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First, the downward pressure on China's economy is mounting. The slowdown in the growth of demand is continuing. With international demand remaining weak, the situation in relation to foreign trade has become more challenging and complex. Affected by the persistently low prices of manufactured goods and the rising costs of labor and other factors of production, growth in investment is slow, particularly in the area of manufacturing. As downward pressure on China's economy begins to affect employment and personal income, it may also spread to and affect private consumption.

Xi's remarks expounded the historical role, significance, obligation, goal and principle of the Party's media work, and enriched Marxist journalism theories, Liu said at a teleconference held by the department.

Li Daokui, an economics professor with Tsinghua University, cautioned that China's economic operation and upgrade have been hindered by stock market plunges and expectations on a falling yuan.

"The clique of the 14th ** Lama has never ceased its attempts to split China. Such activities run counter to the constitution, state system and the interests of all people in Tibet, and are doomed to fail,"he said.

As well as strong stimulus policies, the government will also pursue a more proactive fiscal policy, with increased deficit to cut taxes and promote effective investments, Li said in the work report.