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BEIJING, Oct. 16 (Xinhua) - China's gross domestic product (GDP) will grow about 9 percent next year, but the economy will be challenged by rising labor costs, liquidity problems and difficulty in sustaining rapid growth in the long run, a senior researcher at the country's top think-tank said Saturday.Liu Shijin, deputy director of the Development Research Center of the State Council, or China's Cabinet, spoke at the OTO Fortune Forum held by the Bank of Communications.As for the year 2010, Liu predicted an annual 10-percent GDP growth due to the economic slowdown in China during the second half of the year.He said China's exports and investments would be much better in 2011 than this year, but the growth rate of consumption would pull back slightly from this year's boom, making 9 percent growth "very likely".To keep its economy on track for sustained growth, however, China still faces three major challenges in the long term, according to Liu's research."The first challenge comes from the rapid rise of labor costs in the country," Liu said, warning: "The competitiveness of Chinese companies will be threatened by rising labor costs unless they find a new source of growth, such as innovation."The second challenge is from liquidity as China's currency, the renminbi, and other non-U.S. dollar currencies are under forced appreciation pressure following the Federal Reserve's considering a new round of quantitative easing of the monetary policy, he said.The greenback, which serves as the world's reserve currency, tumbled against most major currencies this week on expected easing move by the Federal Reserve to pump more money into the U.S. economy next month.Meanwhile, China's economic stimulus package also injected excessive liquidity into the market, pushing up prices of commodities, equities and other land-related assets or resources, he added.The third major challenge concerns whether China can maintain its quick economic expansion in the future, he said.According to Liu's forecast, in the next three to five years China's GDP growth will slow to a moderate speed of around 7 percent from its current 10 percent."Actually, we don't have to be too worried about an economy with moderate expansion," he said, "because the current economic growth is too high for China."

NANJING, Oct. 4 (Xinhua) - Three months after high school, 18-year-old Wang Mingyuan landed a part-time job in KTK Group, one of China's leading railway components manufacturers, in east China's Jiangsu Province.Unlike other migrant workers, Wang also started a three-year vocational school education at the same time, thanks to the work-study program launched this year by the Jiangsu provincial government.The program offers employment opportunities in high-technology and community-service fields to vocational school students. Currently, Wang works three days of each week in the company and spends another two days as a student, learning computer science and engineering."I felt very depressed about the future when I knew I failed the college entrance exam. But after attending the work-study program, I think if I work hard, I may fare as well as those with college educations," Wang said."Through the program, I could gain career-related, on-the-job work experience, which is valuable for my job hunting and career development," he continued.For a long time, college has been seen as a necessary, even if not sufficient, ticket to the middle class by the Chinese people. However, the steadily increasing number of students attending Chinese colleges since the late 1990s caused a growing number of graduates to fail in finding a job.In contrast, skilled workers are badly needed in China as skilled job vacancies hit 4 million across the country by the end of 2009."As the country's industrial restructuring accelerates, the demand for skilled workers will become increasingly buoyant," said Huo Jianguo, director of the Trade Research Institute affiliated with the Ministry of Commerce.On the one hand, the employment market ran short of skilled workers. On the other hand, China's employment situation remained grave as millions of people were laid off, Huo said.

XI'AN, Oct. 30 (Xinhua) -- Chinese Vice Premier Li Keqiang has stressed the importance of industrial structure upgrading through reforms and innovation in line with scientific development and requirements from accelerating economic growth mode transformation.Li made the remarks while visiting Xi'an, capital of northwestern China's Shaanxi Province from Thursday to Friday.Also, Li said the people's living standards should be improved in economic growth and growth quality and benefits should be upgraded in restructuring, he said.Chinese Vice Premier Li Keqiang (L, front), also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, discusses with a technician on the issues concerning wireless communications at China IWNCOMM Co., Ltd. in Xi'an, capital of northwest China's Shaanxi Province, Oct. 28, 2010. Li Keqiang made an inspection to Xi'an on Oct. 28 and 29.Li visited the Xi'an-based China IWNCOMM Co., Ltd, which ranks among the leading global companies in network security technology.Li said industrialization of scientific results should be promoted in the high-tech sector and emerging strategic sectors should be actively developed to nurture new economic growth points.

BEIJING, Sept. 19 (Xinhua) -- Chinese Vice Foreign Minister Wang Guangya made solemn representations to Japanese ambassador to China Uichiro Niwa on Sunday evening to express strong indignation and protest against Japan's prolonged detention of a Chinese skipper."The incident created by the Japanese side has severely damaged China-Japan relations," said Wang, stressing how the situation develops completely depends on what choices the Japanese side will make.The Japanese authorities on Sunday afternoon extended the detention of the captain to Sept. 29.Two Japan Coast Guard patrol ships and the Chinese fishing boat collided in waters off the Diaoyu Islands on Sept. 7. The Japanese side illegally seized the Chinese trawler and fishermen, and continued to illegally hold the Chinese captain despite firm protests by the Chinese side.Wang warned China will take strong counter measures if the Japanese side fails to release the Chinese captain immediately and unconditionally."Japan shall bear all the consequences that arise," he noted.Sources with the Foreign Ministry said earlier Sunday China had already suspended bilateral exchanges at and above the provincial or ministerial levels, halted contact with Japan on the issues of increasing civil flights and expanding aviation rights between the two countries.A bilateral meeting on coal has also been postponed.In the mean time, the number of Chinese citizens traveling to Japan as tourists has already declined.

BEIJING, Aug. 30 (Xinhua) -- Jia Qinglin, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, spoke highly of the country's private business people here Monday for their long-term efforts in the Guangcai (Glory) poverty-eradication program.Jia, also member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, gave his cordial thanks to a group of delegates attending a meeting of the China Society for the Promotion of the Guangcai Program (CSPGP), including those from Hong Kong and Macao.The private sector should be active in education, medical, cultural and employment-boosting programs, as well as in infrastructural and environmental work, in the poverty-stricken areas, Jia said.The leader also advised the Society to increase exchange with the United Nations organizations and non-government organizations abroad.On April 23, 1994, the China Guangcai Program was launched to help fight poverty in economically backward areas in response to the government's Eighth Seven-Year Anti-Poverty Plan (1994-2000).

来源：资阳报