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Bob Hawke, former Australian Prime Minister, has said China's achievement and peaceful rise contribute greatly to the world's progress and prosperity.
Kuwaiti Oil Minister Mohammad Al-Busairi said Sunday that the China-Kuwait joint oil refinery would help promote cooperation between the two countries in the oil sector.
China faces pressure of price rises and capital inflows in the short term while its economic outlook remains positive, central bank governor Zhou Xiaochuan said.
The Chinese government will invest 2 trillion yuan ($313 billion) in the area of green economy and low-carbon development in the next five years.
China should transfer its growth mode to a consumption-led economy under the new backdrop of world economy, experts said at a forum on Saturday.
Global cooperation should be strengthened to deal with the growing downside risks to world economy, Zhou Xiaochuan, governor of the People's Bank of China ( PBOC), the country's central bank.
Local governments in China are using the sales of equity in low-rent public housing units to cope with capital pressures, as the country plans to provide 36 million new affordable-housing units within five years for low-income people to buy and rent.
Finance ministers and central bank governors from five leading emerging market economies, including Brazil, Russia, India, China and South Africa (BRICS), called for IMF to speed up their quota and governance reforms.
The real estate industry is the biggest source of wealth for the richest people in China, the country with the largest number of US dollar billionaires.
Despite the looming global financial crisis, the average wealth of China's wealthiest individuals surged in the past year, a researcher announced on Thursday in Beijing.
Thermal power plants will soon operate under tighter emission controls, with mercury output monitored for the first time, under new standards released on Wednesday to tackle worsening pollution.
China has published a stricter emission standard for thermal power plants in order to help reduce the power industry's sulfur dioxide emissions by over six million metric tons by 2015.
