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BEIJING, Dec. 24 (Xinhua) -- Renowned China economist Li Yining said Saturday that adjusting the structure of China's economy is a "matter of life and death" while the structure of GDP is more important than its size.The focus of the country's economic structure adjustment now should be transforming the dual structure in the urban and rural economy, which causes the widening income gaps between urban and rural residents, Li said at the China Economic Forum.He also noted that the key to stimulating domestic demand is to raise the workers' wages.With the external demand waned, the Chinese government has attempted to turn to domestic consumers to take up the slack. The country vows to expand domestic demand next year and increase residents' income, especially for disadvantaged groups.However, Li said raising household income is not enough and the government also needs to improve its social security system as well as increase construction of affordable houses and public rental houses.The country plans to begin construction or renovation on at least 7 million housing units for low-income groups next year, Minister of Housing and Urban-Rural Development Jiang Weixin said Friday.

BEIJING, Dec. 7 (Xinhua) -- China backs European efforts for further integration and supports current initiatives by the European Union to tackle the debt crisis, Chinese Foreign Ministry spokesman Hong Lei said Wednesday.Hong told a regular press briefing that China will work with the international community to help stabilize the global financial market and promote the recovery and growth of the world economy."We have noted that the EU has made a series of important proposals to address the European sovereign debt crisis and we hope such proposals can work to help stabilize the market, restore market faith and prevent the crisis from deteriorating," Hong added.Europe's powerhouses France and Germany agreed Monday on a series of reforms aimed at changing the European Union treaty to impose tough controls on eurozone budgets.The new treaty would include automatic sanctions for states that fail to observe the 3 percent deficit rule, as well as a budget-balancing rule across the eurozone.New and significant decisions to tackle the crisis might be made during the EU summit to be held from Dec. 8 to 9, Hong predicted.Leaders from the 27 member states of the European Union will meet in Brussels on Dec. 8-9 to discuss how to resolve the eurozone crisis.

MOSCOW, Nov. 25 (Xinhua) -- Russia's Proton-M carrier rocket was launched on Friday from the Baikonur space center in Kazakhstan with a Chinese communications satellite "AsiaSat-7", according to Russia's Federal Space Agency Roscosmos.Roscosmos' live broadcast on its official website showed that the Proton-M rocket atop the Briz-M upper stage was launched at 23: 10 Moscow time (1910 GMT). The separation of the satellite from the rocket was scheduled for 08:23 Moscow time (0423 GMT) on Saturday.The AsiaSat-7 which belongs to the Asia Satellite Telecommunications Company Limited (AsiaSat) located in Hong Kong, China, is a new generation satellite designed to replace AsiaSat 3S at the orbital location of 105.5 degrees East.The new satellite was expected to support a broad range of applications for the Asia-Pacific region, including television broadcast and VSAT (Very Small Aperture Terminal) networks.

BEIJING, Nov. 25 (Xinhua) -- The Ministry of Commerce (MOC) said Friday that it will start an investigation into the U.S. government's policy support and subsidies for its renewable energy sector over trade barrier concerns.The MOC will look into six renewable energy programs concerning wind, solar and hydroelectric energy in the states of Washington, Massachusetts, Ohio, New Jersey and California, the MOC said in a statement posted on its website.The investigation was applied for by the China Chamber of Commerce for Imports and Exports of Machinery and Electronic Products, as well as the new energy chamber of the All-China Federation of Industry and Commerce."The applicants argued that the U.S. government's policy support and subsidies for its renewable energy industry constitute a trade barrier, as they violate the rules of the World Trade Organization and have hindered and restricted the development of China's renewable energy sector," the statement said.The applicants requested the elimination of any negative influence from the U.S. government's policy support and subsidies in order to maintain a fair trade environment, according to the statement.The investigation will end before May 25, 2012, although it may be extended to August 25, 2012 under special circumstances, according to the statement.

BEIJING, Oct. 6 (Xinhua) -- China's first space lab module were in good condition and all tests went on "smoothly" during the past week, according to a statement issued by the country's space project authorities Thursday.The unmanned module, Tiangong-1, or Heavenly Palace-1, blasted off on Sept. 29 from Jiuquan Satellite Launch Center in northwest China's desert area.Tiangong-1 switched to the orbit of 362 kilometers high and had orbited the Earth for 109 times by 6:00 p.m. Thursday, the statement said.Tests on the module's remote control system, video/audio equipments, temperature/humidity sensors, docking facilities and other functions had been conducted successfully, it added.It also revealed that the Jiuquan Launch Center and other units were preparing for the launch of the Shenzhou-8 unmanned spacecraft, which is scheduled to join the Tiangong-1 later this year.Shenzhou-8 and Tiangong-1 are expected to perform China's first space docking at a height of 340 kilometers above the earth's surface.

来源：资阳报