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China currently has continued to maintain a rapid growth rate and that the economy on the whole is running steadily, Vice Premier Li Keqiang said in a speech delivered at the China Development Forum 2012.

Hu also said that information technology should be further applied, and that the country needs to consolidate industries so as to prevent "blind expansion" and unnecessary construction.

BEIJING, March 4 (Xinhua) -- China said Sunday it plans to raise its defense budget by 11.2 percent to 670 billion yuan (106.4 billion U.S. dollars) in 2012.

"Both sides conducted in-depth exchanges of views on bilateral relations and regional and international issues of common concern in a cordial, constructive and productive atmosphere," the statement said, referring to talks Yingluck had with several Chinese officials during her visit.

According to the current law on CPAs, foreign accounting firms can establish cooperative firms with Chinese counterparts under government approval. However, the practice does not correspond with how accounting firms are organized, according to a statement made Saturday by the Legislative Affairs Office of the State Council, the Cabinet.