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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, Sept. 29 (Xinhua) -- Senior Chinese leader Li Changchun Tuesday asked the People's Publishing House, China's oldest publisher of books on the Party and politics, to actively use new media to expand its influence. Li, a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, said during a visit to the publishing house that it should invigorate its development. Li Changchun (2nd R, front), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, shakes hands with an old worker during his visit to the People's Publishing House, China's oldest publisher of books on the Party and politics, in Beijing, capital of China, Sept. 29, 2009.Acknowledging the company's achievements, Li said it should increase investment, further reform income distribution and human resources management. He also urged the publisher to raise its international profile by publishing more books on the successful theories and practices of socialism with Chinese characteristics. It would contribute to improving the country's soft power, he said. Li Changchun (3rd L, rear), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, speaks during a symposium during his visit to the People's Publishing House, China's oldest publisher of books on the Party and politics, in Beijing, capital of China, Sept. 29, 2009. The house should endeavor to nurture a group of foreign-language literate talents who not only understood China's national situation, but also had a global view, Li said. He said the house should earnestly implement the gist of the Fourth Plenary Session of the 17th CPC Central Committee that concluded in mid-September. The CPC session decided to expand democracy within the Party and better fight corruption. The People's Publishing House was founded in 1921 and rebuilt in 1950. It is a well-known publisher of works on philosophy and social sciences. Li Changchun (3rd R), a member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, visits an editing room of Marxism-Leninism during his visit to the People's Publishing House, China's oldest publisher of books on the Party and politics, in Beijing, capital of China, Sept. 29, 2009
PLOEN, Germany, Sept. 11 (Xinhua) -- The emissions cut target proposed by developed countries is "unfair" to developing countries, a Chinese expert said Friday. Pan Jiahua, executive director of the research centre for sustainable development of the Chinese Academy of Social Sciences, made the statement in an interview with Xinhua at the Global Economic Symposium (GES 2009) held in Ploen Castle, Schleswig-Holstein, Germany. Developed countries have proposed that the world should cut CO2emissions by 50 percent by 2050, with industrialized countries reducing their emissions by 80 percent. "An 80 percent emissions cut sounds good, when you first hear it. It shows a high profile by developed countries in dealing with climate change", said Pan. However, if developing countries accepted this target, there would be "nearly no space" left for further development in these countries. "At present, the annual per capita CO2 emission of developed countries is 15 tons. By 2050, if 80 percent were cut, the figure will be lowered to 3 tons," Pan said. "The current annual per capita CO2 emissions of developing countries does not reach 3 tons." "Developing countries have to cut emissions by at least 20 percent from the current level to 2.5 tons to reach the proposed target of a 50 percent decrease worldwide. That means, by 2050, the annual per capita CO2 emissions of developing countries will still be lower than developed countries." However, at present, most of developing countries were still undergoing industrialization and urbanization and more infrustructure construction was needed, which meant they had to increase CO2 emissions to keep their development at this stage, Pan said. Developed countries had already passed that period and they could keep regular development with a lower CO2 emission, Pan added. So they should take more responsibility in this respect, said Pan, noting that the proposal would seriously damage the development of developing countries. GES was first held in Ploen, Schleswig-Holstein, Germany in 2008. It aims to identify global challenges, examine their policy and business implications, and formulate concrete actions in response. GES 2009 attracted 351 politicians and experts from all over the world with its main topics including world financial regulation, climate change and global trade.
BEIJING, Aug.3-- China's steel industry association said on Friday that it plans this year to unify the spot and long-contract prices for the country's iron ore imports. It will also set a ceiling for charges levied by import trading firms, as part of an effort to regulate the market. The proposal was the top item of discussion at the steel industry body's two-day semiannual meeting, said Luo Bingsheng, deputy chairman of the China Iron and Steel Association (CISA), at a press conference. The term prices negotiated with global miners should become a benchmark unified price, and the import agencies could charge 3-5 percent in commission on top of the term prices, Luo said. The move aims to regulate excess iron ore import by steel makers and trading firms, which distorted the supply and demand balance and disrupted the annual contract talks, Luo said. The price talks, which are continuing, appeared to be snagged on China's insistence upon bigger reductions than the 33 percent cut agreed to earlier with Japanese and Korean steel mills. News reports and industry analysts say China wants a 40 percent price cut. Luo said foreign iron ore suppliers promoted massive sales on the spot market, leading to huge stockpiles. Spot iron ore accounted for 82.7 percent of imports this year, leading to excessive imports that far exceed actual needs, the CISA said. Luo made the remark as the spot price of iron ore in China surged above the contract prices offered by three large miners - Rio, BHP and Vale. Benchmark spot prices of iron ore in China rose above 0 a ton on Thursday, as compared with a ton in April, according to industry consultant Mysteel. Iron ore imports rose 29.3 percent year on year, to 297 million tons, in the first half of this year, while traders imported 131 million tons, up 90.4 percent from last year. There are 152 iron ore importers in China this year, exceeding the 112 licenses that CISA issued, the association said. Luo said the annual talks were ongoing and CISA would keep working to push them forward. "We are working for a reasonable result and hope to reach a win-win situation," Luo said. "For small steel companies, a unified price system is definitely good news," said Fan Haibo, a steel analyst from Xinda Securities. "Large steel mills and trading companies have made huge profits by selling iron ore to small steel factories who do not hold import license." "But how to define which firms have 'agent license' seems essential. Giving them the privilege is akin to guaranteeing a business always makes a profit," he said.
BEIJING, Oct. 11 (Xinhua) -- If education is the cornerstone for the nation's development, teachers are the cornerstone for education, said Chinese Premier Wen Jiabao in a speech during a visit to a high school in Beijing on Sept. 4 this year. Xinhua News Agency published the 8,000-character speech, entitled "Teachers are Fundamental to the Great Cause of Education", on Sunday. Wen listened five classes and had lunch with students at the No. 35 Middle School, and attended a workshop with teachers of the school. It was a way to show his tribute to teachers ahead of the Teachers Day, which falls on Sept. 10 every year, and also a way to find out the actual situation of teaching, said the outspoken premier who then gave his own comments on what he saw in class. Chinese Premier Wen Jiabao (C) meets with teacher representatives before a symposium at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good job Wen first attended a math class focusing on triangular congruence. He praised the math teacher for her heuristic teaching method when she tried to guide the students to find out the solution by themselves. Being a geologist himself, Wen suggested that students be taught a little bit more in a 40-minute class. After listening a Chinese Language lesson, the premier advised that the teacher should give an introduction on the author of "The Reeds Marshes", one of the works of Sun Li, a well-known Chinese writer. "The teacher was wise to let her students go through the 3,300-character a story on Anti-Japanese War silently in four minutes, in an attempt to train their fast-reading skill," said Wen, who described it a "surprise" to him, because he was never told to do so in his school days. It also a surprise to the State leader that most of the students completed the fast reading and some students were asked to summarize the story by their own. It trained the skills of their logic thinking and summarizing ability, said the premier. He also praised the teacher for her effort in teaching his students about patriotism. The third class was about the method of research, which is unfamiliar with the premier. "After the class, I realized that the class was designed to help students broaden their view," he said. Chinese Premier Wen Jiabao (C) talks with students at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good job.What the teacher and students discussed at the class was the concept of "teaching room". The teacher asked the students to figure out what composes a "teaching room". The premier was a little critical about this class as both the teacher and the students failed to mention the issue of safety of a "classroom", such as the occurrence of earthquake, for instance. At the class, the teacher shunned away from a student's question about ore. The premier once again showed his geological background by suggesting that students be taught something more about the nature. "A teacher is unlikely to know everything, but he can think over the question and give a reply next time," Wen said. After the fourth class on geography, the premier was once again surprised to learn that many of the students had traveled a lot, at home and abroad. Wen found some errors in the geographic textbook, which gives a wrong description about China's geographic regions. "North China" should not include Shaanxi and Gansu provinces and the Ningxia Hui Autonomous Region, which are officially regarded as part of northwest China. The fifth and last was a music class. The teacher first let the students enjoy "We Are the World", one of the best-know works of Michael Jackson. The premier said , "I felt as if it was an artistic training class." The class's topic of love guided the erudite leader to talk about aesthetics and the best-known Chinese aesthetician Zhu Guangqian. At the class, the premier made an improvisation on the issue of love. He also told the students about some Chinese scientists who were well-learned on other subjects such as arts, music and literature . In a discussion with teachers, Wen said China failed to foster enough outstanding talents to meet the needs of the nation. Although the country has fostered a large number of professionals, the number of Chinese scientists who have gained an international reputation is too small, he said. Wen quoted Czech educator John Amos Comenius (1592-1670) as saying, "Teacher is the most splendid profession under the Sun." According to the premier, China had about 16 million teachers, including 12 million elementary and middle school teachers. Wen called for bold reforms in the educational sector. China needs a large number of educators with a penetrating judgement on running schools, said the State leader. Chinese Premier Wen Jiabao (C) plays games with a student at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good job.The premier said education must meet the requirements of its own development law; the requirements of the changes of times, the requirements of the country in building a socialism with China's own characteristics; and the requirements of the "human-based" principle. Teachers should be an "envoy of kindness", an "avatar of sincere love", and an "excellent-character" and "very skillful" educator with a "lofty professional moral", said the premier. He urged teachers to be full of love and loyalty to their cause, be diligent in research and be qualified for their profession, and behave themselves as a model for students. Wen also disclosed that a student had written to him on the issue of students' suicide. The student told him that many students had turned to suicide at a very young age, asking the premier to have a dialog with students on line on Sept. 1, the day for a new academic year. The number of suicidal students has been very small, but "it must draw great attention," Wen said. He urged governments at all levels to support the educational sector and make concerted efforts to improve the working and living conditions of teachers. Chinese Premier Wen Jiabao (R3 2nd Line Back) attends a music class at Beijing No. 35 Middle School in Beijing, capital of China, Sept. 4, 2009. Ahead of China's 25th Teacher's Day, which falls on Sept. 10, Chinese Premier Wen Jiabao has called on teachers across the country to enhance their teaching standards and do a good job.