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After 30 years of rapid growth, Chinese economy is now at a critical stage with emphasis on structural transformation and upgrading and will maintain a medium- and high-speed growth rate of around 7 percent, he added.

DAVOS, Switzerland, Jan. 20 (Xinhua) -- The improvement of the quality and efficiency of the Chinese economy and its upgrading make important contributions to maintaining the stability and healthy development of the world economy and finance, Chinese Premier Li Keqiang said here Tuesday.

BEIJING, March 11 (Xinhua) -- A Chinese air-safety expert and former official was elected the first Chinese head for the aviation arm of the United Nations (U.N.) on Wednesday.

The move to set up FTZs is part of China's effort to allow market forces to play a decisive role in the economy through greater opening to foreign investments into industries and removing restrictions over capital flows.

However, protests had been waved by college students, initially opposing what they saw as undemocratic tactics used by KMT to pass the pact in the legislative body. They later demanded the scrapping of the pact and supervision on future cross-Strait agreements.