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Chinese share prices rose 1.37 percent in Monday morning trade, boosted by consumer and telecom stocks, dealers said.

They said consumer stocks were considered relatively immune from government measures to cool the economy and had been boosted by Beijing’s efforts to increase domestic consumption.

The benchmark Shanghai Composite Index, which covers both A and B shares, ended the morning session up 69.87 points at 5,171.65.

“The market was pushed up largely by consumer stocks such as Chinese liquor firms,” said Ma Xin, an analyst at Daton Securities.

“Institutional investors kept adjusting their portfolios and are buying blue chips at the current relatively low levels.”

China United Telecommunications Corp., the smaller of the country’s two handset operators, gained 0.68 yuan or 6.42 percent to 11.28.

The Shanghai Securities News reported Monday that the government planned to split the company as part of a long-awaited restructuring of the telecom industry.

The government suggested that China’s fixed-line operators acquire China Unicom’s assets, creating two entities with both mobile and fixed-line operations to challenge dominant cellular firm China Mobile.

Large property developers underperformed on fears of further measures by the authorities to cool the sector. The central bank reiterated Friday that it would tighten monetary policy and curb credit growth.

The Shanghai A-share Index added 73.26 points or 1.37 percent to 5,427.02 points. The Shenzhen A-share Index was up 30.31 points or 2.10 percent to 1,476.03.

Australia announces on Tuesday a funding of more than 433 million dollars (395.58 billion U.S. dollars) that helps students from low socioeconomic backgrounds.

Deputy Prime Minister, Minister of Education, Minister for Employment and Workplace Relations, Minister for Social Inclusion Juliao Gillard said Universities will receive around 540 dollars (493.24 U.S. dollars) per eligible student in 2010, and is expected to be 1,400 dollars (1,278.77 U.S. dollars) in 2013, depending on the enrollments. There will also be a 42 million dollars (38.37 million U.S. dollars) as an incentive to enroll more students from low socio-economic backgrounds.

Minister Gillard released the Measuring the Socio-economic Status of Higher Education Students discussion paper on defining and measuring socio-economic status of students, which The Bradley Review of Australian Higher Education recommended as well.

The current Australian Government is committed to see 20 percent of all Australian undergraduates to be from low socio-economic backgrounds by 2020 and 40 percent of 25 to 34-year-olds with bachelor level qualification or above, by 2025.

Japan’s Prime Minister Yukio Hatoyama reaffirmed his position on Monday that the Democratic Party of Japan (DPJ) will soon come to a decision on what to do about the relocation of U.S. troops based in Okinawa, amid calls from the United States for a concrete policy by Friday.

“I am going to determine a policy soon after consulting with cabinet ministers, but I cannot mention a specific date because ofthe sensitive nature of the issue,” Hatoyama told reporters in Tokyo.

The comments came after a visit to the United States by lawmaker Mikio Shimoji, who was told by the U.S. government that they would like a concrete policy from Japan by Friday. Shimoji also said that the U.S. is willing to move some of its training programs for marines outside Okinawa, according to reports in local media.

Japan and Washington signed a Status of Forces Agreement (SOFA) in 2006, which mapped out a plan to transfer 8,000 troops from Okinawa to Guam and move the Futenma air base in central Ginowan to a more rural location. Since coming to power in September, the DPJ has expressed a desire to see that agreement to be reconsidered, and has pushed for high-level talks on the matter with the United States.

The DPJ has come under fire from the Japanese media for its handling of the issue, with conservative newspapers complaining that the move will have a negative impact on Japan’s security, and the liberal media complaining that the government is taking too long to come up with any concrete policy on the SOFA agreement.

TOKYO, Dec. 14 (Xinhua) — After three months in office, the Democratic Party of Japan (DPJ) is close to bringing to an end one of the most controversial episodes of its early days in power when Prime Minister Yukio Hatoyama looks to give details of a concrete proposal to President Barack Obama on a way to mend a rift over the future of U.S. troops based in Futenma, Okinawa Prefecture.

Since winning an election in August, the DPJ has said it would like to review the Status of Forces Agreement (SOFA) signed by the former governing Liberal Democratic Party (LDP) and administration of George W. Bush in 2006.