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Like running a bullet train, to develop the economy, the first thing is stability and safety. In the past few years, we have adopted innovative approaches to macro-control, including a new range-based approach. We have set it our upper limit to keep price rises in control and our minimum target to ensure sufficient employment. This range-based approach has effectively stabilized market expectations. This year, we expect the economy to grow by 6.5%-7%, a new range designed to allow certain flexibility with the growth target. Short-term and minor fluctuations in the economy can hardly be avoidable. We will not try to redress these minor fluctuations with moves that are against market rules. But once the economy slips out of the reasonable range, we will definitely take overarching measures in line with the laws of the economy. Currently, the debt-to-GDP ratio of the Chinese government is less than 40%, and for the central government, it is only 17%. We also have a high savings rate. The space is ample to develop a multi-tiered capital market, and new tools are available to introduce innovative regulatory measures to the financial sector. We are not only well positioned to prevent systemic, regional financial risks, but also supported by enough policy tools to keep the economy steady. Last year, for instance, with collaboration among relevant agencies and financial institutions, special funds for specific projects were raised and used based on market-based approaches to expand effective investment. Such an approach strongly facilitated economic restructuring and ensured steady growth. This year, we will continue this practice.

Lawmakers suggested that in 2016 the top legislature should contribute to realizing the new development concepts, which are innovation, coordination, green development, opening up and sharing, the statement said.

BEIJING, March 14 (Xinhua) -- Altogether 5,375 proposals have been submitted to the annual session of China's top political advisory body this year, according to a report released Monday.

Liu said her visit to Cairo is a step forward in the implementation of the agreements recently reached by the Chinese and the Egyptian leaders.

In late 2015, China initiated a new round of military reforms. Paid services were flagged to be removed, to reduce corruption in the army.