US President and Nobel Peace Prize laureate Barack Obama receives his medal and certificate from Nobel Committee Chairman Thorbjorn Jagland in Oslo yesterday. Obama acknowledged the controversy over the choice of a wartime president and said he reserved the right to take action to protect the US. AP
The cost of the average home in China rose by 5.7 percent year-on-year in November, continuing an escalation that pundits think could carry into next year, despite new policies from the State Council aimed at reining in speculative deals.
China may be the largest producer of TV shows globally with 40 episodes on average being produced each day, but these programs, unlike other "Made in China" products, have yet to gain popularity outside the country.
The Chinese government launched a large-scale, multi-layer economic stimulus package late last year in a bid to counter the emerging economic slowdown against the backdrop of the global financial crisis.
COPENHAGEN: China's climate ambassador cited a six-word Chinese idiom three times at a press conference yesterday to ask developed countries to honor their commitment to assist developing nations fight global warming.
OSLO: US President Barack Obama evoked the cause of a just war yesterday, accepting his Nobel Peace Prize just nine days after sending 30,000 more US troops to war in Afghanistan but promising to use the prestigious prize to "reach for the world that ought to be".