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The position has adequate historical and legal basis, Hua said.

Second, the difficulties faced by the real economy are building. Having been pressed by insufficient demand as well as a rise in overall costs, the ability of enterprises in some industries to make a profit has decreased, and with losses in some industries increasing the number of enterprises facing difficulty is also rising. This has resulted in layoffs and hidden unemployment within some enterprises and industries.

Li also pledged to continue the opening up policy and strengthen cooperation with all the countries in the world.

4) Price reform was intensified. The guidelines for moving ahead with price reform were published and implemented. Pricing controls over nearly 40 goods and services were either lifted or delegated to lower-level governments. We revised the government pricing catalog, with pricing items being reduced by 80% for the central government and by 55% for local governments. We reduced the price of on-grid electricity from coal-fired power plants and the price of electricity for industry and commerce, and significantly decreased natural gas citygate prices for non-residential users. We improved pricing policies to make them more conducive to energy conservation and environmental protection. We further reviewed and standardized charges related to imports and exports.

BEIJING, Feb. 27 (Xinhua) -- A former senior official in south China's Guangzhou was dispelled from the Communist Party of China (CPC) for serious discipline violations.