biological conditions here are vulnerable," he said. Combustible ice usually exists in seabed or tundra areas (two mediums having the strong pressure and low temperature necessary to its stability). It can be lit up like solid ethanol, which is why it has the name "combustible ice." Wen said the combustible ice research project has been carried in Muli Prefecture, 4,100 meters above sea level, since 2004. "It still takes time and a huge amount of research investment to realize the dream of exploiting the resource, while ensuring the environment," he said. Wang Jianbin, deputy director of the Qinghai Bureau of Land Resources, said at the present stage, the project focus is still to ascertain locations of the deposit, and carry out a feasibility study on its exploitation.
BEIJING, Oct. 1 (Xinhua) -- A grand evening gala to celebrate New China's 60th founding anniversary started Thursday evening at the Tian'anmen Square when 60 birthday-candle-shaped fireworks exploded into the sky and lit up the vast square. Red, pink, white and orange fireworks shot up into the night sky, lighting up the Tian'anmen Rostrum and 56 giant decorative columns, which were set up on the square to represent China's 56 ethnic groups. Fireworks are seen in the celebrations for the 60th anniversary of the founding of the People's Republic of China, on the Tian'anmen Square in Beijing, capital of China, Oct. 1, 2009 That was the beginning of a 33-minute fireworks feast in the evening. Earlier this month, the Beijing Daily quoted pyrotechnist Ding Zhenkuan as saying that the display would send nearly 42,000 shells into the sky, doubling the number fired at the Beijing Olympics opening ceremony last August. Following candle-shaped fireworks, a teenage boy, standing at the podium for the flag-raising ceremony, played with a trumpet the melody of the song of "My motherland". As the boy was playing the trumpet, more than 4,000 performers gathering under the podium began to play the magic effects of more than 4,000 LED-light-equipped trees. Vice director of the gala, Zhao Dongming, called the performance as "light cube", referring to the well-known Olympic architecture "Water Cube", or the National Aquatics Center. The building, equipped with LED lights, can put on various colors at night. The performers of the "light cube" displayed a rolling effect of the 60 years from 1949, when the People's Republic of China was founded, to 2009. Fireworks meanwhile again shot up and exploded in the night sky, creating the Arabic numeral of "60," symbolizing New China's 60th birthday. Seconds later, a fireworks-armed curtain, standing opposite to the Tian'anmen Rostrum, was ignited and began to explode. The exploding fireworks on the curtain -- 90 meters wide and 25 meters high -- created the sun, river, waterfall and mountains, representing the vast land of China. A grand performance is staged in the celebrations for the 60th anniversary of the founding of the People's Republic of China, on the Tian'anmen Square in central Beijing, capital of China, Oct. 1, 2009