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BEIJING, May 4 (Xinhua) -- China on Friday issued a draft proposal on agricultural insurance regulations to solicit public opinion and promote the sound development of agricultural insurance, according to a circular published by the Legislative Affairs Office of the State Council (LAOSC).

The reasonable housing prices should match the people's income, the construction cost, and the profit should be reasonable too, added Wen, calling for long-term, steady and sound development of China's property market.

Research has shown the FTA will boost China's GDP by up to 2.9 percent, and up to 0.5 percent for Japan and up to 3.1 percent for the ROK. While the U.S. and Europe are struggling to overcome economic malaise and volatility, the FTA is a protective screen to shield external turbulence.

He also urged the region to make full use of its advantages in the legal system, its talent pool, as well as in the international finance, trade and shipping industries, to promote its economy's competitiveness and ensure the region's long-term prosperity and stability.

The report is expected to focus on issues pertaining to improving people's livelihoods, as a statement issued by the Political Bureau of the Communist Party of China (CPC) Central Committee after their Feb. 20 review of a draft of the report said more efforts will be made to coordinate economic growth and the improvement of livelihoods