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ASHGABAT, Dec. 14 (Xinhua) -- Chinese President Hu Jintao's visit to Central Asia has been fruitful, Chinese Foreign Minister Yang Jiechi said Monday.     Hu has reached broad consensus with leaders of Central Asian countries on strengthening political mutual trust, deepening practical cooperation, and promoting communication and coordination in multilateral organizations, Yang told reporters.      CHINA-KAZAKHSTAN STRATEGIC PARTNERSHIP PROMOTED Chinese President Hu Jintao (L) meets with Kazakhstan's President Nursultan Nazarbayev in Astana Dec. 12, 2009. During his visit to Kazakhstan, the Chinese leader reached agreement with his Kazakh counterpart, Nursultan Nazarbayev, on promoting the Sino-Kazakh strategic partnership, said Yang, who was accompanying Hu during his visit.     Hu made five proposals: strengthening political mutual trust, deepening cooperation in the energy sector and other sectors, enhancing financial cooperation, and expanding cultural cooperation.     Hu expressed China's willingness to work with Kazakhstan and support each other on issues concerning their core interests, and push forward practical cooperation in various areas.     Nazarbayev said he highly valued the important role of China's good neighborly foreign policy in promoting peace, security and development in Asia and the world.     The two leaders agreed to further promote practical cooperation between China and Kazakhstan in various fields, and strengthen cooperation in important organizations and frameworks such as the Shanghai Cooperation Organization (SCO) and the Conference on Interaction and Confidence-building Measures in Asia (CICA), Yang said. 

BEIJING, Jan. 7 -- China's central bank Wednesday said it will manage inflation expectations and keep a close watch on the property market through its credit and money supply policies.     In a statement on its website, the People's Bank of China (PBOC) said it would try to maintain ample liquidity in the financial system, and ask banks to lend more evenly, while strictly implementing credit policies in the property sector.     The nation will also take steps to rein in fast-rising property prices and strengthen credit controls for the sector, according to Housing and Urban-Rural Development Minister Jiang Weixin. A customer checking out a model of a real estate project in Shenzhen, Guangdong province. Property prices in China's 70 major cities rose at the fastest pace in 16 months in November    "We should scrap or adjust local property policies launched last year that no longer comply with the current macroeconomic goals," Jiang said.     According to Dong Chen, director of the research institute of Southwest Securities, the government moves on real estate policies indicate that while policymakers are striving to cement the economic rebound, they are also serious in curbing the excessive liquidity in the financial system to allay fears of asset bubbles and inflation.     Property prices in China's 70 major cities rose at the fastest pace in 16 months in November, fueling concern that record lending and inflows of capital from abroad are building up asset bubbles.     "Credit policy is the key to curb the rising property prices, as it would have a direct impact on transaction volumes," said Su Xuejing, an analyst with Changjiang Securities.     "We anticipate more policy tightening in the future like increasing the down payment and mortgage rates for second-home buyers," he said.     Shanghai Securities News said on Tuesday that the government plans to expand trials of a real estate tax, citing an unidentified person close to the State Administration of Taxation.     The anticipated policy changes have also affected the capital market performance of leading realtors. Shares of China Vanke Co, the country's largest listed property developer, have fallen more than 12 percent in the past month on concerns that the measures to cool the property market would impact earnings. Poly Real Estate Group Co, the second largest real estate firm, also saw its shares fall to a four-month low.     Meanwhile, a report from UK real estate service provider Savills said that the tighter credit policies and soaring realty prices have spurred property sales by international investors. Many of the investors had acquired the properties several years back and have been able to get handsome returns now, it said.     "Sales by foreign investors increased from 7 percent in 2008 to 20 percent in 2009," said the report.

SHIJIAZHUANG, Nov. 12 (Xinhua) -- Chinese Premier Wen Jiabao went to the snow-ravaged Shijiazhuang City, capital of north China's Hebei Province, by train on Thursday afternoon to oversee relief work.     In a work conference held while on the train from Beijing to Shijiazhuang, the Premier urged authorities to put people's livelihood as top priority when dealing with the snow and blizzards. Chinese Premier Wen Jiabao (R) speaks during a meeting held on the train as he travels to Shijiazhuang, capital of north China's Hebei Province, Nov. 12, 2009. Chinese Premier Wen Jiabao went to snow-ravaged Shijiazhuang on Thursday afternoon to oversee relief work.Noting that China was in a critical phase to deal with the global financial crisis and the A/H1N1 influenza, Wen called for stepped-up efforts to mitigate negative impacts the blizzards imposed on people's lives.     Authorities should ensure the supply of heating, gas, water, power and other necessities to the public, ease traffic jams in the cities, and strengthen monitoring and control over commodity prices in order to safeguard people's livelihood, he said. Chinese Premier Wen Jiabao (front) inspects the disaster situation at a border section between Hebei and Shanxi provinces on the Shijiazhuang-Taiyuan expressway, in north China's Hebei Province, Nov. 12, 2009They must also ensure supply of coal, power and fuel for production purposes, he said, adding that regions that had not been affected by the snow and blizzards so far should also make preparations for possible bad weather.     Local government should perfect their emergency plans in accordance with the changing weather conditions, and ensure proper implementation of the plans at grassroot levels.     He urged relevant authorities to cooperate with each other and do a better job when making weather forecasts. Chinese Premier Wen Jiabao (L, front) shakes hands with a worker during his inspection in Xijiao Heating Co. Ltd. in Shijiazhuang, capital of north China's Hebei Province, Nov. 12, 2009.Upon arrival in Shijiazhuang, Wen visited passengers in the waiting room of the city's railway station.     He also went to a border section of the Shijiazhuang-Taiyuan expressway between Hebei and Shanxi provinces to visit stranded passengers on the Shijiazhuang-Taiyuan expressway and to inspect the disaster situation.     The premier asked local authorities to provide food and water to the stranded passengers, and to make sure the expressway resume function as soon as possible. Chinese Premier Wen Jiabao gets on a stranded truck at a border section between Hebei and Shanxi provinces on the Shijiazhuang-Taiyuan expressway, in north China's Hebei Province, Nov. 12, 2009

BEIJING, Nov. 20 (Xinhua) -- Profits of China's state-owned enterprises (SOEs) administered by the central government more than doubled in October from a year ago after months of declines, a senior official said here on Friday.     The 132 central SOEs reaped a profit of 79.5 billion yuan (11.64 billion U.S. dollars) in October, up 151 percent year on year, said Huang Shuhe, deputy director of the State-owed Assets Supervision and Administration Commission (SASAC) at the 2009 Annual CEO Forum.     In October, revenues surged by 22 percent from a year ago to nearly 1.16 trillion yuan, Huang said.     Their profits during Jan-Oct was 633.8 billion yuan, while revenues amounted to 9.83 trillion yuan during the same period.     Huang also noted 24 central SOEs had entered the rank of Fortune 500 companies.     "China's companies still face difficulties and great challenges due to roaring raw material prices, huge environmental pressure and rampant protectionism triggered by the financial crisis," he said.     He said the companies should further enhance independent innovation, improve corporate governance and accelerate the pace of "go global" to compete with foreign brands.

BEIJING, Dec. 12 (Xinhua) -- China should take more forward looking and preemptive measures to fight inflation expectations following this year's credit boom and runaway property prices, said a report released by a leading Chinese bank.     Bank loans should be extended at a more reasonable pace with improved structures next year and policy fine-tuning is necessary, the Bank of Communications has said in a report released by its financial research center.     The government should maintain the continuity and stability of its monetary policy and meanwhile be more targeted and flexible, it said.     The report noted an over brisk equity and property market are always prelude of inflation. Money flow should be regulated to prevent asset bubbles.     It also suggested government increase supply of land resources and affordable housing and crack down on land enclosure to curb skyrocketing property prices which gained the most in 14 months in November.     CPI, the main gauge of inflation, jumped 0.6 percent in November from a year ago, the first monthly growth since January, because of lower statistical bases and rising food prices.     The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier.     The report expected PPI to end monthly drop in December, and the annual CPI decline to narrow to 0.8 percent.     Hyperinflation is unlikely and CPI is predicted to rise four percent next year, it said.