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BEIJING, Dec. 29 (Xinhua) -- China's gross domestic product (GDP) is predicted to grow by around 9.5 percent in 2011, 0.5 percentage points lower compared to the growth rate expected for this year, said a report issued Wednesday by the Bank of China (BOC).The report by the BOC, China's third largest lender, was based on the bank's projections of weak overseas demand, tighter monetary policy, and the government's planned economic restructuring for 2011, the first year of China's 12th five-year plan.The Chinese government announced in early December that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at a sustainable pace.The report also said government policies this year to curb soaring property prices in some major cities, and the country's efforts to improve energy efficiency had slowed the economy with the GDP dropping to 9.6 percent in the third quarter, down from the second quarter's 10.3 percent and 11.9 percent in the first quarter.The report also forecast inflation to rise 4 percent in 2011, compared to the 3.3-percent rise expected for 2010. It said that in the second half of the year, the producer price index (PPI) for China's industrial products had kept rising along with the consumer price index (CPI), adding more inflationary pressure for the future.The Chinese government set a 3-percent target for inflation this year, but looks unachieveable after the index rose 3.2 percent during the first 11 months. Pushed up mainly by rising food prices, the index soared 5.1 percent in November to a 28-month high.The report also predicted new lending next year would be 7 trillion yuan (1.06 trillion U.S. dollars), just slightly down from the 7.5 trillion yuan target set by the government for 2010.Growth rates of retail sales of consumer goods and industrial value-added output would see a slight drop from year 2010, while imports would likely grow by 18 percent, 3 percentage points higher than exports.As inflation triggers wider public concerns, expectations for more hikes in interest rates are strengthening. The report forecast the People's Bank of China, the central bank, would likely hike rates for up to three times next year, mostly during the first half of the year.The central bank on Sunday raised the benchmark one-year lending and deposit rates by 25 basis points for the second time in just over two months. It had also set higher commercial lenders' reserve requirement ratio six times this year in a move to tighten liquidity amid climbing inflation.

BEIJING, Jan. 2 (Xinhua) -- A cold front is forecast to sweep across northwest and central China over the next few days, as thousands of stranded motorists wait for highways in southwest China to reopen after freezing rain prompted their closure.A cold front will sweep across northwestern China Sunday and Monday, bringing temperature drops and strong winds, the China Meteorological Administration forecast in a statement on its website Sunday.Temperatures will fall 6 to 8 degrees Celsius in northwestern China and eastern parts of the Qinghai-Tibetan Plateau, with some parts seeing a drop of over 10 degrees Celsius.The cold front will move eastward and affect most of central and eastern China on Tuesday and Wednesday, according to the statement.A worker clears snow on the ancient city wall of Xi'an, capital of northwest China's Shaanxi Province, Jan. 2, 2011.Northern regions will see temperature drops of 4 to 8 degrees Celsius, with temperatures in some parts dropping 10 degrees Celsius, the statement said.Light to moderate snow or sleet will fall on the eastern Qinghai-Tibetan Plateau, in northwestern China, and in regions along the Yellow, Huaihe and Yangtze rivers over the coming three days.Both southwest Guizhou and central Hunan provinces will see heavy snowfalls and some parts of the two provinces will experience freezing rain, according to the forecast.In the last 24 hours as of 8 a.m. Sunday, freezing rain had lashed 62 counties and cities in Guizhou.Most expressways in Guizhou were closed Sunday due to freezing rain that has stranded some 6,200 people on highways and some 11,800 others in transportation stations, according to provincial transportation authorities.Transportation authorities have initiated an emergency response, dispatching 545 emergency vehicles and 4,200 personnel since Saturday afternoon to save people from the freezing rain.The rescuers are trying to evacuate the trapped passengers and drivers to nearby villages, service stations and the office buildings of the province's transportation department, said Chen Mengren, director of the department.The local civil affairs department has delivered food, 550 quilts, 800 coats and 4,000 bottles of water to the relief sites set up along the closed highways.The closing of a section of China National Highway 210 in Guizhou at 7 p.m. Saturday had stranded some 1,500 vehicles as of 5 p.m., leaving more than 7,000 occupants trapped in Nandan County in neighboring Guangxi Zhuang Autonomous Region, according to Nandan's publicity department.Highway closing in Guizhou also incurred traffic jam in neighboring Hunan Province, trapping more than 6,000 passengers on a highway leading to Guizhou. As of 8.p.m., most of the stranded passengers had been relocated to the nearby Xinhuang County.According to Guizhou's transportation department, the highway is unlikely to open until Monday and the transportation conditions in the next few days will not be optimistic as more cold fronts are forecast to hit the province from Wednesday to Saturday.Snow and freezing rain have also hit Hunan Province. But meteorological authorities said the possibility of the province suffering from harsh conditions similar to those in the winter of 2008 is small.

BEIJING, Jan. 3 (Xinhua) -- China faced severe challenges over the past five years, from the global financial crisis to massive earthquakes. However, the steps in the ongoing development, under the leadership of the Communist Party of China (CPC) Central Committee, have never stopped.The following are some facts and figures on the development of China during the period.China posted an annual GDP growth of more than 10 percent, while the GDP per capita exceeded 4,000 U.S. dollars.Progress was made in socialist democracy and law-based government administration, the culture industry and social construction.People's livelihoods were improved with a series of efforts in education, employment, income distribution, social security and health care.Exchanges between China and the rest of the world were enhanced through events such as the Beijing Olympic Games, Shanghai World Expo and Guangzhou Asian Games.

LANZHOU, Dec. 6 (Xinhua) -- Nitric acid that spilled from a crashed truck in a northwest Chinese city Monday has caused no contamination of the Yellow River -- China's second longest river, local officials said.Workers had cleaned up tons of acid that entered a roadside drain in a four-hour operation after the accident in Lanzhou, Gansu Province, said a spokesman of a work crew tasked to clean up the chemical.Tests show the spill did not pollute the environment near the Yellow River, he said.Officials with the city environmental protection bureau said they would keep monitoring the water quality of the Yellow River.A truck carrying 14 tonnes of nitric acid overturned and caught fire on Liuzhong Highway near Lanzhou at noon on Monday. One driver was killed while the other was seriously injured.