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BEIJING, Oct. 27 (Xinhua) -- China will stick to the strategy of expanding domestic demand, consumption in particular, and seek a new phase of economic growth boosted by consumption, investment and exports, according to an official document released Wednesday.The document, the Communist Party of China (CPC) Central Committee's Proposal for Formulating the 12th Five-Year Program for China's Economic and Social Development (2011-2015), was adopted at the Fifth Plenum of the 17th CPC Central Committee, which concluded nine days ago.Macro-economic controls would be boosted, according to the document.A key task in the 12th Five-Year Plan would be to consolidate and expand achievements in fighting the global economic downturn. China would seek a balance between stable and relatively fast economic growth, restructuring and inflation expectation management.Consistency and stability of the macro-economic policies would be maintained, while improving their flexibility, scientific properties and foresight to guard against potential risks and avoid drastic economic fluctuations.Short and long-term macro-economic controls would be combined, while policies were coordinated to ensure stable and relatively fast economic growth.A long-term mechanism would be built to boost consumption demand.Consumption would be highlighted in expanding domestic demand to release urban and rural consumption potential and allow China to ascend to the top-ranking markets in the world, said the document.

BEIJING, Oct. 18 (Xinhua) -- Following is Xinhua's translation of the full text of the Communique of the Fifth Plenum of the 17th Central Committee of the Communist Party of China (CPC), which was passed on Oct. 18:Communique of the Fifth Plenum of the 17th Central Committee of the Communist Party of China(October 18, 2010)The Fifth Plenum of the 17th CPC Central Committee was held in Beijing from October 15 to 18, 2010.Present at the plenum were 202 members and 163 alternate members of the CPC Central Committee. Members of the Standing Committee of the CPC Central Commission for Discipline Inspection and leading officials of relevant departments attended the meeting as non-voting delegates. Some delegates to the 17th CPC National Congress, including a few from the grass roots and a few experts and scholars, also attended the meeting as non-voting delegates.The plenum was presided over by the Political Bureau of the CPC Central Committee. Hu Jintao, General Secretary of the CPC Central Committee, delivered an important speech at the plenum.The plenum listened to and discussed the working report delivered by Hu Jintao, who was entrusted by the Political Bureau of the CPC Central Committee, and adopted the "CPC Central Committee's Proposal for Formulating the 12th Five-Year Program for China's Economic and Social Development (2011-2015)". Wen Jiabao made an explanatory speech on the draft proposal to the plenum.The plenum fully recognized the work of the Political Bureau of the CPC Central Committee since the Fourth Plenum of the 17th CPC Central Committee. The plenum unanimously agreed that the Political Bureau of the CPC Central Committee, faced with the fallout of the international financial crisis and sweeping changes in international and domestic landscapes, has thoroughly implemented the guidelines of the 17th CPC National Congress and the First, Second, Third and Fourth plenums of the 17th CPC Central Committee, held high the great banner of socialism with Chinese characteristics, and followed the guidance of the Deng Xiaoping Theory and the important thought of the "Three Represents," and comprehensively implemented the Scientific Outlook on Development. The Political Bureau of the CPC Central Committee has united and led the whole Party, military and Chinese people of all ethnic groups to celebrate the 60th anniversary of the founding of the People's Republic of China, effectively implement the stimulus package to counter repercussions of the international financial crisis, improve macro-regulation in a targeted manner, consolidate achievements in fighting the international financial crisis, accelerate the transformation of the economic growth mode, maintain stable and relatively rapid economic development. The Political Bureau of the CPC Central Committee has united and led the whole Party, military and Chinese people of all ethnic groups to make efforts to ensure and improve people's livelihoods, effectively cope with severe natural disasters such as the Yushu earthquake in Qinghai province and the Zhouqu mudslide in Gansu province, successfully accomplish the campaign of learning in-depth the Scientific Outlook on Development by all Party members and successfully host the Shanghai World Expo. The plenum agreed that remarkable progress had been made in various works and programs of the Party and the nation.

SHANGHAI, Oct. 18 (Xinhua) -- China will continue to promote gradual exchange rate reforms, even while the yuan is expected to stabilize at a reasonable level, said Yi Gang, head of the State Administration of Foreign Exchange (SAFE) Monday in Shanghai.Yi, also deputy governor of the People's Bank of China (PBOC), or the central bank, made the remarks at a seminar held by the International Monetary Fund (IMF) to discuss the theme "Macro-Prudential Policies -- an Asian Perspective"."The flexibility of the yuan has increased since China launched exchange rate reforms in June. We will further boost those reforms, but the process will be gradual," Yi said."Judging from the markets, the yuan can remain stable at a reasonable and balanced level," he said.China will also continue to expand domestic demand and boost construction in rural medical services, education and infrastructure, he said.Five years ago, China abandoned a decade-old peg to the U.S. dollar and allowed its currency to fluctuate against a basket of currencies and appreciate by 2.1 percent.Since then, the yuan has strengthened further, albeit slowly, and has risen more than 21 percent against the greenback.On June 19 this year, the Chinese central bank announced that it would further reform the yuan's exchange rate mechanism to improve its flexibility.

GUANGZHOU, Oct. 10 (Xinhua) -- Police conducted a hostage rescue drill on Sunday in south China's Guangzhou City as authorities beefed up security about one month prior to the opening of the 2010 Asian Games.Police first practiced rescue operation simulating the bus hostage crisis in the Philippine capital about two months ago. Eight Hong Kong tourists were slain during an ill-prepared rescue by the Philippine police against a lone gunman who hijacked a tourist bus in Manila on Aug. 23.Police officers were not told of the time and location of the drill in advance to test the emergency response of the city's police forces, a senior police officer said.During the drill, a group of armed men "hijacked" a bus carrying athletes and gunned down security guards on their way out of the Asian Games Village. After "negotiations" failed, police quickly broke into the bus and seized the attackers.The second part of the drill involved in rescuing "hijacked" foreign athletes in a room in the Village.After finding the hijackers attempted to kill the hostages, the police stormed the room, overwhelming the attackers and freeing the hostages.Chinese authorities have activated over one hundred checkpoints on the roads and waterways linking areas to the hosting cities of the Games on Sunday.A total of 132 checkpoints, scattered in Guangdong Province and five neighboring regions, are responsible for screening people, vehicles and goods, officials with the Ministry of Public Security said.The 2010 Asian Games is scheduled to open on Nov. 12. The events will be held in four cities in Guangdong.