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SINGAPORE, Feb. 16 (Xinhua) -- Singapore's Senior Minister Goh Chok Tong said on Tuesday that China will become even more important globally and Singapore must find opportunities to ride on China's growth.Speaking at the Business China spring reception on Tuesday night, Goh said that China has over the past year weathered the global economic downturn with exceptional resilience.Despite shrinking external demand and rising unemployment, China's timely and bold policy responses have enabled its economy to grow at a sizzling 8.7 percent last year, he said, adding that China is now reinforcing its role as the engine for growth in Asia, if not the world.Goh said that the city state recognized China's potential early, soon after China began to open up its economy in 1978.Because of the early efforts made by the Singapore government and Singaporeans, China is today the city state's third largest trading partner and top investment destination, Goh said.As for riding on China's growth, Goh said that the Singapore government will help its companies gain an even stronger foothold in China, and continue to catalyze business opportunities in China.The seven provincial-level business councils, as well as other high-level dialogues and platforms, help open opportunities for companies, reinforce the Singapore brand name and increase its mindshare in China, Goh said.

BEIJING, March 20 (Xinhua) -- The threat of inflation to China's economy is less worrisome compared with asset bubble, economists said Saturday at the China Development Forum 2010.China's economy is facing a new round of growth in the coming two years, but the risks of inflation and asset bubble remain, said Fan Gang, secretary general of the China Reform Foundation.Compared with inflation, tackling asset bubble is of greater importance because asset bubble, as one of the causes for this round of global financial crisis, is more dangerous, Fan said. He expected the country's economy to grow 8 to 9 percent this year in a "normal growth."Growth in China's property prices is accelerating and approaching an alarming level, said Nomura Holdings Inc. chairman Junichi Ujiie.Despite government measures to curb property prices, China's property market grew at its fastest pace in 20 months in February, with housing prices in 70 major cities rising 10.7 percent from a year ago.

BEIJING, Feb. 10 (Xinhua) -- China's top legislature will convene its bimonthly session from Feb. 24 to 26, making a final preparation for an annual full session next month.According to a statement of a meeting, presided over by top legislator Wu Bangguo Wednesday, an important task at the three-day session late this month is to prepare for the upcoming Third Plenum of the 11th National People's Congress (NPC), scheduled to open on March 5.Lawmakers at the February session will deliberate a draft report on the work of the 11th NPC Standing Committee, the draft agenda of the third 11th NPC session, the draft of the name list for presidium and secretary-general, and the draft of the name list for non-voting delegates to the plenary session in March.They will also continue to review the draft law on mobilization for national defence, as well as a draft amendment to the law on keeping state secrets.The draft amendments to the Administrative Supervision Law and the Copyright Law will also be submitted by the State Council to the legislative session for discussion, according to the statement.They will also discuss a consular agreement with the Philippines and a report on the inspection of the enforcement of the Food Safety Law, as well as a motion regarding appointments and dismissals.

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GUANGZHOU, Feb. 14 (Xinhua) -- As the bell struck midnight Saturday to usher in the New Year, a real-name train ticket selling experiment ended in southern China's Guangdong Province.The move has turned out to be helpful in easing ticket shortages during a travel peak season before the Spring Festival, or Chinese Lunar New Year, but failed to uproot scalpers.In 15 days, the operation initiated by the Ministry of Railways among nine stations run by Guangzhou Railway Group has benefited 600,000 travellers who went on their journeys home from Guangdong since Jan. 30 to inland provinces of Hunan, Sichuan and Guizhou, and Chongqing Municipality.The stations were in cities whose economy heavily relies upon migrant workers, including Guangzhou, Shenzhen, Foshan, Dongguan and Huizhou, all in Guangdong, known as "Factory of the World".With the real-name ticket selling scheme, gone were those long waiting queues -- which had been ubiquitous before the experiment-- at the entrances of Guangzhou Railway Station where transportation task is usually the heaviest around important traditional festive seasons such as Spring Festival.Xiong Xiaoyan, who was heading for her home province of Guizhou, southwest China, was surprised to find the ticket-checking process taking only 10 seconds."I thought the waiting line would be much longer than normal as the identity card check was supposed to take more time", she said, "I didn't expect it to be so prompt!"Huang Xin, director of the passenger transport section of the Guangzhou Railway Group, attributed the efficiency to the improved ticket check-in infrastructure. "We used to have only seven to eight ticket gates. Now the number has grown up to 108," Huang said.At each entrance gate to the platform, an identity recognition system was put into place. Inspectors could scan a traveller's ticket and his or her ID card separately on two sets of equipment: screens will immediately display the information about a ticket purchaser and the ID card holder with photos. If the names and codes on the ticket and ID card matches, inspectors will stamp the ticket and let go the traveller.Huang said that this year's pre-Spring Festival single-day traffic record had overtaken that of last year to 232,000 people on Feb. 28."I think the pilot operation has successfully passed the ticket check-in test as the extra procedure aiming to secure fairness cut rather than prolong travelers' waiting time," said Huang.Dozens of train stations in Hunan, Sichuan, Chongqing and Guizhou, home to a huge number of migrant workers, started to pilot the real-name train ticket selling scheme on Sunday.Tens of millions of migrant workers go back home before the Spring Festival for often once-in-a-year family reunions. They return to cities after the festival.The scheme runs through March 10.SCALPERS CORNERED NOT UPROOTEDBefore the name-based system was adopted, travellers had long complained about scalpers worsening the ticket shortage problem by stockpiling tickets and reselling them at higher prices as the country's railway transport capacity falls far short of its annual Spring Festival traffic demand.During this travelling season from Jan. 30 to March 10, the railways were expected to transport 210 million passengers, up 9.5 percent year on year, or 5.25 million passengers per day, according to the Ministry of Railways.Migrant worker Wang Xiangneng from central Hunan Province thought the real-name system had put a curb on scalpers. "Anyone can buy a ticket either by phone calls or at ticket booths now. It is really first-come and first-served," said Wang.Taking himself as example, Wang said that a one-way ticket for a hard seat from Guangzhou to Shaoyang priced at 51 yuan used to be sold at least 200 yuan by scalpers in the past."If we were able to secure a ticket from the station or authorized outlets, we could have several days' pay spared. That is not a small amount for us," he said.But there are people always trying to beat the new system to make illegal profits. Police in Guangdong have captured 837 illegal ticket vendors and confiscated more than 2,500 scalped tickets by Feb. 8.In Chongqing, local police have also cracked down on several ticket scalping cases.From two suspects, the police have seized 37 real-name tickets, 115 IDs for ticket booking via phone calls and four household registration booklets. The two suspects surnamed Wang and Gou separately confessed they would charge an extra 20 to 30 yuan for each ticket.Yue Jinglun, director of the Social Policy Research Institute of the Guangzhou-based Sun Yat-sen University, said there was much to be done to prevent the real-name system from being taken advantage of by scalpers."No one would deny that the trial operation has been a very positive step in securing fair distribution of scarce train ticket resources. The key is to constantly optimize the system, rather than abandoning it for fear of defects," he said.Huang Xin said the way to tackle train ticket shortage problem from the root was to expand the country's railway transport capacity. "At the core this is supply-and-demand problem," he said.

BEIJING, March 8 (Xinhua) -- The recent number of earthquakes above 7-magnitude in 2010, though slightly more than average, was still within normal scope, said the China Earthquake Administration Monday.The administration cited that the frequency of the quakes were uneven. "It is a normal phenomenan of earth movement," it said.Some panicked netizens linked the recent spate of earthquakes to Doomsday Day as depicted by Hollywood disaster film "2012" shown in 2009.China is an earthquake-prone country, witnessing a total of 145 quakes on average on the mainland each year, with 20 quakes above 5 magnitude.

CHENGDU, Jan. 31 (Xinhua) -- Two giant pandas in the United States will fly back home in the southwestern Chinese province of Sichuan next week, according to local officials.Tai Shan, a 4-and-a-half-year-old male panda born at the National Zoo of Washington D.C., and Mei Lan, a 3-year-old female panda born at Zoo Atlanta, will arrive in Chengdu Feb. 5 after a 14-hour journey from Washington.Experts from the two zoos will escort the two giant pandas back to China.Tai Shan, who was born in July 2005 and raised up in the National Zoo, will return to the Ya'an Bifeng Gorge Breeding Base of Wolong National Nature Reserve.Tai Shan was supposed to get back to China at the age of two. The Chinese government agreed to postpone its return twice in 2007 and 2009 at the request of the National Zoo, where millions of people visited him.Tai Shan's father Tian Tian, 13, and mother Mei Xiang, 12, are also due to return December next year.Mei Lan will return to the Chengdu Research Base of Giant Panda Breeding.Mei Lan was born in September 2006. Her parents Lun Lun and Yang Yang arrived in Atlanta in November 1999.There are now 13 Chinese giant pandas living in four zoos in the United States.Giant pandas, known for being sexually inactive, are among the world's most endangered animals.There are about 1,600 giant pandas living in China's wild, mostly in Sichuan and the northwestern provinces of Shaanxi and Gansu. Another 290 are in captive-breeding programs worldwide, mainly in China.

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BEIJING, Feb. 9 (Xinhua) -- China's police departments will launch a 30-day campaign starting Wednesday to hunt down fugitives who are suspected of having committed a crime known as fake invoice fraud.The campaign will have a code name known as "spring thunder", said Liu Jinguo, Vice Minister of Public Security.While addressing a teleconference Monday, the vice minister said: "As the Spring Festival is drawing near, the demand for fake invoices remains strong. Perpetrators will get on the move."Statistics show that the police across the country uncovered 237 cases involving fake invoice fraud and detained 234 suspects in January. They also destroyed eight large sites making and selling fake invoices, and confiscated more than 12 million fake invoices in the past month.Fake invoice vendors are common in Chinese cities, where they offer receipts used for tax purposes. Such invoices could cause huge losses in tax revenues and could feed illegal activities, such as smuggling, money laundering and corruption.The Spring Festival, or the New Year's Day on the Chinese lunar calendar, will fall Sunday. It is an occasion for reunions of relatives and friends, completed with much fun and plenty of eatings. Spring Festival is the most important event for people of Chinese origin.

LOS ANGELES, March 9 (Xinhua) -- A China automaker has made headlines in California as it is considering locating its U.S. office and assembly line in the state, local media reported on Tuesday.The office and assembly line are expected to create high-paying jobs in a state hard-hit by the recent recession.The Chinese automaker BYD, or Build Your Dreams, may really build a dream in California after it has teamed up with German automaking giant Daimler-Benz to manufacture an A-class electric vehicle.China's BYD F6DM, powered by electric motors and gasoline engine, is displayed at the North American International Auto Show (NAIAS), in Detroit, the United States, JaN. 11, 2009.As one of the world's largest rechargeable battery and consumer electronics makers, BYD entered the U.S. market this year with its electric car model BYD e6 through the North American International Auto Show in Detroit.The first batch of such cars is to hit markets in Europe, the United States and China as early as next year.Morale-boosted by the BYD intention, local authorities from both the Los Angeles County and Los Angeles City reportedly met BYD executives to woo the firm to locate its office and assembly line on their premises.Several other places including Long Beach and Lancaster have also joined the race to attract the attention of China's fourth biggest carmaker."It would be a tremendous boost to our economy and economic growth and prosperity," said Tony Bell, spokesman for Los Angeles County Supervisor Michael Antonovich.As the largest auto market in the United States, California has recently seen a mushrooming of so-called "green tech" firms involved in the research and production of electric and other alternative energy vehicles.BYD is expected to produce better versions of electric cars by adding its long-life rechargeable battery to Benz chassis and transmission.The e6's, an all-electric crossover car, already are claimed to reach a range of 400 kilometers per charge.Though local pundits claim that California is the right place for BYD to locate its U.S. office and assembly line, BYD executives remained silent on the issue.Local authorities have made wooing BYD to open business in California their top priority, hoping the addition of the Chinese electric car maker would help create in California a new and greener Detroit.

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UNITED NATIONS, Jan. 27 (Xinhua) -- China's UN Ambassador Zhang Yesui on Wednesday called on concerned parties to create " favorable conditions" for an early resumption of Palestinian- Israeli peace talks.Addressing the Security Council in an open debate, Zhang, the council president for January, said that China remains "deeply concerned over the stalemate in the Middle East peace process and the bleak prospects for resumption of the peace talks.""We hope the parties concerned will strengthen their belief in the peace talks,overcome the difficulties and interruptions, create favorable conditions for an early resumption of the peace talks, and avoid acts that may erode the mutual trust or prejudge the outcome of the negotiations," he said.Zhang urged Israel to freeze all settlements activity and cease the building of separation walls."We urge Israel to open all the border crossings to Gaza, and ensure that the region achieves reconstruction as soon as possible and its people return to normal life," he said.Zhang also emphasized the importance of Palestine's internal reconciliation, voicing hope that all factions "bear in mind the long-term interests of the nation and work together to strive for the Middle East peace process."He also urged the international community to "redouble its efforts to push for all parties to build the momentum for negotiations and inject new impetus into the peace process."

BEIJING, Feb. 1 (Xinhua) -- The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.8 percent in January, down 0.8 percentage points from the previous month, the China Federation of Logistics and Purchasing said on Monday.