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The Audiology Development Foundation of China launched the initiative on Friday with the American Starkey Hearing Foundation, which will provide hearing-aids for free.

Statistics from the National Audit Office showed that local government debts had amounted to 10.7 trillion yuan by the end of 2010, exceeding that year's fiscal revenue.

"China is at a crucial stage where the tracks will be laid out for the future direction of welfare policies and economic restructuring," Dybvad said, referring to China's move away from export-led growth and towards greater domestic consumption.

A database of food safety records of food companies will be established and those on the black list will be disclosed and punished, it said.

To stabilize economic growth, the central bank last week announced cuts in benchmark interest rates for the second time in a month this year.