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BEIJING, March 5 (Xinhua) -- China expects its economy to grow around 8 percent in 2010 from a year earlier, says a report delivered by Premier Wen Jiabao at the annual parliament session Friday.Setting the 8-percent target mainly "aims at ensuring the quality of economic growth, focusing on transformation of economic growth pattern and adjustment of economic structure," says the report submitted to the National People's Congress (NPC), the country's top legislature.The increase of consumer price index, a main gauge of inflation, will be held around 3 percent, says the report.Although the development environment this year may be better than 2009, China "will still face a complicated situation," reads the report. Chinese Premier Wen Jiabao delivers a government work report during the opening meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 5, 2010The year of 2010 will be a "crucial but complicated" year for China's economic development as the country will continue fighting against the global financial crisis while maintaining a stable and comparatively fast economic growth and accelerating transformation of growth pattern, according to the report.Peter Trebitsch, a reporter from Hungarian News Agency Corporation, said he is sure that China will hit the growth target."If China sets 8-percent, it will be," Trebitsch said.He noticed that instead of only focusing on expansion, China is giving more attention to quality of growth.He noted, however, the key of economic development pattern transformation lies in implementation of policies in lower level governments."China is going to depend more and more on its own market, thus it has to take care of its people and domestic economy," said Trebitsch."Considering the circumstances that many countries are still suffering considerably, the target of 8 percent growth can leave room for Chinese people to improve their living standards," said Francois Jackman, counselor with Embassy of Barbados in China.As the first country emerging from the global economic downturn, China's gross domestic product (GDP) rose 8.7 percent in 2009 from a year earlier, above the 8-percent target the government set at the beginning of last year.China's quarterly economic growth accelerated as the government's economic stimulus package started to pay off. The national economy rose 6.2 percent in the first quarter last year, 7.9 percent in the second quarter, 9.1 percent in the third and 10.7 percent in the fourth.

BEIJING, Jan. 22 (Xinhua) -- China was willing to work with Liberia to expand cooperation and promote bilateral ties, said Chinese Vice Premier Li Keqiang on Friday."We should work together to tap potentials for our cooperation," Li said when meeting with Liberian Minister of Foreign Affairs and Chief Minister of Cabinet Olubanke King Akerele.Hailing the relations between China and Liberia, Li also discussed China-Africa ties with the minister, saying that the Chinese government attached great importance to the solidarity and cooperation with African nations."We will make full coordinations with Liberia and other African nations to fulfill the fruits of the fourth ministerial meeting of the Forum on China-Africa Cooperation (FOCAC)." Chinese Vice Premier Li Keqiang (R) meets with Minister of Forieign Affairs of Liberia Olubanke King Akerele in Beijing, China, on Jan. 22, 2010.At the meeting held in Egypt in November 2009, Chinese Premier Wen Jiabao announced eight new measures to strengthen pragmatic cooperation in the next three years.The eight measures include the fight against climate change, intensification of technical-scientific cooperation, reinforcement of African financial capacities and increased access of African products to the Chinese market."We should take follow-up actions in an orderly way and push forward the new type of China-Africa strategic partnership," Li told the Liberian minister.This would help deepen China-Africa friendship and benefit the African people, he noted.Akerele was here on a visit at the invitation of her counterpart Yang Jiechi. The two ministers had talks earlier Friday.Yang said since China and Liberia resumed diplomatic ties in 2003, the two countries had maintained political mutual trust, fruitful economic cooperation and close cultural exchanges.Yang appreciated Liberia's adherence to the one-China policy and its support for China on the Taiwan and Tibet-related issues."China is ready to make joint efforts with Liberia to maintain high-level exchanges, deepen economic cooperation and expand cultural exchanges, in a bid to achieve greater development of bilateral relations," Yang said.Akerele applauded China's great support and assistance to Liberia, saying her government valued the friendly cooperative ties with China.Liberia welcomed more Chinese business to make investment there, and was willing to expand cooperation with China in various sectors, she said.Liberia would also work with China to strengthen communication and coordination on the international and regional issues, such as climate change and reform of the UN Security Council, she noted.Akerele also spoke highly of China's active and comprehensive fulfillment of the FOCAC fruits, saying that her country would work with China to advance the Liberia-China cooperation and the Africa-China cooperation within the FOCAC framework.Shortly after the end of the Liberian civil war in late 2003, the West African nation reestablish diplomatic ties with China. China joined the peacekeeping mission in Liberia in December 2003 under a resolution of the UN Security Council.

BEIJING, Feb. 2 (Xinhua) -- China should further step up social spending to push forward reforms such as health care, welfare and education to sustain its economic growth, the Organization for Economic Co-operation and Development (OECD) said in a report on Tuesday.Although China's reforms have increasingly focused on the need for social cohesion in recent years, said the report, more efforts are still needed in various areas to improve people's living standards over a longer term.The fragmented system of welfare assistance, pension and health care should be unified, it said, stressing reforms on health care should be continued so as to ensure that provision at local levels is improved and eventually the different insurance systems are unified, it said.It also said China's registration system and restrictions on migrant workers' access to social services create obstacles to labor mobility, therefore should be relaxed.OECD groups 30 nations, mostly wealthy European countries, along with Canada, the United States, Japan, Australia, New Zealand, the Republic of Korea, Mexico and Turkey.The report, the second of its kind since 2005, said China is now leading the world economy out of recession with the help of the massive stimulus package."The Chinese government's swift and vigorous action to support its economy has contained the impact of the global recession," said Pier Carlo Padoan, chief economist and deputy secretary general of the OECD.China may overtake the United States to become the leading producer of manufactured goods in the next five to seven years, the report said.However, Zhang Zhigang, chief economist of the Center for International Economic Exchanges, said that to well study China one should not be confined to consider the country's aggregated economic volume but take into account the per capital economic volume, as China is a very populous nation of 1.3 billion people."It is true that China is capable of putting man in space, but on the other hand, in much of its underdeveloped inland areas, oxen are still used to plough the farm", said Zhang at a ceremony to launch the survey.While stressing the rapid expansion of the Chinese economy, the report also touched upon some of the weak points China faces, including the country's over-reliance on foreign-sourced technology embodied in foreign direct investment.The contribution added-value made to research and development was only one-tenth of that in the United States in 2005, according to the 232-page survey.As for financial and monetary issues, it said China will "eventually require a flexible exchange rate regime with open capital markets".Greater flexibility of the yuan exchange rate could not be achieved in a short period of time and it requires a step-by-step approach with supporting reforms in the financial areas, said Padoan in an interview with Xinhua.

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