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"The decline of the PPI has highlighted the grim facts of sluggish market demand, shrinking business orders and continuing destocking," he said.

President Hu Jintao on Saturday congratulated the successful launch of the Shenzhou-9 manned spacecraft.

Other workers were seen acting as "human road signs" near the Beitaiping Bridge, standing in deep pools and guiding vehicles to evade manholes, as a lot of manhole covers were pressured out by underground water to nowhere.

Authorities will encourage private capital to participate in the reform of banks, securities firms and insurance companies, as well as guide private capital to expand investment in financial organizations, the plan states, adding that the government also supports private capital in setting up rural banks, credit companies and capital cooperatives.

Authorities across the region will also be asked to enhance cooperation and axe excessive inspections, said Liu Deping, a department head of the General Administration of Quality Supervision, Inspection and Quarantine.