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BEIJING, March 5 (Xinhua) -- China expects its economy to grow around 8 percent in 2010 from a year earlier, says a report delivered by Premier Wen Jiabao at the annual parliament session Friday.Setting the 8-percent target mainly "aims at ensuring the quality of economic growth, focusing on transformation of economic growth pattern and adjustment of economic structure," says the report submitted to the National People's Congress (NPC), the country's top legislature.The increase of consumer price index, a main gauge of inflation, will be held around 3 percent, says the report.Although the development environment this year may be better than 2009, China "will still face a complicated situation," reads the report. Chinese Premier Wen Jiabao delivers a government work report during the opening meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2010The year of 2010 will be a "crucial but complicated" year for China's economic development as the country will continue fighting against the global financial crisis while maintaining a stable and comparatively fast economic growth and accelerating transformation of growth pattern, according to the report.Peter Trebitsch, a reporter from Hungarian News Agency Corporation, said he is sure that China will hit the growth target."If China sets 8-percent, it will be," Trebitsch said.He noticed that instead of only focusing on expansion, China is giving more attention to quality of growth.He noted, however, the key of economic development pattern transformation lies in implementation of policies in lower level governments."China is going to depend more and more on its own market, thus it has to take care of its people and domestic economy," said Trebitsch."Considering the circumstances that many countries are still suffering considerably, the target of 8 percent growth can leave room for Chinese people to improve their living standards," said Francois Jackman, counselor with Embassy of Barbados in China.As the first country emerging from the global economic downturn, China's gross domestic product (GDP) rose 8.7 percent in 2009 from a year earlier, above the 8-percent target the government set at the beginning of last year.China's quarterly economic growth accelerated as the government's economic stimulus package started to pay off. The national economy rose 6.2 percent in the first quarter last year, 7.9 percent in the second quarter, 9.1 percent in the third and 10.7 percent in the fourth.

BEIJING, Jan. 27 (Xinhua) -- Both output and sales values of China's machinery industry exceeded 10 trillion yuan (1.46 trillion U.S. dollars) last year, the China Machinery Industry Federation (CMIF) said here Wednesday.Output value reached 10.75 trillion yuan in 2009, up 16.07 percent from the year earlier. Sales value was 10.48 trillion yuan, up 16.11 percent,said Wang Ruixiang, the CMIF director.From January to November last year, the sector's profits reached 581.6 billion yuan, up 22.8 percent year on year.The auto sector was the "engine" that drove the overall growth of the industry last year, said Wang, adding nearly 30 percent of output value of the machinery industry was generated by automakers.Wang predicted the machinery sector would reach a 15 percent growth in output and sales values this year, with profits likely to grow 10 percent.

BEIJING, Feb. 21 (Xinhua) -- China's tourism revenue rose 26.9 percent to 64.62 billion yuan (9.46 billion U.S. dollars) during the Spring Festival, the National Tourism Administration (NTA) said Sunday.China received 125 million tourists during the holiday period from Feb. 13 to 19, up 14.8 percent from the same period last year, a statement on the NTA website said.Of the tourism revenue, 4.6 billion yuan came from airlines while 2.83 billion yuan from railways. The tourists spent 26.51 billion yuan in China's 39 key tourism cities and 30.68 billion yuan in other areas.Among the tourists, 29.92 million stayed overnight and 95.13 million stayed for less than one day.

BEIJING, Jan. 19 (Xinhua) -- Premier Wen Jiabao said Tuesday the acceleration of the adjustment of China's development pattern while maintaining steady and fast economic growth must run through all the government's work this year.The government should incorporate speeding up the transformation of the development mode into maintaining steady and relatively fast economic development, Wen said at a plenary meeting of the State Council, or Cabinet.At the meeting, a draft government work report, to be delivered at an annual national session of the country's parliament, was discussed.Chinese Premier Wen Jiabao presides over a plenary meeting of the State Council to discuss the draft of the government work report to be delivered at a national session of the country's parliament in Beijing, capital of China, Jan. 19, 2010The government must strengthen macro-economic control and carefully handle the relationship between maintaining steady and relatively fast economic development, adjusting economic structure and managing inflation expectations in a bid to create favorable conditions to transform the development mode, he said.The government would stick to the policy of expanding domestic demand this year to boost public consumption and optimize the investment structure, he said.Wen said the country should make "substantial progress" in transforming the economic development mode by continuing to push forward renovation of key industries, fostering strategic emerging industries, promoting accelerated development of the service sector, and improving the overall quality and competitiveness of the national economy.Chinese Premier Wen Jiabao (3rd L) presides over a plenary meeting of the State Council to discuss the draft of the government work report to be delivered at a national session of the country's parliament in Beijing, capital of China, Jan. 19, 2010The government would comprehensively implement its strategy of reinvigorating the country through science, education and expertise, and enhance its efforts to turn China into an innovation-oriented country so as to give technological and personnel support for the transformation of the development mode, he said.The government should also make efforts to improve the people's living standards and deepen reforms of "key fields" to establish a system which was conducive to the transformation, he said.At the meeting, Wen also outlined key work to be done in the first quarter of this year, a period which he said was crucial for China's economic and social development this year.He said the government must correctly judge the situation and make its macro-economic control policy more effective.He also urged the government to optimize credit structure and maintain a good rhythm of credit supply to guard against financial risks.A key task in adjusting the economic operation was to ease the supply and demand imbalance of electricity, coal, gas and transportation, he said.He urged relevant authorities to lose no time to implement policies already introduced, "increase commercial residential building supply", and "contain speculative purchases of homes" to promote steady and healthy development of the real estate market.Wen also called for enhanced efforts to ensure work safety and maintain social stability.The participants of the meeting agreed to issue the draft government work report to central and local government organs to solicit opinions.

BEIJING, Feb. 12 (Xinhua) -- Chinese leaders on Friday offered their Spring Festival greetings to people across the nation at a gathering to mark the incoming Lunar New Year.President Hu Jintao, top legislator Wu Bangguo, Premier Wen Jiabao and top political advisor Jia Qinglin attended the gathering, held by the Central Committee of the Communist Party of China (CPC) and the State Council at the Great Hall of the People in Beijing.Chinese President Hu Jintao presides over a gathering in Beijing, capital of China, Feb. 12, 2010Other leaders including Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang also attended the gathering.The Spring Festival, or the Chinese Lunar New Year, is the most important traditional festival for family reunion in China. It falls on Feb. 14 this year, and the weeklong holiday kicks off Saturday, or the eve of the Spring Festival. Top Communist Party of China (CPC) and state leaders Hu Jintao (front, C), Wu Bangguo (front, 4th R), Wen Jiabao (front, 4th L), Jia Qinglin (front, 3rd R), Li Changchun (front, 3rd L), Xi Jinping (front, 2nd R), Li Keqiang (front, 2nd L), He Guoqiang (front, 1st R) and Zhou Yongkang (front, 1st L) attend a gathering in Beijing, capital of China, Feb. 12, 2010