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BEIJING, Nov. 28 (Xinhua) -- China has vowed to maintain its macroeconomic policy stance in 2010 despite worries that its stimulus is likely to risk fueling new bubbles and overcapacity.     A meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee agreed Friday that the country will continue the proactive fiscal policy and moderately easy monetary policy next year.     "It is a must for the country to stick to the pro-growth policy stance," said Zhang Liqun, a researcher with the Development Research Center of the State Council, one of China's top think tanks.     "A guarantee to the 8-percent growth target this year does not mean the national economy has been on an independent and stable developing track," Zhang said.     Many uncertainties, both at home and abroad, still weighed on China's economy and it was quite necessary for the government to maintain its policy stance, said Feng Fei, a senior researcher at the Development Research Center of the State Council.     China's economic growth has approached its pre-crisis level a year after the adoption of the 4-trillion-yuan (585.6 billion U.S. dollars) economic stimulus package.     The country's economy grew 8.9 percent year on year in the third quarter this year, accelerating from 7.9 percent in the second quarter and 6.1 percent in the first quarter. In the third quarter last year, it increased 9 percent year on year.     However, the country's strategy has raised concern that loose money could inflate prices of stocks and housing, build up unneeded factories and saddle the economy with bad debts.     Although the current stimulus package had side effects, it was not the time for retreat, said Zhuang Jian, a senior economist with the Asian Development Bank.     The government should be aware of the hidden trauma in economic growth and be ready at all time for popping-up problems by improving the policy flexibility, he said.     It was important to enhance the flexibility and focus of macro regulation, considering the inflationary expectations, assets bubble risk and rapidly changing economic situation, Feng said.     The Political Bureau vowed to enhance the focus and flexibility of economic policy in the following year according to new situations. It would also further implement and enrich the economic stimulus package to make the economy grow in a more stable, balanced and sustainable way.     Bureau members agreed the government would maintain continuity and stability in its macroeconomic policies, according to a statement released after the meeting.     The barely-changed wording in the statement of the meeting, convened ahead of the annual Central Economic Work Conference, would set the tone for next year's economic work, said Wang Tongsan, a senior researcher with the Chinese Academy of Social Sciences.     He noted that the "five highlights" in the statement would be mid- and long-term strategy for economic and social development in China, which would enable the country to grab the opportunity during the crisis.     The country would step up efforts to improve the quality and efficiency of economic growth, to promote the transformation of the economic development pattern and structural adjustments and to promote innovation and reform and opening up to enhance the vigor and momentum of economic growth, the statement said.     It also urged more efforts to improve people's livelihood and maintain social stability, and to coordinate the domestic and international situation.

BEIJING, Oct. 31 (Xinhua) -- Chinese Premier Wen Jiabao on Saturday called for tightened prevention measures against A/H1N1 influenza as the country recorded an increasing number of people catching seasonal influenza upon the arrival of winter.     In a visit to a children's hospital in the Chinese capital, Wen said the country faces severe challenges in the prevention and control of A/H1N1 and some areas are likely to have a sharp increase in the number of patients infected by the epidemic.     He said the country is fully confident and capable of doing well the prevention and control work of the A/H1N1 flu and would spare no effort in helping patients, especially those with severe symptoms, to recover. Chinese Premier Wen Jiabao (R2) talks with patients at the Beijing Children's Hospital in Beijing, capital of China, Oct. 31, 2009. Premier Wen visited A/H1N1 patients and medical staff at the Beijing Children's Hospital in Beijing on Saturday    Doctors would reassure patients that A/H1N1 flu can be prevented, controlled, and cured, he said.     Wen required intensified efforts to spread the knowledge concerning prevention and control of A/H1N1 flu and asked medical authorities to beef up prevention measures in schools and urban communities.     He also urged to mobilize residents to inoculate A/H1N1 flu vaccines on a volunteer basis and called on vaccine producers to speed up their production.     Medical staff should be careful and avoid infection when treating patients, he said.

BEIJING, Nov. 9 (Xinhua) -- China Merchants Securities, a leading domestic brokerage firm, announced Monday that it has set its A-share initial public offering (IPO) price range between 26 yuan (3.8 U.S. dollars) and 31 yuan.     The Guangdong-based brokerage is scheduled to issue no more than 358.5 million shares, it said in a statement to the Shanghai Stock Exchange Monday.     The IPO price translates into a price to earnings (P/E) ratio between 47.18 and 56.26 times. The subscription of the company starts on Tuesday, said the company.

KUALA LUMPUR, Nov. 10 (Xinhua) -- The China-Malaysia relationship is now at an important stage of opening up the future and faces a new opportunity for further development, Chinese President Hu Jintao said here Tuesday evening when meeting with Malaysian Supreme Head of State Mizan Zainal Abidin.     At the welcoming banquet held by Mizan in Hu's honor, the two leaders expressed satisfaction with the good momentum in the development of bilateral ties, saying they are ready to work together to further deepen China-Malaysia cooperation so as to bring benefits to their people and make greater contribution to peace and development in the region. Chinese President Hu Jintao (C) and his wife Liu Yongqing pose with Malaysian Supreme Head of State Mizan Abidin (R) for a group photo during their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said that when profound and complicated changes had taken place in the region and consequences of the international financial crisis were still keenly felt, expanding strategic cooperation between China and Malaysia is not only in the common interests of both countries, but also conducive to regional stability and prosperity.     Hu said China attaches great importance to the development of its relations with Malaysia, and is ready to work together with Malaysia to lift bilateral friendly cooperation to higher stages. Chinese President Hu Jintao (3rd L, front) exchanges gifts with Malaysian Supreme Head of State Mizan Abidin (4th L, front) after their meeting in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said China and Malaysia are good neighbors, friends and partners and that the two peoples share long history of friendly exchanges.     Since the two countries established diplomatic ties 35 years ago, bilateral links have witnessed great progress, Hu said.     With the two countries having established a strategically cooperative relationship, political mutual trust has been continuously deepened and economic and trade cooperation has yielded remarkable results, bringing substantial benefits to the two peoples, Hu added. Chinese President Hu Jintao (C, front) meets with Malaysian Supreme Head of State Mizan Abidin (R, front) in Kuala Lumpur, Malaysia, Nov. 10, 2009Hu said the two sides have expanded exchanges and cooperation in various areas such as education, culture and tourism, and the two peoples have also developed mutual understanding and friendship.     The two countries have maintained close communication and coordination on major international and regional issues and have worked together to safeguard the interests and rights of the developing countries, he said.     Mizan welcomes President Hu's visit to Malaysia, saying the two countries share time-honored friendship and close ties.     Mizan said his country admires the achievement of the People's Republic of China over the past six decades since its founding.     He said that since the establishment of diplomatic ties 35 years ago, the two countries have carried out pragmatic cooperation in a wide range of fields, including trade, investment, tourism, agriculture, education, science and technology.     There have also been frequent exchanges of high-level visits and rapid growth of people-to-people contacts, said the Malaysian leader.     It is very important for the two countries to step up bilateral economic cooperation amid the current global economic recession, he said.     He noted that the two sides share common views and cooperate closely on many regional and international issues, which has served to safeguard the legitimate interests of the two countries and other developing countries.     Malaysia appreciates China's consistent efforts to strengthen cooperation with the Association of Southeast Asian Nations (ASEAN), he said     Malaysia and China have great potential to enhance their cooperation, he said, adding that further development of bilateral ties will be in the interests of both countries and contribute to peace and stability of the region.     President Hu arrived in Kuala Lumpur Tuesday afternoon for a state visit to Malaysia at the invitation of Mizan. During his stay, Hu will also meet with Malaysian Prime Minister Najib Tun Razak and have extensive contact with people from various sectors of Malaysia.