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BEIJING, Dec. 31 (Xinhua) -- China is poised to further improve its people's livelihoods and promote social equity in 2011, the inaugural year of implementing its development blueprint for the 12th Five-Year-Plan period.Only with deep respect and extensive care for people's wills and interests can a ruling party have inexhaustible support from the people and the country, under the leadership of such a party, can accomplish remarkable achievements in development.China, under the leadership of the Communist Party of China (CPC), is prepared to further deepen reforms in education, health care, housing, public cultural services and enhance investment in people's livelihoods in the new year.Also, more attention of the authorities will be given to protecting the legal rights of China's vulnerable groups and ordinary workers, as well as fulfilling the general public's expectations for a better life.Thanks to the strong leadership of the CPC, China has succeeded in keeping a strong pace in social and economic development over the past year, which marks the perfect conclusion of its well-implemented plan for the last five years (2006-2010).In 2010, China had a relatively rapid economic development. It picked up steps towards economic restructuring and achieved a seventh consecutive year of growth for China's grain output, as well as bettering people's livelihoods, deepening reforms and opening up.China successfully stood the test of natural disasters, including widespread droughts in the southwest region, a 7.1-magnitude earthquake and a huge landslide in northwest Qinghai and Gansu provinces.The government's quick and efficient responses to these emergencies have, for another time, demonstrated the superiority of China's socialism and the great achievements in China's reform and opening up.The country also held the Shanghai World Expo which, attracting 246 participating countries and international organizations and a record number of 73 million visitors, has been hailed as the largest ever such event.Further, the 16th Asian Games held in the southern China city of Guangzhou drew some ten thousand athletes from 45 countries and regions in Asia to compete.The two events provided a splendid picture of how Chinese culture and the world's other cultures co-exist in harmony and displayed a broad-minded and open image of China.All those experiences and achievements China earned in 2010 has set a strong foundation for China to further its reforms and development in the forthcoming five years.A critical period for China to build a well-off society in an all-around way, the coming five to ten years will be a more difficult phase of China's reforms, which will be marked by the interweaving of short-term and long-term problems, structural and systematic problems, as well as domestic and international challenges.That means China will be faced with a more urgent and challenging task in transforming its economic growth mode, improving people's livelihoods and safeguarding social stability.But, basically, China is still within a period of strategic opportunities for its development. China should grasp opportunities for development while tackling challenges.In 2011, China is set to speed up its economic restructuring, with more attention directed to stabilizing its overall price level.China will step up its move towards a coherent and sustainable economic development, maintaining a balance between the speed of development on the one hand, and the economic structure and the quality and efficiency of economic growth, on the other.It is convinced that China, with a strong CPC leadership, will make greater achievements in development in a scientific way and well resolve social and economic conflicts and disputes in 2011, thus advancing the socialism with Chinese characteristics into a brighter future.

BEIJING, Dec. 29 (Xinhua) -- Chinese President Hu Jintao has stressed the need to stabilize commodity prices, extend the coverage of the social security network and boost employment to ensure the country develops in a comprehensive, coordinated and sustainable manner.Hu made the call Tuesday when presiding over lectures on economic development attended by members of the Political Bureau of the Communist Party of China (CPC) Central Committee.The lectures were given by two researchers respectively from the National Development and Reform Commission and the Chinese Academy of Social Sciences.Efforts should be made to establish a long-term mechanism that increases consumptions, renovate and upgrade traditional industries, and cultivate and support strategic emerging industries, Hu noted.Hu, also general secretary of the CPC Central Committee, called for deepening of the country's reform and opening up, adding that improving people's livelihood and ensuring their well-being, promoting economic growth and maintaining social stability are the Party's top agenda.Hu said impetus should be given to the development of the service industry as well as to the coordination of regional development, and vigorous yet steady endeavors should be made to advance urbanization.Hu also called for efforts to embrace reform and innovation in the country's economic, political, cultural and social systems and urged local authorities to seek opinions and advice from the people in formulating regional development blueprints.Further, Hu asked CPC officials to cement their ties with the people and do practical things for the public.

BEIJING, Dec. 3 (Xinhua) -- China's central government on Friday declared new policies to encourage private funds, including overseas capital, to be channeled to the medical sector to meet the country's increasingly diversified demands on health care.The new policies, dubbed "guideline to encourage and lead social capital to sponsor health-care institutions" were posted on the central government's official website www.gov.cn.It clearly stipulated that social capital should enjoy preferential treatment when China is adjusting or increasing medical resources and social funds will be encouraged to participate in governmental restructuring of hospitals.Overseas investments are now welcomed to sponsor hospitals, while the procedures will be further simplified, according to the guideline.The general office of the State Council, or cabinet, required local governments to amend their documents accordingly and get rid of any policies that impede the development of non-governmental medical institutions.Also, the new policies encourage social funds to take part in governmental hospital reforms and convert some government-backed hospitals into non-governmental institutions to reduce the ratio of public hospitals, said an official with the medical and health care system reform office under the State Council.China will deepen the opening-up of medical institutions and turn the overseas-invested medical sector from the "limited (towards foreign investment)" category into a category that allows foreign investment, the official said.

BANGKOK, Nov. 11 (Xinhua) -- Visiting top Chinese legislator Wu Bangguo on Thursday called on Chinese Thais and Chinese in Thailand to contribute more to bilateral friendly relations between China and Thailand at a welcome banquet held by Chinese groups here.Wu, on behalf of the Chinese government and people, extended his sincere greetings and best wishes to Chinese in Thailand and Chinese Thais, saying he was impressed by the kinship-like relations between the two countries during his meetings with Thai government and parliament leaders.Wu highly evaluated the contribution made by Chinese in Thailand and Chinese Thais to Thailand's economic prosperity and social development, China's modernization and peaceful unification, and China-Thailand good neighborliness and friendship, adding that the Chinese government and people will never forget that.Wu Bangguo, chairman of the Standing Committee of the National People's Congress of China, the country's top legislature, addresses an evening banquet held by overseas Chinese in Bangkok, capital of Thailand, Nov. 11, 2010."As long as we uphold the banner of socialism with Chinese characteristics, unswervingly go ahead along the road of socialism with Chinese characteristics, further implement the Scientific Concept of Development, further emancipate the mind, stick to the opening up and reform, push forward development in a scientific way, promote social harmony, China will be built into a modern socialist country in the end," the Chinese leader stressed.Wu Hongfeng, chairman of the Chinese Chamber of commerce in Thailand, said Chinese in Thailand and Chinese Thais are proud of China's tremendous achievement in 30 years of opening up and reform as China has witnessed a rapid economic development, strongly boosted overall national strength and a rising role in international arena.He said the top Chinese legislator's visit has enhanced the two countries' friendship, deepened their mutually beneficial cooperation and composed a new chapter in the Thailand-China friendly relationship.Wu Bangguo arrived here on Wednesday for a four-day visit after wrapping up his visit to Indonesia. He also visited Cambodia before.

BEIJING, Dec. 22 (Xinhua) -- China unveiled a new asset-management company that aims to restructure and merge small, uncompetitive state-owned enterprises (SOEs) on Wednesday.The new firm, China Reform Holdings Corporation Ltd., will focus on "reorganizing small-sized SOEs which do not affect national security and are not crucial to the national economy," the State-owned Assets Supervision and Administration Commission (SASAC), the SOE watchdog, said in a statement.The first-phase registered capital of the new company, which is wholly owned by SASAC, is 4.5 billion yuan (681 million U.S. dollars). SASAC has not yet revealed which companies will be involved in the reshuffling.Xie Qihua, former chairman of the Baosteel Group Corporation, China's largest steel maker, has been appointed board chairman of the new company.Liu Dongsheng, an SASAC official, will act as general manager, it said."The launch of the new company marks an important move to optimize the relocation of state economic resources and to give state capital more vitality, control and impact on key sectors," Wang Yong, deputy director of SASAC, said at the launching ceremony.He noted because the assets of the reshuffled companies took up a considerable amount of the entire state assets, the restructuring plays an active role in improving asset quality.According to SASAC' s plan, the company will participate in the share-holding reform of the reshuffled enterprises, and will also invest in emerging industries with strategic importance.Also at the launching ceremony, Wang stressed that the company is an asset management company rather than an investment group, ending rumors that it will become China's second sovereign fund after the China Investment Corporation (CIC).He noted the new company's mission is explorative and challenging, which needs to deal with it in a proactive and cautious way.In order to enhance the state company's efficiency and competitiveness, SASAC cut the number of SOEs under its direct control from 196 to 122 over the last seven years. They are expected to be further consolidated into around 100 by the end of 2010, according to SASAC plans.However, SASAC officials said it remains difficult to meet the target in time."It takes time to meet the goal," said Shao Ning, deputy director of SASAC. He added that the restructuring should take place when the time is right, and should give priority to "quality" and "good results" to ensure stability of the enterprises.In order to help the uncompetitive companies withdraw from the market in a stable manner, SASAC promised to offer support for the employers in those companies.Zhou Fangsheng, an expert on SOE issues, said it is good news for the uncompetitive SOEs to be merged into the new company with their debt relieved.But it is still quite explorative, he added.The new company is the third oversight asset management company by SASAC, besides the China Chengtong Group and the State Development & Investment Corp.Shao Ning told Xinhua that the previous two companies have their own business scope, besides dealing with non-performing assets. But the new company will only focus on asset management.Profits of China' s SOEs rose by 43 percent year on year to hit 1.81 trillion yuan (271.92 billion U.S. dollars) in the first 11 months, according to the figures released by the Ministry of Finance on Dec. 17.However, profits were concentrated in a small number of companies, such as oil producers and refiners, telecom operators and power companies which enjoy monopolies and easy bank loans.Companies in the traditional sectors, such as textiles and light industries, reported meager profits.A stronger presence of the monopolistic SOEs aroused complaints by the nation's private businesses, which had no easy access to bank credit but provided more than 80 percent of the job opportunities in the nation.China's SOEs include SOEs directly controlled by the central government and SOEs supervised by local governments, but excludes state-owned financial enterprises.