According to experts, the main focus for Chinese government to stabilize the real estate market lies in the stimulation of the private housing demand and the strengthening of the low-cost housing building.

Qin Xiaomei ,research chief at CB Richard Ellis’ Beijing branch, said ,”The government are definitely concerned about how to keep the real estate market stable ,particularly at a time when the country’s economy has an increasing risk Read more…

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China, demand, economy, government, market, real estate

After the government announced a fresh financial stimulus to boost its economy, Chinese stocks rose to a 3-week high level.

The benchmark Shanghai Composite Index edged up 1.84 percent, which was 36.09 points, to close at 2001.5 on Nov.4. And the turnover on the bourse reached the highest point since May 9, which Read more…

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A raft of measures to encourage lending by financial institutions to infrastructure projects, small businesses and potential home and car buyers was unveiled by the government the day before yesterday.

Also, the three policy banks will get 100 billion yuan ($14.6 billion) from the government to prop up economic growth during the worsening global financial crisis.

When chairing an executive meeting of the State Council, or the Cabinet, Premier Wen Jiabao also said they will take steps to help economy over the crisis.

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China, economy, finance, government, package, stimulus

According to the country’s top labour official, the bleak employment situation may worsen next year because of the global financial crisis. Minister of human resources and aocial security Yin Weimin also said that the unquiet labour is the “top concern” of the ministry.

The registered unemployment rate in urban area remained stable at 4% during the first ten months but since last month, the worsening global economic situation has started to give more stress on China’s job market, according to Read more…

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According to the municipal government official, in addition to the 500-billion-yuan plan introduced last Friday, the government will launch a 160-billion-yuan ($23.4 billion) economic stimulus package. The plan was approved by Shanghai Han Zheng on Monday. It will be spent in the coming two years on such areas as transportation, scientific innovation, industrial upgrading, environmental protection and projects regarding the 2010 Shanghai World Expo.

The urban construction Read more…

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China, government, package, plan, Shanghai, stimulus

Ma Jiantang, who is the National Bureau of Statistics Director, quoted Premier Wen Jiabao’s words “worse than expected” when he expressed the effect of the global financial storm on China on Tuesday.

After the central government announced last Sunday a 4 trillion yuan ($586 billion) stimulus package to boost the economy, it is the first time the personal evaluation of the premier was made public on the situation.

The Read more…

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The government will continue to promote policies aimed at attracting skilled overseas Chinese to return home to develop their careers and build innovative country.

Wan Gang, science and technology minister, said, “It is the talent pool that empowers China to compete in the campaign of global innovation,” during the 5th Overseas Chinese Forum Worldwide yesterday in Beijing.

Wan said that the government has always endeavored to cultivate the Read more…

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