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BEIJING, Dec. 29 (Xinhua) -- Chinese President Hu Jintao has stressed the need to stabilize commodity prices, extend the coverage of the social security network and boost employment to ensure the country develops in a comprehensive, coordinated and sustainable manner.Hu made the call Tuesday when presiding over lectures on economic development attended by members of the Political Bureau of the Communist Party of China (CPC) Central Committee.The lectures were given by two researchers respectively from the National Development and Reform Commission and the Chinese Academy of Social Sciences.Efforts should be made to establish a long-term mechanism that increases consumptions, renovate and upgrade traditional industries, and cultivate and support strategic emerging industries, Hu noted.Hu, also general secretary of the CPC Central Committee, called for deepening of the country's reform and opening up, adding that improving people's livelihood and ensuring their well-being, promoting economic growth and maintaining social stability are the Party's top agenda.Hu said impetus should be given to the development of the service industry as well as to the coordination of regional development, and vigorous yet steady endeavors should be made to advance urbanization.Hu also called for efforts to embrace reform and innovation in the country's economic, political, cultural and social systems and urged local authorities to seek opinions and advice from the people in formulating regional development blueprints.Further, Hu asked CPC officials to cement their ties with the people and do practical things for the public.

BEIJING, Dec. 29 (Xinhua) -- China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC).The report by the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter monetary policy, and the government's planned economic restructuring for 2011, the first year of China's 12th five-year plan.The Chinese government announced in early December that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at a sustainable pace.The report also said government policies this year to curb soaring property prices in some major cities, and the country's efforts to improve energy efficiency had slowed the economy with the GDP dropping to 9.6 percent in the third quarter, down from the second quarter's 10.3 percent and 11.9 percent in the first quarter.The report also forecast inflation to rise 4 percent in 2011, compared to the 3.3-percent rise expected for 2010. It said that in the second half of the year, the producer price index (PPI) for China's industrial products had kept rising along with the consumer price index (CPI), adding more inflationary pressure for the future.The Chinese government set a 3-percent target for inflation this year, but looks unachieveable after the index rose 3.2 percent during the first 11 months. Pushed up mainly by rising food prices, the index soared 5.1 percent in November to a 28-month high.The report also predicted new lending next year would be 7 trillion yuan (1.06 trillion U.S. dollars), just slightly down from the 7.5 trillion yuan target set by the government for 2010.Growth rates of retail sales of consumer goods and industrial value-added output would see a slight drop from year 2010, while imports would likely grow by 18 percent, 3 percentage points higher than exports.As inflation triggers wider public concerns, expectations for more hikes in interest rates are strengthening. The report forecast the People's Bank of China, the central bank, would likely hike rates for up to three times next year, mostly during the first half of the year.The central bank on Sunday raised the benchmark one-year lending and deposit rates by 25 basis points for the second time in just over two months. It had also set higher commercial lenders' reserve requirement ratio six times this year in a move to tighten liquidity amid climbing inflation.

NEW DELHI, Dec. 16 (Xinhua) -- Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh on Thursday reaffirmed their commitment to promote bilateral relations.In their talks, Wen said the relationship between China and India has experienced an unusual course of development over the past 60 years. However, friendly cooperation has always been the main stream, which is not only in the interest of both countries and peoples, but also helpful for peace and development of the region and the world at large.The Chinese premier, who arrived here Wednesday for his second official visit to India following the trip in 2005, pointed out that this year marked the 60th anniversary of the establishment of China-India diplomatic ties.He said he is satisfied with the progress of bilateral relations over the years and looks forward to the future.The two countries should grasp the historical opportunity to boost political and strategic mutual trust and move forward the China-India relations along the track of lasting friendship, mutually beneficial cooperation and common development, Wen added."I hope my current visit is the one to carry on the past and open a way for future, which will further enhance our win-win cooperation," Wen said.Singh said that high-level exchanges between China and India have become closer, and political and strategic mutual trust has continuously improved.He said that the comprehensive cooperation in all fields has been enhanced ever since the two countries established a strategic and cooperative partnership for peace and prosperity five years ago.At present, the two countries are at a crucial stage of development, Singh said.He said the enhancement of communications and cooperation was not only conducive to the development of India and China, but also will push forward the rejuvenation of Asia and promote world peace and development."I believe the visit of Premier Wen will give a new impetus to bilateral relations," Singh said.

BEIJING, Jan. 15 (Xinhua) -- Qiushi, or "Seeking Truth," the official magazine of the Communist Party of China (CPC) Central Committee, will publish an article by senior CPC leader Zhou Yongkang on Sunday. In the article, Zhou, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, called for an education and practice campaign in 2011 to foster a politically steadfast, professionally competent and impartial law-enforcement force with a superior work style. Zhou is also the secretary of the Commission for Political and Legal Affairs of the CPC Central Committee.