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BERLIN, Dec. 21 (Xinhua) -- 2010 is an important year for the development of Sino-German relations. That's as the two countries have made big achievements on politics, economy, culture and society, sending their bilateral relations to a "new historical point."German Chancellor Angela Merkel visited China in July and met Premier Wen Jiabao and President Hu Jintao. During her visit, China and Germany issued the second communique in two countries' history, which was considered a historical event by both sides.The Sino-German relations have entered a new phase, Merkel said. The development of relations between the two countries, she said, are formed on a "completely new basis."Wen said Merkel's visit and the communique have "historical significance" that will help map out the blueprint of bilateral ties and make it stand on "a new historical starting point."The communique contains 28 points, in which both sides pledged to maintain regular contact between their leaders and the mechanism of annual meetings of the premier and chancellor.Both countries stressed to take care of each other's core interests, to enhance their mutual understanding and political trust, and to strengthen dialogues on strategy, law and human rights. They also expressed interest in improving cooperation in the United Nations, international financial institutions and other multilateral organizations.In addition to Merkel's visit, the two countries' leaders met each other during many world events in 2010 to strengthen their mutual trust. In April, Hu met Merkel at the the nuclear summit in Washington. One month later former German President Horst Koehler paid a state visit to China.During Wen visit to Europe in October, the premier changed his route and met Merkel in Berlin. Both sides reconfirmed the communique issued in July. Wen also was invited to co-chair the first round of the Sino-German government consultations in 2011, making Germany the first EU country to hold high-level intergovernmental consultations with China."China and Germany have maintained a strategic partnership and a close bilateral tie, even at the highest political level," the German foreign ministry said.Tight political relations are built on strong and complementary economic connections between China and Germany, the largest trading partner for each other in their respective regions.Sino-German trade has accounted for nearly one third of the trade between China and Europe. According to the latest statistics of China Customs, from January to October, Sino-German bilateral trade reached about 115 billion U.S. dollars, up 35 percent over the same period of last year.The Chinese Ministry of Commerce said Germany has invested in 319 projects, an actual investment of 830 million dollars in China from January to November, while China invested 160 million dollars in Germany at the same period.In the last three years, foreign direct investments (FDI) from China to Germany witnessed a fast development, not only in numbers, but also on quality, professionalism and management, Michael Pfeiffer, CEO of Germany Trade and Invest, told Xinhua in a recent interview."In a long period, there were four to seven FDI projects from China to Germany every year. However, 2008 was a turning point with 21 FDI projects realized," he said. "By 2009, this number has been tripled."At present, there are 800 Chinese enterprises that have set up companies or offices in Germany.To counter the toughest economic crisis after World War II, China and Germany have also taken several stimulus plans to stimulate economies and domestic demand.In 2010, both countries cooperated closely on opposing protectionism, strengthening international financial regulations and preventing global climate change, said Wu Hongbo, the Chinese ambassador to Germany.On issues such as China's market economy status, technology transfer, intellectual property protection, China and Germany have actively listened to each other's concerns and sought solutions.In 2010, China and Germany also made big progress on cultural and social exchanges.The German Pavilion "Harmonious City" received about 4 million visitors at the 2010 Shanghai World Expo and won a top prize there.The activity, "Germany-China Moving Ahead Together," which started in 2006, has greatly enhanced the mutual understanding and friendship between the two countries.This summer, 45 German universities and colleges held China Week to show the charm of the Chinese language and culture, and to help more young Germans understand contemporary China.At the same time, 200 German high school students attended summer camps in China and experienced real Chinese life there.In 2012, China will host "Chinese Culture Year" in Germany.

BEIJING, Jan. 16 (Xinhua) -- China is pinning hopes on its affordable housing programs to cool its red-hot property market in the latest round of campaigns against rising asset bubbles, after the government moved to crack down on market speculation during the past year.Experts held that to increase supplies of affordable housing is the key solution to guide the market toward healthy development and help stabilize prices.During a talk show hosted by China National Radio on Dec. 26, Chinese Premier Wen Jiabao said the government will press forward housing price control and increase the supply of affordable houses for low-income earners.His words came after the government had announced a plan to build 10 million more low-income housing units this year.China is working on a more healthy system that provides housing that meets different demands, after an array of policies, including tighter credit for commercial housing, failed to produce satisfactory results in 2010.In 70 major Chinese cities, home prices rose 0.3 percent month on month and 7.7 percent year on year in November last year, which was the third consecutive month prices rose.China started the construction of some 5.9 million units of affordable homes in 2010, of which 3.7 million were completed, official figures showed.Qin Hong, a researcher with the Ministry of Housing and Urban-rural Development, said the number of affordable homes is still "far from enough", especially as more low-rent homes are needed for China's "sandwich class" families who either are disqualified for low-cost housing or cannot afford the sky-high prices of commercial housing."By attaching more importance to affordable homes and low-rent housing, it seems that the government is leading the market in the right direction," said Zhang Hanya, head of the Investment Association of China.

BEIJING, Dec. 25 (Xinhua) -- Top Chinese political advisor Jia Qinglin Saturday called for strengthening work in cities to assure the nation's ethnic unity is maintained.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), made the call in a written instruction to a seminar held on Friday and Saturday in Ningbo City, Zhejiang Province, to discuss increasing ethnic unity in urban areas.He urged officials to strengthen the management of ethnic work in cities in line with law, ensure decent services to people of all ethnic groups, and promote the education of ethnic unity to realize the prosperity and co-development of all ethnic groups in China.Speaking at the seminar, Vice Premier Hui Liangyu ordered officials of city level governments to properly deal with ethnic issues to speed the progress of national unity.Hui noted that ethnic work in urban areas played a vital part in China's overall ethnic work, and the improvement of urban ethnic work is more important and urgent than ever.He urged all-out efforts be taken to ensure the legal interests of ethnic people and resolve the difficulties and problems they encounter at work and in life in general.

BEIJING, Jan. 18 (Xinhua) -- Foreign direct investment (FDI) into China hit a record 105.74 billion U.S. dollars last year, up 17.4 percent year on year, the Ministry of Commerce (MOC) announced Tuesday.In December alone, China attracted 14.03 billion U.S. dollars of FDI, up 15.6 percent year on year, making it the 17th consecutive month of FDI growth since August 2009.The rapid FDI growth could be attributed to robust development in the service sector and the country's central and western regions, said MOC spokesman Yao Jian.FDI in the service sector rose 28.6 percent last year and that in central and western regions climbed 27.6 percent year on year, Yao said.

BEIJING, Dec. 6 (Xinhua) -- Chinese credit rating firm Dagong Global Credit Rating assessed the sovereign credit rating of Ireland at BBB in its third sovereign or regional credit rating report released Monday.Dagong's credit rating of Ireland is lower than that given by Moody's, Standard and Poor's and Fitch."Dagong made its assessment based on factors such as Ireland's increasing debt level, the administrative capability of its government, economic and financial strength," Dagong Global said.Dagong Global's announcement follows the proposed 85-billion-euro bailout of debt-hit Ireland by the European Union and the International Monetary Fund.Dagong's report also rated four other nations - Finland, Uruguay, Kenya and Sudan.In terms of domestic currency-denominated debt, Finland received the firm's top AAA rating, but with a negative outlook.Uruguay was rated BB-plus while Kenya received a B rating.Sudan was rated C, the nation's first sovereign credit rating.Dagong Global uses a three-level assessment system, with each level containing three sub-levels. For example, AAA, AA and A.The rating agency published sovereign credit ratings in two earlier reports. One on July 11 rated 50 countries. The second on October 20 rated nine countries and regions.Founded in 1994, Dagong Global is a pioneer in the rating of industry, region and sovereign debt. It is also a leading credit rating firm for corporate bonds, financial bonds and structured debt.

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