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BEIJING, Aug. 12 (Xinhua) -- Prices of real estate in 70 major Chinese cities rose 7.0 percent in July on the same month of last year, 1.2 percentage points lower than the June level, according to the National Development and Reform Commission (NDRC) and the National Bureau of Statistics on Tuesday.     The NDRC, the country's top economic planning organ, said the growth rate had slowed down for six consecutive months.     The price rise was 11.3 percent in January, 10.9 percent in February, 10.7 percent in March, 10.1 percent in April, 9.2 percent in May and 8.2 in June. Visitors view models of apartment buildings in a real estate fair in Jinan, capital of east China's Shandong Province, on April 5, 2008.    In July prices of new housing went up 7.9 percent, 1.3 percentage points lower than the month-earlier level. Haikou, Urumqi, Ningbo and Beijing took the lead in price rises.     Seventeen cities experienced prices fall compared with the month earlier, including Haikou, Dali, Shenzhen and Chengdu among others.     Prices of second-hand houses gained 6.0 percent year on year, 1.5 percentage points lower than June.     New housing for non-residential use was priced 4.9 percent higher than last July, with prices of office buildings up 6.7 percent and those of commercial real estate up 4.1 percent.

BEIJING, April 25 -- The key mainland stock index yesterday soared 9.29 percent, the biggest one-day jump in six years, as investor sentiment was boosted by the government lowering of stamp duty.     The slashing of trading tax from 0.3 percent to 0.1 percent, effective yesterday, was widely seen as another government effort to lift the stock market from the doldrums it has been in for six months.     It followed the introduction of trading rules last Sunday to mitigate the impact of an expected flood of previously non-tradable shares after the lock-in period, which could greatly depress the market. Investors look over information at a stock exchange at a stock trading hall in Beijing, April 24, 2008. Equities trading tax cut, which is widely believed as policy boost by government to stem the recent slump, sends Chinese shares 9.29 percent higher on Thursday, the biggest gain since Oct 23, 2001    The Shanghai Composite Index yesterday surged 304.7 points to close at 3583.03.     In yesterday's trading, gainers outnumbered losers by 853 to 1. The Shenzhen Component index jumped 9.59 percent, or 1130.61 points to close at 12914.76. Total market capitalization swelled 9.2 percent to 22.94 trillion yuan (.3 trillion).     Turnover on the two bourses more than doubled from the day before to 261 billion yuan ( billion), the highest this year.     Analysts said the reduction in the stamp duty and restrictions on the sale of unlocked shares showed that the market has fallen as low as the government would like to see.     "The timing of the stamp duty cut suggests that the 3000 point may be a psychological bottom line for policymakers," said Peng Cheng, an economist at Citi China.     "The government had been patient in waiting until the market correction was more than 50 percent before taking action," Peng added.     Xu Wei, an analyst at Sinolink Securities, estimated that the cut in stamp duty saves investors up to 102 billion yuan (.7 billion) a year.     In addition, "the relatively lower A-share valuation and the more stable performance of overseas stock markets have combined to help investors regain confidence," said Rui Kun, a fund manager at China international Fund Management Co Ltd.     Security companies, especially those focusing on brokerage services, will benefit from the increasingly active trading because of the stamp tax cut, analysts said.     Shanghai-based Haitong Securities, Sinolink Securities and Guoyuan Securities soared to the daily limit of 10 percent.     However, some market insiders said that weak fundamentals and unfavorable China economic growth data are likely to outweigh the positive impact of the government move, and the rebound may not last long.     "It is doubtful that such administrative measures can have a sustained effect on shares when earnings face significant challenges in the periods ahead," said Peng at Citi China.     "The cumulative effect of tightening policies and rising input costs, along with shrinking demand, could cut profits more deeply than what is currently evident," Peng added.

BEIJING, Oct. 9 (Xinhua) -- China's securities regulator on Thursday said publicly-traded companies must pay dividends in cash rather than stock over three years before submitting their refinancing applications.     The move could help to encourage long-term investment and reduce market volatility, the China Securities Regulatory Commission (CSRC) said.     The benchmark Shanghai Composite Index has plunged 66 percent from its record high last October.     In a new regulation stipulating cash dividend payment by listed companies, the CSRC said: "The listed firms, if applying for refinancing, must pay dividends in cash totaling no less than 30 percent of its distributed profits over the past three years."     The regulation went into effect on Thursday.     In the draft version released in August, companies were allowed to pay dividends either in cash or stock.     The listed firms were also ordered to reveal their cash dividend policies and previous cash dividend data to investors in their annual reports to improve transparency.     "The listed company should give reasons why it failed to pay a cash dividend if it is able to and where the money goes," according to the rule.     Cash dividends could offer stable investment returns and prompt large institutional investors to reduce speculation on the secondary market, the regulator said.     A couple of huge refinancing plans earlier this year triggered a market plunge on concerns over stake dilution and liquidity stress.     In a separate regulation on share buy-back, also effective on Thursday, the CSRC said it allowed a cash dividend payment when the controlling shareholders bought stocks on the secondary market.     Such action was banned in the draft version released in late September to solicit public opinion.     Share buy-back through bidding at stock exchanges also no longer needs regulatory approval.     The CSRC added it would continue to revise the rules on stock buy-back and also give consideration to repurchase through agreement or tender offer.

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ISLAMABAD, April 26 (Xinhua) -- Pakistani President Pervez Musharraf and Prime Minister Yousuf Raza Gillani met respectively with visiting Chinese Foreign Minister Yang Jiechi on Saturday and reiterated their resolve to improve bilateral ties to a new level.     They said Pakistan will always stand with China on the Taiwan and Tibet issues and Beijing Olympics will be a great success. Pakistani President Pervez Musharraf (L) meets visiting Chinese Foreign Minister Yang Jiechi in Rawalpindi, Pakistan, April 26, 2008.Musharraf, at a meeting with Yang in the city of Rawalpindi close to Islamabad, appreciated China's consistent assistance and help, saying Pakistan would continue to carry out cooperation with China in such fields as trade, energy, communication, education and culture.     The smooth holding of the Beijing Olympic torch relay in Islamabad showcased the deep-rooted friendship between the two neighboring countries, said Musharraf     Gillani, while meeting with Yang, said Pakistan and China enjoy "all-weather and time-tested" relations and the new Pakistani government will strive to push bilateral relations forward on the basis of mutually-beneficiary cooperation.     Gillani welcomed Chinese firms to invest in Pakistan, saying to develop relationship with China will be the priority of the Pakistani government. Pakistani Prime Minister Yousaf Raza Gilani (R) meets visiting Chinese Foreign Minister Yang Jiechi (L) in Islamabad, capital of Pakistan, April 26, 2008. Yang described China-Pakistan relations as good neighbors, friends, partners and brothers, saying the two countries have seen sound cooperation on politics, trade, mega projects, military, security, culture as well as regional and international issues.     China thanks Pakistan for its firm support on the Taiwan and Tibet issues, and will support Pakistan's efforts to safeguard national stability and development, Yang said.     Yang said the Chinese government attaches great importance to relations with Pakistan and will deepen bilateral strategic cooperation and lift China-Pakistan strategic partnership to a new height.     Yang also expressed appreciation for Pakistan's successful holding of the Beijing Olympic torch relay, which he said is a testimony to sincere friendship between the two countries.     Yang arrived in Islamabad o Friday afternoon for a two-day visit to Pakistan, the first visit by the Chinese foreign minister since the new Pakistani government took office last month.     Yang is also the first senior Chinese official visiting Pakistan after Musharraf paid a state visit to China from April 10 to 15. Pakistani President Pervez Musharraf (L) meets visiting Chinese Foreign Minister Yang Jiechi (R) in Rawalpindi, Pakistan, April 26, 2008.Yang held talks with his Pakistani counterpart Shah Mahmood Qureshi after his arrival, and they discussed possibilities to expand cooperation between the two countries.     At a news briefing following the talks, Yang announced that China will provide Pakistan 70 million RMB (around one million U.S. dollars as technical and economic assistance and 500,000 RMB (around 71,429 U.S. dollars) for equipment for Pakistan foreign ministry.     During the 24-hour visit, Yang also met with Pakistan's National Assembly Speaker Fehmida Mirza, Senate Chairman Muhammad Miam Soomro, Nawaz Sharif, leader of Pakistan Muslim League-Nawaz (PML-N), and Pakistan Muslim League-Quaid (PML-Q) chief Chaudhry Shujaat Hussain.

SHIJIAZHUANG, Sept. 20 (Xinhua) -- Chinese Vice Premier Li Keqiang had a full schedule on Saturday afternoon as he spent time in north Hebei Province visiting infant patients stricken by tainted milk powder, talking to doctors, dairy farmers and salesman in a local supermarket.     In Dingxing County Hospital of Hebei Province, he went to the infants ward where he talked to parents and inquired about the symptoms and progress of the patients' illness. Chinese Vice Premier Li Keqiang (C), also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits an infant patient at Dingxing County Hospital of north China's Hebei Province, Sept. 20, 2008. Li visited infant patients sickened by the tainted milk powder, doctors, dairy farmers and salesman in local supermarket in the province on Saturday.In the hospital ultrasonic room, he asked if it had enough facilities to guarantee all babies were getting treatment.     Local governments and hospitals should give support if necessary equipment was needed for providing treatment for the babies, he stressed.     Hearing most doctors were working overtime as more parents were sending their babies for examination, he expressed his heartfelt thanks to the medics and urged them to keep up their efforts and make sure all babies were getting prompt care. Chinese Vice Premier Li Keqiang (R), also member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, watches as an infant patient is checked at Dingxing County Hospital of north China's Hebei Province, Sept. 20, 2008The treatment should not be delayed or interrupted on the grounds of lacking in medical expenses, he said, adding hospitals should send doctors to villages and remote areas to collect babies who had developed kidney stones after taking the milk powder tainted by melamine.     Li also visited Cui Zhiqiang, a villager in Housuoying Village of Dingxing County, whose one-year-old daughter had recovered.     All diary products manufacturers should recall suspect products and consumers should be refunded if they returned those products. Li made the remarks while talking to a salesman in Womei Supermarket in the county seat of Dingxing.     He then went to Shiqiao Village of Dingxing Township where he asked about the milk supply.     He asked local officials to take measures to ensure the farmers' interests would not be hurt by the scandal.     More than 6,200 infants developed kidney stones after drinking a baby formula tainted with melamine. The chemical, which was added illegally, makes the protein content of milk appear higher than it actually is. The formula has so far killed four infants.     Dairy giant Sanlu based in the Hebei provincial capital of Shijiazhuang was the first company exposed in the scandal.

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BEIJING, August 1 (Xinhua) -- A senior Party official has called for constantly strengthening the entire capacity and competitiveness of China's film and television industry, so as to push the country's film and TV products to the world.     Great efforts must be made to innovate the sector, regarding both content and the form of film and TV works, the structure and mechanism of the industry, and the means of spreading film and TV works, said Li Changchun, member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau. Li Changchun (C), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits the newly completed China Film Group Digital Film Production Base in Beijing, capital of China, Aug. 1, 2008.    Li made the remarks on Friday during a visit to the newly-built national digital studio. He was accompanied by Politburo members Liu Yunshan and Liu Yandong during his stay at the National Digital Studio of the China Film Group Company.     During his visit, Li visited a 5,000-square-meter sound stage and watched presentations on the making of digital films. Li Changchun (2nd L), member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, visits the newly completed China Film Group Digital Film Production Base in Beijing, capital of China, Aug. 1, 2008. In talks with some staff he spoke highly of the modern studio, calling its completion a result of the country's cultural restructuring and an important symbol for the development of the cultural sector.     "It proves the Party Central Committee's decision on the cultural restructuring is completely correct," he stressed.     Li urged Chinese film and TV makers to produce more film and TV works for both domestic and international markets, noting homemade products should take a larger share of the domestic market and be more competitive on the international market.     He called for educating more talented professionals for China's film and TV industry. People of all circles should show their care and support to the development of the sector, he said.     According to company sources, it took 2.5 years to build the digital studio. It is composed of different workshops for making films and TV programs, recording, digital processing, film printing and making flash and cartoon films.

BEIJING, June 12 (Xinhua) -- Chinese President Hu Jintao and Premier Wen Jiabao have ordered that supplies for the summer harvest be guaranteed amid reports of shortages in some areas.     Following their order, the State Council has asked local governments and related enterprises to prioritize supplies such as diesel, the fuel for farm vehicles, to take advantage of the best time for the ongoing wheat harvest.     Tight supplies of diesel were reported in some areas since the country began to reap the wheat crop in May as refiners experienced losses resulting from domestic prices that were kept below the spiraling international prices. Famers crop wheat in Yuanyang County of Xinxiang City in central China's Henan Province, June 4, 2008. The harvest of over 5.2 million hectares of wheat in Henan Province has been completed by 5 p.m. on June 11. The whole summer grain crops of Henan is expected to break 30 billion kilograms    The summer harvest is vital for China as wheat production would add to the grain output for the year.     The State Council asked producers to enhance production to increase supplies. It also warned related departments to impose tighter supervision over market order to cap prices.     It said more specific measures, such as providing exclusive supply channels for diesel-powered farming vehicles, handing out special filling cards for farming vehicles and direct diesel delivery to farmers, would also be implemented. Chen Shuying gathers wheat in Houhe Town of Weihui City in central China's Henan Province, June 6, 2008. The harvest of over 5.2 million hectares of wheat in Henan Province has been completed by 5 p.m. on June 11. The whole summer grain crops of Henan is expected to break 30 billion kilograms.

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LHASA, Oct. 7 (Xinhua) -- At least nine people were killed in a strong earthquake that jolted a county near Lhasa, capital of southwest China's Tibet Autonomous Region, on Monday, the rescue headquarters confirmed early Tuesday morning.     The previous "at least 30" death toll was inaccurate due to unauthoritative sources and needs further check.     Rescuers arrived at Yangyi Village, the worst-hit site in Gedar Township of Damxung County, late Monday night after repairing the road once paralyzed in the 6.6-magnitude tremor.     At least 147 houses in Yangyi and villages in a neighboring county collapsed. Rescuers recovered nine bodies from the debris, and 11 people were seriously injured while eight others received light injuries, Hao Peng, deputy chairman of the autonomous regional government and head of the rescue command, told Xinhua.     More than 600 soldiers, police officers, firefighters, traffic, medical and geological experts were rushing to the quake zone.     Food, drinking water, tents and other materials had been transported to the area. Rescue operation was underway. The injured were being sent to local hospitals.     An earthquake measuring 6.6 on the Richter scale jolted Damxung,82 km from Lhasa, at 4:30 p.m. Monday. The epicenter was at 29.8 degrees north and 90.3 degrees east.     Tremors were felt in Lhasa, but no major damages were found in buildings or historical sites there, including the famed Potala Palace and the Jokhang Temple.     "We examined every palace and building right after the quake and no damages were found," said Jamba Gesang, head of the management department of the Potala Palace. A woman with her child walks past collapsed buildings in Gedar Township of Damxung County in southwest China's Tibet Autonomous Region, Oct. 6, 2008. At least nine people were killed in a 6.6-magnitude earthquake that jolted Damxung County near Lhasa at 4:30 p.m. Monday, the rescue headquarters confirmed early Tuesday morning    The Jokhang Temple kept hosting visitors as all constructions were unaffected in the tremor.     Key cultural relics also stayed intact, as the sites were far from the epicenter, said Yu Dawa, chief of the cultural heritage bureau of Tibet. A local farmer checks the damaged building in Gedar Township of Damxung County in southwest China's Tibet Autonomous Region, Oct. 6, 2008. At least nine people were killed in a 6.6-magnitude earthquake that jolted Damxung County near Lhasa at 4:30 p.m. Monday, the rescue headquarters confirmed early Tuesday morningThe famous Bargor Street was as bustling as usual.     The Qinghai-Tibet railway and Lhasa airport remained in normal services.     "The downtown area of Lhasa is relatively safe and there is no need to be panic," Zhu Quan, head of the local seismological bureau, told Xinhua.     More aftershocks may hit Damxung but would not cause damages to buildings in the downtown area, Zhu said.     The quake was measured at level VIII on the 12-level MMI (modified mercalli intensity) scale in the epicenter and it was felt at level V in Lhasa, Zhu said at a press conference.     The MMI scale measures the intensity of an earthquake from its perceptible effects with level V indicating it could be felt by everyone and could break windows. At level VIII, a quake can result in partial collapse of ordinary buildings.     "I was shaken for a few seconds, and lamps in the office swayed. Then everything returned to normal," Xinhua reporter Xue Wenxian said.     Classes ended early in some schools in Lhasa.     The national seismological network recorded another earthquake measuring 5.2 on the Richter Scale in the county at 8:10 p.m. Monday. The regional earthquake monitoring network said it had observed 15 aftershocks.     An emergency response scheme was launched across the region soon after the quake broke out. The local government has sent a working team to guide relief operation in the quake-hit areas.     The rescue headquarters asked relative authorities to release quake information to the public in time.     Another 6.8-magnitude earthquake shook Tibet's neighboring region of Xinjiang on Sunday, but no casualties have yet been reported.     The quake hit at 11:52 p.m., with its epicenter at 39.6 degrees north and 73.9 degrees east in a mountainous area about 100 km from the county seat of Wuqia, Kizilsu Kirgiz Autonomous Prefecture.     Xinjiang earthquake monitoring network said it had observed 196aftershocks as of 1:30 p.m. on Monday, including two above magnitude 5.The debris of collapsed buildings is seen in Gedar Township of Damxung County in southwest China's Tibet Autonomous Region, Oct. 6, 2008. At least nine people were killed in a 6.6-magnitude earthquake that jolted Damxung County near Lhasa at 4:30 p.m. Monday, the rescue headquarters confirmed early Tuesday morning

BEIJING, May 4 (Xinhua) -- Chinese Premier Wen Jiabao urged Chinese law students to be fair-minded and patriotic in future law enforcement here on Sunday.     A law student should develop a high degree of sense of responsibility for the country, the society and the people. He or she should be fair-minded and above all, love this country, said Wen during his visit to the China University of Political Science and Law on China's Youth Day.     During his trip, Wen first went to the first floor of the university's library, which boasts the country's largest collection of modern law books. Here Wen met senior experts and professors and talked with them about the law history.     "We will better implement the policy of 'administration according to Law'", said Wen, when receiving a collection of law history books from professor Zhang Jinfan, who spent 19 years with some 10 professors to compile these books.     Wen then stepped into the second floor of the library, where he joined the students in the reading room and exchanged views on legal system building.     When asked by Wang Tuo, a PhD candidate majoring in Criminal Law, about his expectations for the concept of "Ruling the Country by Law", Wen said the concept served as a basis for developing economy and maintaining social harmony     To promote democracy, improve the legal system, and rule the country by law is not only a national strategy, but also serves to safeguard the personal rights and freedom of every citizen, he said. Chinese Premier Wen Jiabao (L) has lunch with students in the dining hall of China University of Political Science and Law in Beijing, capital of China, May 4. When asked to comment on the link between people's livelihood and the concept of "Ruling the Country by Law", the Premier said that only when policies addressing issues of people's livelihood were stipulated into law, could people enjoy the benefits of these policies for a long term.     Wen then walked into the dormitories and chatted with the students.     "I learnt things that are not taught in classrooms. The Premier knows so much about law and puts such strong emphasis on law, I will study hard and make my contributions to the country," said postgraduate Chen Xuemeng.     Around 12 o'clock, Wen walked into the school's cafeteria and had lunch with the students.     The Premier expressed his concern over the recent price rise, and asked the students if they could afford the daily food and whether the scholarship could help them solve their difficulties.     To make sure that the college students' living standards are not influenced by the price rise, the government has allocated 20 yuan of subsidy per month for each college student, with those from very poor families receiving 40 yuan each per month, Wen said.     At 12:30, the premier left the campus as large crowds of students waved goodbye.     "The Premier's visit makes this Youth Day special and meaningful," said student Yang Kunzhang, "The premier's expectations direct the way of our future efforts".Chinese Premier Wen Jiabao (L) shakes hands with students of China University of Political Science and Law in Beijing, capital of China, May 4, 2008. Wen spent the May 4 Youth Day of China at the university on Sunday at the invitation of students of the university