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BEIJING, April 13 (Xinhua) -- China's housing authorities on Monday urged local governments to put more efforts into the building of low-income housing.The national goal for 2010 is to build 3 million apartments for low-income families, renovate 2.8 million in urban shantytown areas, and expand renovation of dilapidated houses in rural areas, an unidentified official with the Ministry of Housing and Urban-Rural Development (MOHURD) told a teleconference.The ministry urged governments at all levels to strictly implement preferential policies in land provision, funding, tax reduction and credit support for low-income housing projects, to ensure the realization of the annual construction goals.MOHURD also called for efforts to curb the precipitous rise of housing prices in some cities by increasing the supply of small and medium-sized houses and to rein in the speculation on rising house prices.
BEIJING, April 3 (Xinhua) -- China's Purchasing Managers' Index (PMI) of the non-manufacturing sector rose to 58.4 percent in March, a rebound of12 percentage points from February, when the index fell below the boom-bust line of 50 percent for the first time since a year earlier, an industrial association said Saturday.The PMI, designed to provide a real-time snapshot of business conditions, includes a package of indices including new orders, inventory levels, production and others that measure economic performance. A reading of above 50 percent suggests expansion, while one below 50 percent indicates contraction.The rise of the index indicated robust market activities in service sectors, which combined with an optimistic outlook that would encourage private investment and promote healthy and coordinated development of national economy, said the China Federation of Logistics and Purchasing (CFLP) vice president Cai Jin.According to the CFLP survey, the new order sub-index for China's non-manufacturing sector climbed to 54.6 percent last month, up 8.4 percentage points than February. The outlook sub-index was 70.4 percent, up 2.4 percentage points.The CFLP survey covers 20 non-manufacturing industries, including logistics, wholesale, hospitality, supermarkets and construction.The PMI for manufacturing sectors rose to 55.1 percent in March, the 13th straight month that the index was above 50 percent.
BEIJING, April 6 (Xinhua) -- China will introduce resource tax at a "proper" time to promote energy saving and environmental protection, the Ministry of Finance said Tuesday in a statement on its Website.The statement provide little details about the move which is part of the ministry's tasks for 2010 listed in the lengthy statement.The government would stick to the proactive fiscal policy this year, the statement said, adding the ministry would expand investment in agriculture, education, science, medical care, social security, affordable housing, energy conservation and emission reduction.The ministry said it would improve the property tax system, without details. It would also step up efforts to revamp income distribution, aiming at narrowing the yawning wealth gap.
BEIJING, May 1 (Xinhua) -- The 2010 Shanghai World Expo opened on Friday night, attracting the attention of the world and international participation and earning heartfelt congratulations.Some 20 world leaders attended the opening ceremony and toured the Expo, including French President Nicolas Sarkozy and South Korean President Lee Myung Bak.Chinese President Hu Jintao met Prime Minister of the Netherlands Jan Peter Balkenende in Shanghai Saturday.Balkenende spoke highly of the opening ceremony and fireworks and said he was impressed deeply by the China National Pavilion and Sichuan Pavilion he visited Saturday morning.Spectacular fireworks explode over China Pavilion at the World Expo Park during the opening ceremony for the 2010 World Expo held in Shanghai, east China, April 30, 2010.While meeting European Commission President Jose Manuel Barroso in Shanghai Saturday, President Hu thanked the EU for its participation in the Shanghai World Expo, the organization's first presence at a World Expo held outside the EU countries.Barroso said the ceremony was a great event that showcased a modern China and a China that was much respected.He also said the Expo would be conducive to a stronger common understanding between China and the EU.Canadian Prime Minister Stephen Harper issued a statement Friday, saying he expected the Canada Pavilion would show Canada as a modern, democratic and pluralistic country."The Expo itself will provide us with an opportunity to build stronger economic, diplomatic and cultural ties with China as we showcase our country, our arts and culture, and our values," he said.Expecting millions of visitors from around the world over the next six months, he said: "Let us seize this opportunity to promote our country and build closer ties with our trading partners."Rafal Baniak, undersecretary of state in Poland's ministry of economy, said Saturday at a ceremony at the Shanghai Expo to open his country's pavilion that the Polish people wanted to give the world a better understanding of Poland's economic development through the Expo.He added that Poland wished to foster closer economic ties with China.Chairman and CEO of the U.S. Greater China Corporation, John W. Allen, told Xinhua in an email interview after the opening ceremony that "like the Beijing Olympics, the Shanghai Expo is bigger and better than any previous such event and will definitely set the standard for the future."Allen echoed Chinese President Hu Jintao's remarks that the Expo was a "showcase of the best achievements of human civilization.""It serves as a beacon for peace rather than a capacity for war," he said, "The Shanghai Expo will probably become an even hotter topic among Americans as China has once and again stunned the world by showcasing its might and skills of handling such big events."In an interview with Xinhua, Milan's Mayor Letizia Moratti, whose city will host the next World Expo said: "Shanghai Expo will be a monumental exposition, with many magnificent buildings created by architects from all over the world.""We have many things to learn from China's ability to quickly innovate, open to the world and adopt the best technologies," she said while extending her warm congratulations on the opening.
SHENZHEN, May 26 (Xinhua) -- Another employee of Foxconn Technology Group jumped to death Wednesday night just hours after the company chief promised better welfare and local government appealed to young workers to cherish their lives.The latest casualty fell to his death from a dormitory building in a Shenzhen plant at around 11:20 p.m. Wednesday, a witness surnamed Ye told Xinhua over the phone. The death has been confirmed by Foxconn.It was the 10th such death and 12th such fall at the plant in Shenzhen this year. Two Foxconn employees had survived their suicide attempts but sustained severe injuries. President of Foxconn Terry Gou bows for apology after a string of suicides by the company's employees at a plant of Taiwan-based Foxconn Technology Group in Shenzhen, south China's Guangdong Province, on May 26, 2010. Terry Gou said here on Wednesday that the company would prevent such tragedies from happening again. Foxconn is part of Taiwan's Hon Hai Precision Industry Co. and makes computers, game consoles and mobile phones for companies including Hewlett-Packard Co., Sony Corp. and Nokia Corp.Traumatized by the series of tragedies, Foxconn Chairman Terry Gou, the usually media-shy executive, flew to Shenzhen to show off his plant to around 300 Chinese and foreign reporters in order to repair the image of the manufacturing giant, which makes iPods and other popular gadgets.He promised the firm would do everything possible to prevent more deaths. Nets were put on buildings to stop people from jumping, and about 100 mental health counselors were being trained.Gou said Foxconn would also adjust salary for employees in two weeks, and fund the establishment of a hospital to provide professional therapies for employees.