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BEIJING - China Development Bank (CDB), a major policy bank, reported a drop in bad loans last year.

Attention has been focused on how China will set this year's growth target, to what extent the government will raise its budget deficit ratio and what additional stimulus policies will be rolled out to support the economic recovery.

Authorities attributed the slower increase to moderating economic growth and a rapidly aging society, which imposes a heavier burden on the country's pension funds.

BEIJING - After years of development, the Shanghai Cooperation Organization (SCO) has much to offer for the improvement of global governance, an expert said in an interview with Xinhua.

Attention has been focused on China's first-quarter economic performance as the country is scheduled to release first-quarter GDP growth and other key economic data later this week.