Property price growth is set to decelerate asics onitsuka tiger tokuten australia , with the slowdown to persist for several years, industry experts said on Friday.

"China's housing prices are now approaching a peak, just as what happened to the United States in 2005," said Nie Meisheng, former head of the China Real Estate Chamber of Commerce.

She made the comment at the Ping An Real Estate and Financial Innovation forum in Shenzhen.

Average housing prices in 100 major cities monitored by the China Index Academy rose 0.68 percent month-on-month to 10,758 yuan ($1 asics onitsuka tiger track trainer australia ,707) per square meter in November, the 18th consecutive increase since June 2012.

The growth rate, however, was at the lowest level this year, the academy said.

"It doesn't make sense that home prices will continue to go up while overall economic growth is slowing down," said Nie.

China's GDP will probably expand 7.7 percent this year asics onitsuka tiger corsair vin australia , according to Robin Bew, managing director of the Economist Intelligence Unit, a London-based think tank.

However, he's forecasting that GDP growth is likely to slow to 5 percent over the next decade, even if the country successfully carries out its reforms.

"Bubbles do exist in some cities, especially in some second-tier cities with too much supply asics onitsuka tiger mexico delegation australia , but the overall market hasn't seen a big bubble yet," said Nie.

According to Qin Hong, director of the policy research center at the Ministry of Housing and Urban-Rural Development, the record high property sales of 2013 are unsustainable.

Qin said that those sales have been fueled by China's baby boom generation, born in the 1980s.

"Property sales will slow to a single-digit growth rate in the future," said Qin.

For Louis Bai asics onitsuka tiger mexico mid runner australia , chief executive officer of the Beijing office of Barratt Homes, a large United Kingdom property company, Chinese developers need a new strategy to cope with market uncertainties.

Domestic developers' overseas investment is also on track to set a record high in 2013 of more than 25 billion yuan, according to Nie.

However, Frank Chen, executive director of real estate consultancy CBRE Research China asics shoes australia outlet , warned: "As real estate is a very local industry, the risks for Chinese developers' overseas expansion should not be underestimated."

by Julius Gale

JUBA, June 3 (Xinhua) -- South Sudan plans to strengthen strategic cooperation with China as it appreciates Beijing's policy of win-win cooperation with partners, a senior official said Saturday.

Finance and Economic Planning Minister Stephen Dhieu Dau said China has contributed greatly to the survival of South Sudan since the nation was hit by a devastating civil war in December 2013, adding that the government would seek closer ties with China for greater benefits.

"We as government and people of South Sudan are looking forward to having real strategic partnership with China because we believe China's political principle towards Africa and South Sudan is based on humanity and respect of human beings," Dau said.

Dau made the remarks in the capital Juba during a handover ceremony of medicine donated by China to fight malaria in the war-torn country.

South Sudan depends on oil revenue for 98 percent of its budget asics shoes australia , but production has been hampered by civil war that has forced most oilfields in the northern region to shut down.

The East African nation is currently struggling with hyper inflation, economic crunch amid shortage of foreign reserves to support imports.

Dau said without Beijing's continued diplomatic, financial and humanitarian support, the nation would have collapsed due to the massive pressure on the economy for the past three years.

"Our survival as a country today is because of China, not as a major investor in our oil sector but as a friend. When we are in need of getting financial support or loans, we always get quick response from China www.calwallace.com ," he said.

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CHANGCHUN, Aug. 15 (Xinhua) -- Russian businessman Ruslan, who has been in China for six years but speaks Chinese poorly, found it much easier to renew his work visa with the help of a Russian clerk at a service center.

His helper was Marina, a clerk at the international talent service center of Hunchun City in northeast China's Jilin Province. She provides help and service to people like Ruslan.

"Without them asics onitsuka tiger australia sale , I don't know when I would complete the renewal," said Ruslan, a dealer of Chinese commodities. "Local government departments offer good services and are quite efficient."

Marina and her Chinese colleague accompanied Ruslan to the government departments of human resources, market monitoring and public security of Hunchun to handle his business license and work visa affairs.

Marina, whose spouse is Chinese, became a full-time employee of the Hunchun talent service center in 2015. There is another part-time Russian employee at the center.

About 1 asics onitsuka tiger australia ,000 Russians live in Hunchun, a Chinese port bordering Russia. The border city has attracted a growing number of foreign tourists.

Marina's daily work includes helping tourists and Russians living in Hunchun. She has helped tourists who have lost contact with their groups and taught local Russians how to pay tap water and electricity fees.

"Due to language problems, a simple matter may be complicated," she said.

Besides the two Russians, the center has more than 10 Chinese workers. Since it was set.