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"As I understand it, opening up is meant to introduce the economic power of the global market to China. Our companies will meet more violent market competition in this process. But such competition will increase our strength and enable us to go out and better participate in global cooperation," he said.

BEIJING, Dec. 6 (Xinhua) -- Air travelers, including U.S. businessman David Brockman, are set to benefit from the announcement that Beijing will start a 72-hour visa-free stay policy for citizens of 45 countries in 2013.

As more farmers are leaving their farmland and becoming migrant workers in cities and towns, China is expected to have another 200 million migrant workers living in urban areas, according to a study by the the China Institute for Reform and Development.

The bus, carrying mostly migrant farmers and their family members, veered off the road at a curve, before tumbling into the 10-meter-deep ravine and catching fire, said sources.

The 142.2 billion-yuan (22.57 billion U.S. dollars) pipeline traverses 15 provincial regions and will benefit about 500 million people, according to the CNPC.