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SEOUL, Jan. 25 (Xinhua) -- A trilateral meeting among three Northeast Asian countries is slated for Tuesday in Seoul as the three countries seek to launch a joint research on a free trade pact, Seoul's trade ministry said Monday.According to the Ministry of Foreign Affairs and Trade, the three Northeastern countries are set to discuss on terms of reference on the joint research, as well as the schedule for holding next rounds of dialogue, the ministry said.China, South Korea, and Japan decided at their summit talks on Oct. 10, 2009 to terminate private studies on the issue and to push for a joint research at an administrative level.In addition, the ministry said, the three nations as a follow- up measure agreed to launch the research in the first half of 2010 and to hold a preliminary meeting in Seoul.The private studies on the trilateral free trade pact started in 2003 when the first research was conducted on the macroeconomic impact of the deal, according to the ministry.

ATHENS, Feb. 14 (Xinhua) -- The central Kotzia square, just opposite to the grandiose Athens City Hall, was turned into a small "Chinese corner" on Sunday, as the Chinese community in Greece, joined by thousands of Greeks, celebrated the Chinese Lunar New Year with a magnificent and colorful event.For the first time in Greece, Chinese expatriates hosted an open party to celebrate the Spring Festival, which this year coincided with Valentine's Day and the end of carnival in Greece, their "second mother country" as they described.Greek kung fu students perform lion dance during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010"Spring and Harmony -- One Family, One Love" was the main title of the festivities that brought together thousands of Chinese who work hard and live peacefully in Athens for years and enthusiastic Greeks who wished their new friends "Kali Hronia," which means " Happy New Year" in Greek.Under red lanterns and drawings of Chinese zodiac signs hanging high, Greeks and Chinese enjoyed together a four-hour event which included performances of Greek and Chinese folk music and dances, Tai Ji and Kong Fu presentations, as well as recitation of poems on Spring, friendship and love.Representatives of the Chinese community in Greece present to Mayor of the City of Athens Nikitas Kaklamanis an honorary banner for his hospitality during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010"I thank Greeks for their warm hospitality and I wish Athens and Greece, the birthplace of western civilization, every success and progress in this New Year," said the Chinese ambassador to Greece, Luo Linquan, while addressing the gathering."I wish 2010 will bring hope, love and development to both people," Mayor of the City of Athens Nikitas Kaklamanis said in his address, stressing that friendship and cooperation between Greece and China, two cradles of civilizations in the eastern and western world, flourishes through centuries in the benefit of all.The mayor and the ambassador exchanged wishes in Greek and Chinese and kicked off the event by drawing the eyes of the "lions " of the International Shaolin Kong Fu Federation School of Thessaloniki, who performed the traditional lion dance, spreading joy, and hopefully good luck and happiness to the audience.Greek kung fu students give a performance during a celebration for the Chinese New Year in Athens, Greece, on Feb. 14, 2010.The aim of the whole event was after all, as Xu Weichun, president of the Trade and Commerce Chamber of Chinese in Greece, explained, that Chinese living in Greece will have an opportunity to share with their Greek friends the joy of the coming of spring and new year and express to Greek society a deep gratitude for a warm welcome to Chinese.Many Athenians attending the party were amazed at the expression of love by the Chinese people toward Greece and Greek civilization."Our Chinese friends are full of pleasant surprises. Never in my life would I thought that in the center of Athens I could see Chinese ladies sing Greek folk songs and perform folk dances with such passion," Maria Evangelou, a Greek elementary school teacher, told Xinhua.Businessman Giorgos Konstantinopoulos, a few steps further, was deeply touched by the Chinese community's initiative to donate all the money raised through a lottery to a local center for homeless people. "It is so funny to realize that Chinese people are so similar to Greeks. Full of life and caring, they support fellow citizens in need," he said.Young Tina and Gianna, high school students from Piraeus port, were so excited with the Chinese sounds, food and philosophy they encountered for the first time this Sunday noon, that they are thinking about attending the Business Confucius Institute in Athens to learn more about the language and the culture of China.Nine year old Andreas, who was dressed as a pirate for the carnival, felt sorry he didn't wear a tiger costume. "I heard today that Chinese celebrate the year of the tiger in 2010 and that tiger is the symbol of strength. Much better than a pirate! Maybe next year. Kali Hronia!"

BEIJING, March 5 (Xinhua) -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.The government vowed to keep the debt at "appropriate" level. The total deficit consists of 850 billion yuan in central government deficit and 200 billion yuan in local government bonds, which will be included in local government budgets, reads the report, which was distributed to the media before the opening of the Third Session of the 11th National People' s Congress (NPC). The Third Session of the 11th National People's Congress (NPC) opens at the Great Hall of the People in Beijing, capital of China, March 5, 2010The government will continue to implement the policy of structural tax reductions to expand domestic demand and promote economic restructuring.It will also keep running the package plan for dealing with the global financial crisis, and increase spending to complete work on projects now under construction, improve people's well-being and maintain stability.According to calculation of the Ministry of Finance, the planned budget will take up about 2.8 percent of the GDP.China's fiscal deficit hit 950 billion yuan last year, a record high in six years, but still less than 3 percent of GDP.

TAIPEI, Feb. 15 (Xinhua) -- Taiwan leader Ma Ying-jeou said Monday that the Economic Cooperation Framework Agreement (ECFA) with the mainland is aimed to help Taiwanese people to do business and boost the island's competitiveness.Ma made the remarks in Taoyuan, a northwestern county of the island, at a gathering to mark the Chinese Spring Festival, or Lunar New Year.The ECFA is a wide-ranging economic pact for further normalizing trade and investment ties across the Taiwan Strait, which Ma hopes to sign with the mainland this year to help fuel Taiwan's economic revival.Tariff reduction would promote the sales of goods from Taiwan to the mainland, which will benefit both the Taiwanese businesses and the foreign-funded businesses in Taiwan, Ma said.This will help Taiwan to introduce more foreign investment and grant the island an opportunity to become a hub of economy and trade in the Asia-Pacific region, he said.As the mainland is Taiwan's biggest trade partner, the pact will certainly do more good than harm, Ma said.Ma also attended an ancestor worship ceremony in Majiazhuang, Miaoli County on Monday and said that the ancestors of him and local residents moved from Fufengtang, northwest China's Shaanxi Province, to the island some 2,000 years ago.He also spoke optimistically of the economy situation and expected an economic growth of 4 percent in Taiwan this year.

HAIKOU, Jan. 22 (Xinhua) -- Government plans to make China's southern island province of Hainan an international tourist resort have cut the supply of housing as owners and developers hold out for huge profits.More than 200 property buyers had arrived everyday since the end of last year when the government unveiled plans to turn the tropical island into a top international destination by 2020, said Li Zhuo, a salesman with Rongyu Project in Haikou, the provincial capital.Prices were rising by about 1,000 yuan (164 U.S. dollars) per square meter each day on some properties and properties that had been selling for 15,000 yuan a square meter at the beginning of the year were now asking20,000 yuan, he said.The Shanhuwan real estate project in Haikou had sold 600 of its 643 apartments in two weeks despite prices jumping almost 50 percent, said salesgirl Min Xia.In the popular tourist destination of Sanya, the average price of Shanyuhu project had soared from 13,000 yuan a square meter in November, to 28,000 yuan as of Thursday, and was almost sold out.The tourism promotion blueprint, which was officially announced on Jan. 4 and is expected to be approved by the National Development and Reform Commission, drew real estate developers and investors from home and abroad, driving up the property market to fever and causing property bubble fears."Many home developers and owners suspended sales, expecting higher prices and profits," said Liu Haiyi, assistant general manager of Hainan Jintai Real Estate Development Co., Ltd.In an effort to clamp down on potential speculation, the provincial government on Jan. 15 suspended the leasing of land and approval of projects, which worsened speculation concerns.The suspension was aimed at cooling the overheated sector, but it may have led to a second wave of price hikes, said a property agent surnamed Wu."Sufficient housing and land resources could be provided to fulfill demands of the market and the tourism promotional campaign," Wei Liucheng, secretary of Hainan Provincial Committee of the Communist Party of China, said Tuesday."We will blacklist real estate developers who seriously disturb the property market order and not approve any new land for them," he said.Official statistics show 58,489 commercial homes, totaling almost 6 million square meters, were on the market in Hainan's major cities as of Monday.In the first half of 2009, Hainan had approved development of 3,164.7 hectares of land, including 1,522.65 hectares already under construction, according to the provincial administration of land, environment and resources.Wei said homes for local residents were a priority. The authorities should conduct comprehensive supervision campaigns and work out plans for land approval for residential purposes. Strict penalties should be meted out to those who violated land use and transfer regulations.Hainan is one of the five special economic zones. Agriculture and tourism are its pillar industries.