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BEIJING, March 5 (Xinhua) -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.The government vowed to keep the debt at "appropriate" level. The total deficit consists of 850 billion yuan in central government deficit and 200 billion yuan in local government bonds, which will be included in local government budgets, reads the report, which was distributed to the media before the opening of the Third Session of the 11th National People' s Congress (NPC). The Third Session of the 11th National People's Congress (NPC) opens at the Great Hall of the People in Beijing, capital of China, March 5, 2010The government will continue to implement the policy of structural tax reductions to expand domestic demand and promote economic restructuring.It will also keep running the package plan for dealing with the global financial crisis, and increase spending to complete work on projects now under construction, improve people's well-being and maintain stability.According to calculation of the Ministry of Finance, the planned budget will take up about 2.8 percent of the GDP.China's fiscal deficit hit 950 billion yuan last year, a record high in six years, but still less than 3 percent of GDP.

BEIJING, Feb. 21 (Xinhua) -- Some 64.15 million people travelled on China's roads on Saturday, the 22nd day of the Spring Festival traffic rush, the Ministry of Transport (MOT) said Sunday.This figure is a 7.8 percent increase compared to the corresponding day last year, as millions of people began to return to work as the one-week holiday neared its end, the MOT said in a statement on its website.The Spring Festival, or Chinese Lunar New Year, fell on Feb. 14 this year. It is the most important Chinese traditional festival for family reunions. Millions of Chinese journey across China during the 40-day rush period beginning Jan. 30.  Passengers queue up for tickets at the Nanchang Railway Station in Nanchang, capital of east China's Jiangxi Province, Feb. 21, 2010. Traval peak occurred throughout China as the Spring Festival holidays endedMore than 29.6 million passengers travelled by train during the Spring Festival week from Feb. 13 to Feb. 19, up 11.9 percent from a year earlier, China's Ministry of Railways (MOR) said Sunday.China's railways also carried 68.64 million tonnes of freight during the period, an increase of 29.7 percent compared to the corresponding week last year, the MOR said.  Passengers enter the Taiyuan Railway Station in Taiyuan, capital of north China's Shanxi Province, Feb. 21, 2010. Traval peak occurred throughout China as the Spring Festival holidays ended.

BEIJING, March 4 (Xinhua) -- Overseas media have widely reported China's measures to maintain social and economic development, after the annual session of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) opened Wednesday.The session outlined plans to keep the steady and fast development of economy, narrow the gap between city and country, and adjust income distribution pattern.The AP said that CPPCC National Committee Chairman Jia Qinglin said in a work report "2010 is a crucial year for China to respond to the impact of the global financial crisis and maintain steady and rapid economic development."The annual session of China's legislature, the National People's Congress (NPC), which opens Friday, was expected to "give a full airing to hot-button issues such as soaring real estate prices in many Chinese cities," it said.The Chinese government, which released a budget and work plan for the year, was expected to boost spending on education, pensions and medical care, continuing a push begun in the past decade to strengthen a tattered social safety net, it said.The annual plenary sessions of the NPC and the CPPCC National Committee are known as China's "two sessions."The AFP said China opened its annual parliamentary season Wednesday with a call from the Chinese leadership to keep up economic growth, maintain social stability and tackle a yawning urban-rural income gap.The two gatherings were the Chinese leadership's chance to showcase its efforts to tackle the key challenges facing the country, and economic concerns looked set to top that list, it said.Online, The Wall Street Journal Asia Edition said in an article the NPC's annual session would kick off Friday and this year's theme "naturally" was the economy.In a talk with China's netizens last week, Premier Wen Jiabao said "while it is the government's responsibility to expand the 'pie' of national wealth, it is the government's conscience to distribute it in an adequate manner," the article said.The Yonhap news agency said the Chinese government was speeding up its economic transformation after the global financial crisis because it realised it could not overcome future crises with its current economic structure dominated by cheap exports. China should keep a balanced development of service sectors and agriculture, and nurture the domestic market, it said. Economic transformation would be one of the hot topics of this year's NPC, it said.Yonhap said, although the Chinese economy was gradually recovering, China faced some serious problems, such as the widening urban-rural gap.China recently focused on migrant workers, eyeing the new generation of migrant workers born in the 1990s, and would discuss the making of the medium- and long-term layout for migrant workers.The Wall Street Journal said, while the 2009 NPC was obsessed with attaining an 8 percent growth rate, the priority for this year's session was to ensure a more equitable distribution of national income.A commentary on the website of Singapore's Lianhe Zaobao said that, from the perspective of China's economic development, it was in accordance with the needs of expanding China's consumption and transforming its economic growth mode for the country to gradually annul the dualistic structure between city and countryside, promote urbanization, scrap social welfare policies that discriminated against farmers, and ensure farmers' equal rights with urban dwellers.One of the major reasons for the long-term inequality between city and countryside was China didn't have a big enough "pie" to ensure the fair distribution of interests, it said.Canada's leading public policy magazine Policy Options said in a commentary that the Chinese leadership was paying more and more attention to the demands of the poor in remote regions.From the list of the central government's financial expenditures, it could be found that the government would heavily invest on infrastructure development and maintenance, medical reforms, poverty reduction and education, it said.

BEIJING, Jan. 25 (Xinhua) -- Emissions of sulfur dioxide, a major pollutant, in China dropped 10.4 percent last year compared with that of 2008, Minister of Environmental Protection Zhou Shengxian said here Monday.Zhou told a national conference that sulfur dioxide emissions were down 24.6 percent compared with that of 2005.The government set the target of cutting emissions of major pollutants, such as sulfur dioxide and chemical oxygen demand (COD), a measure of water pollution, by 10 percent from 2006 to 2010, the 11th Five-Year Plan period.Zhou said the country's COD and emissions of sulfur dioxide fell for four consecutive years after the target was set at the beginning of 2006.He said the successful reduction of sulfur dioxide emissions could be attributed to the use of desulfurization. Statistics show China had built more than 411 million kilowatts of desulfurization units since 2006.However, he said it was still difficult to reduce the amount of COD and the reduction progress was far different among regions.He said this year was the last year in achieving the 11th Five-Year Plan and the government appraisal showed that the environmental protection goal set in the plan could be achieved in time.Zhou said more than 400,000 tonnes of sulfur dioxide would be reduced this year and another 200,000 tonnes of COD would be cut down after the 11th Five-Year Plan was met.

BEIJING, March 24 (Xinhua) -- China's State Council, the Cabinet, said Wednesday the country would step up efforts to encourage investment from the private sector.The government would encourage private investment in sectors currently mainly state controlled such as infrastructure for transport, telecommunications and energy, public utility, scientistic and technological programs for national defense, and the building of affordable housing, according to a statement released after the Cabinet's executive meeting Wednesday chaired by Premier Wen Jiabao.The State Council called for private firms, which played an important role in creating jobs, to strengthen independent innovation and roll out more new products, according to the statement.The government would also help some private enterprises set up technology research centers.Private companies were welcome to participate in the reform of state firms by purchasing a stake in them, it said.The government said it would create a good environment for private investment by setting up a sound administrative service system and amend unfavorable laws and regulations.In an effort to combat the global financial downturn, the government agreed at the Central Economic Work Conference last December to promote private enterprises so to create jobs, to increase market access for private investment and protect the legitimate rights and interests of private investors.