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To grow the economy, which has already been the world's second largest, requires not only informed confidence, but also targeted measures that respond to the economic reality.

BEIJING, March 17 (Xinhua) -- Chinese Vice Premier Wang Yang stressed the fight against counterfeiting and infringement upon intellectual property rights (IPR), especially for on-line trade and products sold to emerging markets.

Although young people are now more willing to spend, the Chinese are much more inclined than Westerners to save, which ensures abundant capital in the banking system to fund economic expansion.

In the past year, under the firm leadership of the Central Committee of the Communist Party of China (CPC) headed by General Secretary Xi Jinping, the NPC Standing Committee comprehensively implemented the guiding principles of the 18th National Party Congress and the third, fourth, and fifth plenary sessions of the 18th CPC Central Committee; followed the guidance of Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development; and fully grasped and put into practice the guiding principles from General Secretary Xi Jinping's major policy addresses.

"China firmly opposes any move that will stir up trouble in the Korean Peninsula," Hong said.