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BEIJING, Dec.23 (Xinhua) -- China is tightening regulation on foreign investment in the real estate sector to crack down on speculation, according to a statement from the Ministry of Commerce(MOC) on Thursday.The ministry urges local authorities to increase checks and supervision on property investment that involved foreign investors and strengthen risk controls on the sector, said the statement posted on the MOC web site.According to the statement, foreign-funded developers are not allowed to make profits through buying and reselling real estate projects, which will be strictly monitored by the MOC along with the Ministry of Land and Resources and the State Administration of Foreign Exchange.The ministry also required local authorities to tighten scrutiny over foreign-funded investment companies and not to allow those companies to enter the real estate businesses, while closely examining the exact amount of foreign funds used in new real estate projects.Foreign direct investment(FDI) into China's property sector jumped 48 percent to 20.1 billion U.S. dollars in the first eleven months of this year, compared to a 17.73 percent growth in the total FDI in the same period, according to earlier MOC data.China introduced a group of measures to crack down on property market speculation and rein in skyrocketing home prices since the beginning of this year, including prohibiting the issuance of mortgage loans for third home purchases and raising down-payments.The government is also guarding against possible "hot money" inflows that might complicate China's policy to fight inflation.Property prices in 70 major Chinese cities rose 0.3 percent in November, month on month, and 7.7 percent year on year, according to the National Bureau of Statistics.

BEIJING, Nov. 19 (Xinhuanet) --Chinese companies Thursday denied allegations by a Zimbabwe trade union that said Chinese construction firms had violated labor laws there by underpaying and abusing local staff.Ge Yizhong, deputy general manager of Zim Nantong Construction, which is currently operating in Zimbabwe, told the Global Times that local workers his company had hired were satisfied with their working conditions, including salaries."There is no ill-treatment of workers at my company. We have provided protective clothing to local workers and pay them according to the regulations set out by the local trade union," he said. "We have adjusted working hours to meet workers' demands. We have raised their pay twice since last year to counter the devaluation of the local currency."Commenting on the allegations against Chinese companies, Ge said competition may prompt local unions to make such allegations, as more Chinese companies are doing business in Africa.His defense comes after the Zimbabwe Construction and Allied Trades Workers' Union accused Chinese construction firms operating in Zimbabwe of underpaying workers, forcing them to work overtime without pay and not providing them with protective clothing and pension contributions, Newsday, a Zimbabwe-based newspaper, reported Wednesday."We would like to warn the Chinese contractors who are operating in Zimbabwe that if they do not follow the laid-down laws, the union is going to take strong action against them," the union's secretary-general, Muchapiwa Mazarura, was quoted by the paper as saying.The construction union also said that the deals that the government entered into with the Chinese should not be compensated by Zimbabwe "donating human resources," adding that inhuman treatment of workers should come to an end, the report said.The Affirmative Action Group, a Zimbabwean lobby group, recently wrote to the Harare Municipality asking local authorities to stop licensing foreigners, especially the Chinese, as they were not bringing any real business to the country, according to the report.The trade volume between China and Africa surged from billion in the early 1990s to a historic high of 6.8 billion in 2008 is expected to top the 2008 figure by end of the year, according to China's Ministry of Commerce.Direct investment from China to Africa grew from million in 2003 to .36 billion in 2009.With growing trade between China and African countries and a surge in Chinese businessmen investing in the continent, disputes between Chinese and local Africans are on the rise.In September, there were two cases involving gunmen in Zimbabwe robbing the sites of Chinese construction groups stationed in the country, resulting in property losses and injuries to Chinese nationals, according to the Chinese Ministry of Foreign Affairs.Last month, Zambian police arrested two Chinese nationals who shot at 11 miners and one onlooker at the Chinese Collum Coal Mine in Zambia, the local Lusaka Times reported.Guo Wenchang, president of the Kenya-based China-Kenya Bicycle Manufacturing Company, told the Global Times that Chinese companies are generally welcomed by local Africans, as the Chinese help create jobs in the countries and boost local economies.Lei Xiaolei, a human resources manager for the Tanzania project office of the China Railway Jianchang Engineering Company, told the Global Times that due to an unfamiliarity with the local rules and culture, his company received dozens of labor-related lawsuits 10 years ago when his company began operating in Tanzania."Salaries are paid monthly in China, but here in Tanzania workers are paid every week. There was a lot of chaos concerning payments, but things are improved, as we have tailored our policy to fit the local rules," he said.Dong Baohua, a Shanghai-based lawyer specializing in labor law, told the Global Times that Chinese companies seeking investment in Africa should not be merely focused on making a profit, but also on understanding the local laws and how the local governments are functioning."Some companies falsely believe they can operate their businesses smoothly in Africa by simply building schools or making donations," Dong said."Though some local regulations may not be sound by themselves, understanding them would give Chinese companies a big edge in achieving success and assimilating into the local environment."

WASHINGTON, Jan. 13 (Xinhua) -- The United States and China must seize the "great opportunity" of cooperation to solve the common challenges facing the world today, said U.S. Commerce Secretary Gary Locke on Thursday."We can be certain that it will be a better future if the Chinese and American governments pursue cooperation over confrontation in the economic sphere," Locke said at a luncheon hosted by the U.S.-China Business Council in Washington.

BEIJING, Nov. 30 (Xinhua) -- Chinese Vice President Xi Jinping Tuesday told the country's Communist Party members to stick to the Party's principles and, with "a true heart," seek benefits for the people.Xi, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks while meeting with Wen Jianming, a grassroots Party official known for his diligent work.Wen, born in 1963, is a Party secretary at Chengnan town in southwest China's Sichuan Province. He has been working in eight villages and towns and was praised by local residents for developing effective methods to boost local development.Further, after contracting cancer and undergoing 19 surgeries, Wen has remained at work."Party members across the country, especially Party leaders and cadres, should learn from Wen's unswerving belief, loyalty to the Party and his passion for working at the grassroots levels," said Xi.

BEIJING, Dec. 4 (Xinhua) - The Municipal Party School in Suzhou City, south China's Jiangsu Province, received a special group of "students" Friday morning for a class on current economic development and future trend.The 46 "students," all freshly-appointed officials of deputy departmental level or departmental level from northeast China's Jilin Province, would soon return home to take office after a two-day visit to local renowned enterprises.They were survivors of one of the nation's public selection campaigns for leading officials this year.In China's northwestern Xinjiang Uygur Autonomous Region, meanwhile, the fiercest-ever competition just entered its final phase. Out of 1134 candidates, only 103 contenders were left after the primary selection - using written exams and interviews, to head for the final 34 departmental level posts.The selection campaigns starting throughout the nation this year were unprecedented in scale and in the number of posts offered, with nearly 400 above deputy departmental level positions open to the public in provinces of Beijing, Zhejiang, Shaanxi, Hunan, Jiangsu, Sichuan, Jiangxi, Shenzhen, Tianjin, Hainan, Guizhou, Jilin, Shandong and Xinjiang.The move displayed the advantage of the public selection system for leading cadres (PSSLC), said Zhuang Yan, deputy head of the provincial Organization Department in Jilin.He said the open selection created a stage for those competent persons, compared with the traditional way to appoint mid-to-top officials only by orders.The province had broken down the identity restrictions by holding out an olive branch to managers from large enterprises, listed companies and financial institutes, as well as so-called "sea turtles," Chinese returnees from overseas.This sent 1,889 candidates from all parts of China, except Hong Kong, Macao and Tibetan Autonomous Region, to the province's written tests."It is unimaginable in the past. Anyone eligible for the registration requirements can attend the departmental level selection exams," said 40-year-old Shen Desheng, a former municipal taxation bureau head and now the newly-appointed deputy head of the provincial taxation bureau in Jilin.