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BEIJING, March 5 (Xinhua) -- Chinese Premier Wen Jiabao on Friday reiterated determination to curb the excessive growth of home prices in major cities and satisfy people's basic need for housing.He made the pledge while delivering a government work report to the Third Session of the 11th National People's Congress(NPC), China's top legislature, which is the latest demonstration of the government's determination to tame the runaway home prices.Driven by record bank lending and favorable tax breaks, China saw a sharp residential property price hike nationwide in the past year, triggering heated public complaints and fears of possible assets bubble.China's home prices in 70 large- and medium-sized cities, a housing price trend barometer, climbed 9.5 percent in January 2010 from a year earlier, the fastest growth in 19 months. Chinese Premier Wen Jiabao delivers a government work report during the opening meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2010Wen promised an increased supply of low-cost housing and common residential houses, restraining of speculative purchase, tighter land use management and stricter control of bank credit.A total of 63.2 billion yuan (9.25 billion U.S.dollars) will be spent by the central government in low-income housing in 2010, an increase of 8.1 billion yuan, or 14.7 percent over last year, Wen said.The government will also build 3 million housing units for low-income families and renovate 2.8 million shanty units, he said.Wen's remarks indicate the government's regulation target in the real estate sector this year, which will emphasize on satisfying demand of mid- and low-income families while ensuring a healthy development of the market, said Gu Yunchang, vice president of China Real Estate Research Association."To curb the excessive growth of home prices is a must for the healthy development, or else the foaming market would bring destructive consequences to the industry," said Gu.China's central and local governments has begun to take moves to deflate the housing bubble since late last year, including reimposing a sales tax on homes sold within five years of their purchase and raising down payment requirement for families buying a second or more houses with bank loans.In another move to cool the property market, the People's Bank of China, the central bank, announced twice within a month to raise the deposit reserve requirement ratio earlier this year.During an online chat with the Chinese Internet users last week, Wen expressed his confidence in the government measures in response to complaints over soaring home prices."It is the government's responsibility to guide the property market. I am confident that the government will ensure the healthy development of the property market," he said.

BEIJING, March 6 (Xinhua) -- A 17 percent year-on-year increase in China's broad money supply, and a target of 7.5 trillion yuan (1.1 billion U.S. dollars) for this year, indicated a relatively easy monetary policy, said Su Ning, deputy governor of the People's Bank of China, the country's central bank.Speaking on the sidelines of the ongoing annual session of the top legislature, the National People's Congress (NPC), Su said the 17 percent increase in the nation's broad money supply was larger than the combined increase of targeted GDP and CPI growth, which suggested an "easy" monetary policy."If M2 (the broad measure of money supply) growth is 2 to 3 percentage points higher than the combined growth of GDP and CPI, the monetary policy could be seen as easy," said Su.Chinese Premier Wen Jiabao said Friday, in the government work report submitted to the NPC, that China targeted an approximate 3 percent rise in consumer prices and 8 percent GDP growth this year.Su further believed the 17 percent increase in the broad money supply would be able to support the ongoing economic recovery throughout the country.China's financial institutions lent a record 9.6 trillion yuan in new yuan-denominated loans last year, almost double that of the previous year, to spur the economy amid the global downturn, but it was accompanied by soaring property prices and rising expectations of possible inflation.Su said the 7.5 trillion yuan in new lending this year should speed up completion of projects under construction, rather than support new projects.

SHANGHAI, Jan. 22 (Xinhua) -- China's top political advisor Jia Qinglin Friday asked Shanghai, the economic center of the country, to upgrade its growth pattern through technology innovation and environmental protection.In a working tour in Shanghai, Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, said the city should use the upcoming World Expo as a "historical chance" to readjust its growth model and strive for stable and relatively fast economic growth. Jia Qinglin (front), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects the control center of Yangtze River Bridge-tunnel in Shanghai municipality of east China, Jan. 22, 2010The city on Thursday held the 100-day countdown for the six-month-long mega event.Jia stressed the importance of industrial upgrading, brand marketing, research and development during visits to a shipbuilding factory of the China State Shipbuilding Corporation and the Shanghai Zhenhua Port Machinery Co. Ltd.. Jia Qinglin (front L), chairman of the National Committee of the Chinese People's Political Consultative Conference, inspects Shanghai Zhenhua Port Machinery Corp., in Shanghai municipality of east China, Jan. 22, 2010.

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BEIJING, Jan. 25 (Xinhua) -- China restated on Sunday its resolute opposition to claims that the government was involved in cyber attack and vowed to enhance cooperation with international community to fight against Internet crimes."Accusation that the Chinese government participated in cyber attack, either in an explicit or inexplicit way, is groundless and aims to denigrate China. We firmly opposed to that," spokesman of the Ministry of Industry and Information Technology told Xinhua in an exclusive interview on Sunday."China's policy on Internet safety is transparent and consistent," he said.Internet security was a global concern which required international coordinated efforts. China was willing to deepen cooperation with other countries and learn from their experiences to make Internet a better place, he said.The spokesman's remarks came nearly two weeks after search engine giant Google said it might quit China citing disagreements with government policies and unidentified attacks targeting Google's services in China."China is the biggest victim country of hacking as its Internet has long been facing severe threats of hacker and online virus attacks," the spokesman said.Official data showed more than one million IP addresses were under control by overseas sources and the number of Web sites tampered by hackers exceeded 42,000 last year.The widespread Conficker worm virus infected 18 million computers per month in 2009, the most in the world, or 30 percent of the global total infected.According to the Internet Society of China, the number of cyber attacks from abroad saw a year-on-year increase of 148 percent in 2008.They not only affected a large number of netizens but also sectors of finance, transportation and energy, which posed severe harm to economic development and people's lives, the spokesman said.He noted the Chinese government had issued various regulations and launched many Internet safety campaigns against the attacks.The National Computer Network Emergency Response Technical Team dealt with more than 1,000 Web accidents in 2009 and helped recover economic losses for many banks and E-business Web sites.China has also taken part in the Internet safety emergency drill organized by the ASEAN countries for many times, and signed cooperation pacts with member countries of regional organizations in Asia.

YAOUNDE, March 24 (Xinhua) -- China's top political advisor Jia Qinglin on Wednesday discussed with Cameroonian President Paul Biya the ways to lift the two country's bilateral relationship to a new height in Yaounde, capital of Cameroon."As developing countries, it is in the fundamental interests of China and Cameroon to seek bilateral friendly cooperation," Jia told Biya in their hour-long talks at the Presidential Palace Wednesday noon.Jia, chairman of the National Committee of the Chinese People's Political Consultative Conference, was making a three-day official visit to the central African nation. Jia Qinglin (L), chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), receives a medal from Cameroonian President Paul Biya after their meeting in Yaounde, Cameroon, March 24, 2010Jia and Biya reviewed the progress of bilateral relationship since the two countries established diplomatic ties in 1971, particularly the significant improvement after the China-African Cooperation Summit in 2006.To further China-Cameroon relationship, Jia proposed the joint efforts in cementing political foundation, widening economic cooperation, deepening people-to-people exchange and increase coordination on international issues.Biya echoed Jia's proposal, saying his country would like to work more closely with China in those fields.Jia thanked Biya and his government for their efforts to free the Chinese sailors kidnapped in Cameroon early March.On broader China-Africa relationship, Jia said China was committed to implementing the new eight measures introduced by Chinese Premier Wen Jiabao last November in Egypt, which also include debt cancellation, agriculture production, infrastructure, education."China would like to listen to the suggestions of Cameroon and other African countries on carrying out those measures in a bid to generate more benefits for African people at an early time," Jia said.Biya said Africa-China cooperation was characterized by equity, mutual benefit and common development, which had brought substantial benefits to African nations.The president said his country would support China's policy and initiative on Africa.After their meeting, Jia and Biya witnessed the signing of a number of cooperative deals between the two countries.Earlier Wednesday, Jia visited a multifunctional stadium in downtown Yaounde which was financed by China.At the landmark stadium, the largest of its kind in central Africa, Jia watched local people play table tennis and stage the performance of Chinese kungfu.Jia, who arrived in the capital of Cameroon on Tuesday afternoon, held talks with President of National Assembly of Cameroon Cavaye Djibril and delivered a key-note speech on China- Africa relationship.Jia will leave for Namibia on Thursday to continue his 10-day African tour.

YINCHUAN, Feb. 27 (Xinhua) -- Chinese Vice Premier Li Keqiang called for more efforts to promote the development of China's west region on Saturday.Li made the remarks during an inspection tour in the west Ningxia Hui Autonomous Region."Expanding domestic consumption is key to economic restructuring which is crucial to accelerating the transformation of economic development mode, a strategic task for China at present and in the long run," Li said.Chinese Vice Premier Li Keqiang talks with villagers during an inspection tour in Ningxia Hui Autonomous Region, Feb. 26, 2010Advancing the development of west China is conducive to boosting domestic consumption, adjusting the structure and raising the level of economic development, given the region's vast area and great demand potential, he said.

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BEIJING, Feb. 3 (Xinhua) -- Chinese economists are again concerned about the value of the country's dollar-denominated assets after the U.S. government's budget plan unveiled Monday forecast a record deficit for 2010.The economists are worried that, if the Congress approved the budget plan, the U.S. federal government will issue more bonds and print more money to finance the deficit, which may prompt dollar depreciation. Dollar depreciation erodes the value of China's holdings of dollar-denominated assets.The same fears took hold almost one year ago when the U.S. government said it would issue up to 2.56 trillion U.S. dollars of treasury bond debt to stimulate the economy to get through the recession.This time the budget deficit is larger. The Obama administration on Monday proposed a budget of 3.83 trillion U.S. dollars for fiscal year 2011 with a forecast deficit of 1.56 trillion U.S. dollars in 2010.The planned fiscal deficit is 10.6 percent of gross domestic product (GDP) - up from a 9.9 percent share in 2009 - the largest deficit as measured against GDP since the second world war.He Maochun, director of the Center for Economic Diplomacy Studies at Tsinghua University, said the deficit would be financed by those holding U.S. dollar-denominated assets with the main channel to transfer the risks caused by the deficit being the issuance of U.S. treasury bonds.The U.S. is already in enormous debt, with Treasury data showing public debt topping 12 trillion U.S. dollars in November last year, the highest ever.To pay for the deficit, the U.S. federal government will borrow 392 billion dollars in the January to March quarter of 2010, according to a Treasury Department statement released Monday. It will then issue 268 billion U.S. dollars of treasury bonds in the second quarter.Experts said the record deficit suggests the federal reserve will continue to flood more money into the market. The massive issuance of treasury bonds, the large fiscal deficit and the printing of the dollar will prompt further declines in the value of dollar, they said.In 2009, the greenback depreciated against major currencies by 8.5 percent, according to China's State Administration of Foreign Exchange (SAFE).China is the biggest foreign holder of the U.S. government debt. As of the end of November last year, China held 789.6 billion U.S. dollars of U.S. treasury bonds. Moreover, more than 60 percent of China's 2.399 trillion U.S. dollar stockpile of foreign exchange reserves - the world's largest - is in dollars.Cao Honghui, director of the Financial Market Research Office of the Chinese Academy of Social Sciences (CASS), a government think tank, said the massive U.S. deficit spending and near-zero interest rates would erode the value of U.S. bonds.The U.S. government should not transfer the problems of enormous debt to other nations or regions that are creditors like China, he added.The SAFE said in a statement in December 2009 that China would diversify its foreign exchange reserve holdings - both currencies and securities - to reduce risk.Liu Yuhui, an economist with the CASS, said late last month China may scale back its purchases of U.S. debt on concern the dollar will decline.China trimmed its holdings of U.S. government debt by 9.3 billion U.S. dollars in November last year - the biggest cut in five months - taking them down to 789.6 billion U.S. dollars.Ding Zhijie, associate dean at the finance school at the University of International Business and Economics, said China had been securing its investment value by using its foreign exchange reserves for imports and acquisition in 2009."More reserves should be used for investment in materials and resources, which can reduce the risk," he said, adding that he expects the purchasing spree to continue this year.The deficit is expected to ease slightly to 1.3 trillion U.S. dollars in 2011, but that still represents 8.3 percent of 2011 GDP.But Ding said it is necessary for the U.S. to keep its powerful fiscal stimulus policy in place, as the economic recovery is fragile and remains uncertain.The U.S. economy shrank 2.4 percent in 2009, but the U.S. government is projecting GDP growth of 2.7 percent in 2010 and an unemployment rate average of 10 percent.Zuo Xiaolei, chief economist at China Galaxy Securities, said the U.S. had no choice but to rely on massive government spending to ensure the economic recovery.The budget deficit will pump money into the economy and generate jobs, which in turn will generate greater tax revenue that can help pay off the debt, Zuo said."But there is still a risk the policy will fail and that debt will grow beyond the government's ability to pay," in which case the entire global recovery will be threatened.

BEIJING, Feb. 11 (Xinhua) -- Chinese Vice Premier Li Keqiang Thursday called for greater efforts in boosting maritime activities, especially scientific expeditions to polar regions and the oceans.Li extended New Year's greetings via video signals and phone calls from Beijing Thursday to members who have been performing scientific expedition missions in oceans and polar regions.He also emphasized the importance of integrating domestic development and opening-up, serving the nation and benefiting mankind."Human activities have been spreading at an even faster speed from land to seas and oceans, polar regions, outer space. More and more people have got to know the important effects of the Antarctic, the Arctic and oceans on the global environment and development, "said Li,"a growing number of countries are eyeing the economic and scientific resources hidden there." Chinese Vice Premier Li Keqiang (2nd R) salutes to members of Chinese exploration teams at the Antarctica, the Arctic and on the ocean through video telephone at the State Oceanic Administration in Beijing, China, Feb. 11, 2010Li called on scientific expeditionists and maritime workers to continue to carry forward fine traditions and make greater efforts in furthering scientific expedition and research capabilities. He also emphasized the importance of fostering a professional team to advance the expedition activities to the polar regions and oceans. Chinese Vice Premiers Li Keqiang (front C) visits the State Oceanic Administration in Beijing, China, Feb. 11, 2010.China has set up three stations in the Antarctica and an Arctic station known as "Huanghe". China's 26th Antarctic expedition team began its journey Oct. 11 from Shanghai, with participation of 251 scientists, workers and crew members. The expedition will end April 10.

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BEIJING, Feb. 3 (Xinhua) -- China has decided to start public hospital reform with pilot programs in selected cities or districts in each province, autonomous region and municipality, according to a cabinet guideline passed Wednesday.The guideline on public hospital reform was discussed and approved by an executive meeting of the State Council chaired by Premier Wen Jiabao.The public hospital reform is aimed to establish a reasonable, effective and optimized medical service system, and to fully motivate all medical workers to provide the public with safe, effective, convenient and affordable medical services, according to a statement issued after the meeting.It was stressed at the meeting that public hospitals must retain its orientation of serving public interests and giving top priority to people's health.According to the statement, a coordination mechanism should be established between big public hospitals and grassroots medical service institutions so that they could cooperate with each other with proper division of labor.The management system of public hospitals should also be reformed so that operation and supervision of the hospitals are conducted separately, it said.The quality of public hospitals' medical services should be improved, whereas their incentive mechanism of income distribution should be perfected, the statement said.Public hospitals should also gradually quit profiting from drugs and rely on medical service charges and government subsidies.The guideline also encourages non-governmental sectors to invest in and set up non-profit hospitals.

BEIJING, Feb. 3 (Xinhua) -- Chinese Premier Wen Jiabao pledged Wednesday to continue China's support to Jamaica's economic development, saying the two sides should expand cooperation in infrastructure construction, mining and tourism.Wen made the remarks when meeting with his Jamaican counterpart Bruce Golding. Chinese Premier Wen Jiabao (R) shakes hands with Jamaican Prime Minister Bruce Golding at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010. "As the international financial crisis has posed severe impact on China and the Caribbean states, we should help each other, enhance cooperation, and jointly cope with challenges so as to consistently boost our friendly ties," Wen said.China's trade with Jamaica slipped by some 30 percent to 219 million U.S. dollars last year. However, China's imports from Jamaica nearly tripled year on year, according to Chinese custom figures. Chinese Premier Wen Jiabao (front R) holds a welcoming ceremony for visiting Jamaican Prime Minister Bruce Golding (front L) at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010.He called on the two sides to bolster cooperation in infrastructure construction, mining industry and tourism, and said China is ready to support more cultural, educational and sports exchanges with Jamaica."Jamaica is one of the first countries in the Caribbean region to establish diplomatic relations with the People's Republic of China, it always adheres to the one-China policy, and the two peoples have friendly feelings toward each other," Wen told Golding, who is on his first official visit to China. Chinese Premier Wen Jiabao(3rd L) talks with Jamaican Prime Minister Bruce Golding(3rd R) at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010Wen pledged to boost exchanges with Jamaica at various levels, enhance coordination on international affairs and jointly safeguard the interests of developing countries.On climate change, Wen vowed to strengthen contact with small-island countries in urging developed countries to carry out their obligations of providing fund, technology and support for capability building of developing countries."We comprehend and sympathize with the difficult situation small-island countries, including Jamaica, are in...and will jointly push forward international cooperation (in that aspect)," he said. Chinese Premier Wen Jiabao (5th R, standing) and Jamaican Prime Minister Bruce Golding (5th L, Standing) attend the signing ceremony of a series of cooperative documents after their meeting at the Great Hall of the People in Beijing, capital of China, Feb. 3, 2010.Golding hailed Jamaica-China exchanges and cooperation in politics, economy and humanitarian fields.He pledged to stick to the one-China policy and voiced hope to expand trade and economic ties, as well as consultation on international affairs, with China.China's prompt humanitarian aid to Haiti after the devastating earthquake last month indicated the friendship between Chinese and Caribbean people, he said.Golding appreciated China's responsible attitude in tackling climate change and pledged to further cooperation with China.Golding arrived in Beijing Monday. During his five-day trip, Golding is also expected to meet with Chinese President Hu Jintao and Vice President Xi Jinping.