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Construction workers toil on the roof of a new building being erected in Beijing April 1, 2007. [Reuters]Stronger-than-expected economic figures have prompted a number of international economic research institutions to revise upwards their forecasts for China's gross domestic product (GDP) growth. Almost all the major economic indexes in the first two months of this year have exceeded those for the same period last year. "The country's GDP growth in the first quarter will be faster than in the equivalent period last year and also that of the previous quarter," Chen Dongqi, deputy director of the Institute of Economic Research of the National Development and Reform Commission, said. The State Information Center has adjusted its GDP growth forecast for the first quarter from 10.2 percent to about 11 percent. Despite the government last year adopting a number of tightening measures, economic growth has shown clear signs of rebounding in the past quarter. Statistics show that urban fixed-asset investment picked up moderately to 23.4 percent year-on-year in January-February, and from about 20 percent in the fourth quarter of last year, reversing the trend of a gradual slowdown since last July. Meanwhile, the trade surplus registered a massive leap of 230 percent, and retail sales were up 14.7 percent on the first two months of last year. "Industrial growth is a key driving force behind overall economic growth, and power generation is also a useful indicator," Chen said. According to the National Bureau of Statistics, China's industrial output rose 18.5 percent year-on-year while industrial profits soared 43.8 percent in the first two months. Growth in power generation also accelerated to 16.6 percent year-on-year from less than 14 percent in the same period last year. Despite expectations the government will introduce another round of tightening measures soon, global investment bank, Lehman Brothers, still revised up its forecast for the Chinese economy. According to a recent report by the firm, the first quarter growth forecast has been raised from 9.8 percent to 10.1 percent, and the annual growth rate from 9.6 percent to 9.8 percent. "In the light of the stronger-than-expected figures in the first two months of this year and the likely policy responses, we have lifted our full-year growth projections for this year to 10 percent from 9.1 percent, based mainly on stronger growth in credit, investment and exports," Qu Hongbin, the chief China economist with HSBC, said. Domestic banks extended new loans of 982 billion yuan (7 billion) in the first two months of this year compared with 716 billion yuan ( billion) in the same period of 2006. The government forecast early last month that the country's GDP is to grow by about 8 percent this year. The country has just witnessed four consecutive years of double-digit growth, including 10.7 percent GDP growth last year, the fastest in a decade. The latest official forecast reflects the authorities' determination to shift the focus of economic growth from quantity to quality.

Hong Kong is the destination of choice for most mainland travelers this Christmas, a survey has found.A child walks past a Christmas decoration at the Two IFC shopping mall in Hong Kong November 28, 2007. [Agencies]Forty-four percent of the 2,000 people polled, all of whom have an annual income of more than 60,000 yuan (,000), said they were planning to visit the region over the festive period.Other popular destinations included Shanghai (10 percent), Sanya in Hainan Province (9 percent), Lijiang in Yunnan Province, Bali in Indonesia, Phuket in Thailand and Harbin in Heilongjiang Province.Conducted by the online travel firm ctrip.com, the survey found people were most interested in places with a "strong holiday atmosphere", "good shopping environment" and "excellent hotels and beaches" when choosing a destination for their Christmas getaway.Tang Yibo, director of Ctrip.com's holiday department, said: "Embodying both Eastern and Western cultures, Hong Kong stands out because it has not only a vibrant Christmas atmosphere, but also offers lots of shopping and entertainment facilities, and big discounts at this time of year."The convenience of traveling between the mainland and Hong Kong is also an important factor, Tang said.Lin Nan, a teacher from Shanghai, who sets off on a three-day trip to Hong Kong this weekend, said: "The pre-Christmas discounts in Hong Kong are irresistible, even when you consider what you have to pay to fly there."Lin Kang, deputy general manager of the outbound tourism department of the China International Travel Service Head Office, said tour packages to Hong Kong are always bestsellers at Christmas.He said the reason was that Chinese do not have much time off work at Christmas and the New Year so they cannot travel too far."When it comes to the weeklong Spring Festival holiday, destinations like Europe will be more popular," he said.Packages for the Spring Festival are now available, he said, with some of them to Australia and New Zealand already sold out.Some travel experts have said the high volume of holiday bookings for this year's Spring Festival is due to the cancellation of the May Day holiday.But Lin disagreed, saying it is still too early to judge the impact of the changes to the national holiday schedule. Outbound tours during the Spring Festival holiday are always easy to sell, he said.The cost of tour packages during the spring holiday will, as usual, be at least 20 percent higher than at other times of the year, he said.Zhang Wei, director of the air ticket department of Ctrip.com, said the cost of air travel to Europe, Australia and North America over the Christmas and New Year holidays has also soared.He said the cheapest one-way ticket from Beijing to London is now 3,320 yuan, up from 2,200 yuan at the start of the year.Zhang said the price hikes are due to the high numbers of foreigners flying home for the festive season, and also the increased popularity of group trips offered as staff incentives by some Chinese firms.

Premier Wen Jiabao held talks Sunday with Turkmen President Gurbanguly Berdymukhamedov in the capital Ashgabat, as both sides exchanged views in various fields including security, trade and economy, and cultural exchanges.Turkmenistan President Gurbanguly Berdymukhamedov (R) welcomes Chinese Premier Wen Jiabao at a grand ceremony in the preseidential palace compound in Ashgabat on Sunday. [Xinhua]China-Turkmenistan relations have a long history and the ancient Silk Road is a strong bond linking the two countries, Wen said in his meeting with Berdymukhamedov. "China thanks Turkmenistan for its strong support in areas such as the Taiwan question, Tibet and 'East Turkistan' issues," Wen said, adding China will continue to support Turkmenistan's independence, sovereignty and economic development.Berdymukhamedov emphasized that strengthening Sino-Turkmen relations is in the interests of peoples in both countries and contributes to peace, stability and development in the region.He said Turkmenistan will work with China to expand collaboration in areas such as construction of oil and gas pipelines, transportation, telecommunication and textiles.The two leaders also witnessed the signing of two documents on the construction of fertilizer and glass plants.Turkmenistan is the second leg of Wen's four-nation trip, which has already taken him to Uzbekistan and will take him to Belarus and Russia.Wen arrived in Turkmenistan on Saturday after a two-day official visit to Uzbekistan where he attended the Sixth Meeting of Prime Ministers of Member States of Shanghai Cooperation Organization.The Chinese government regards Uzbekistan as a very important partner in Central Asia and will continue to promote the partnership on the basis of equality, mutual trust and benefit, and common development, Wen said in his meeting with his Uzbek counterpart Shavkat Mirziyaev on Saturday.During his visit, China and Uzbekistan issued a joint communique pledging further efforts to strengthen bilateral relations and cooperation in various fields.Uzbekistan reaffirms its adherence to the one-China policy, and recognizes that the government of the People's Republic of China is the sole legitimate government representing the whole of China and that Taiwan is an inalienable part of China's territory, the communiqu said."China reiterates its support to Uzbekistan and its leaders in their efforts to safeguard national independence, sovereignty and territorial integrity and uphold national dignity, and to maintain domestic stability and develop its national economy. China opposes any attempt to interfere in the internal affairs of Uzbekistan under the guise of 'human rights'," the communique said.Wen said he hopes Uzbekistan will work to improve the investment environment so that more Chinese companies could invest in the country and contribute to its economic development.The two prime ministers also attended the signing ceremony of 10 documents on closer cooperation in various fields including environmental protection, public health, water supply and finance.

Beijing is bulging as its population has exceeded 17 million, only 1 million to go to reach the ceiling the city government has set for 2020.The figure breaks down into 12.04 million holders of Beijing "hukou", or household registration certificates, and 5.1 million floating population, sources with the Ministry of Public Security said at Monday's workshop on the country's management of migrants.Beijing municipal government announced last year it would limit its population to 18 million by 2020.Overpopulation is putting considerable pressure on the city's natural resources and environment. And experts have warned the current population, 17 million calculated at the end of June, is already 3 million more than Beijing's resources can feed.Given this year's baby boom, triggered by the superstitious belief that babies born in the Chinese year of the pig are lucky, analysts say there is little hope for an immediate slowdown in Beijing's population growth, even with the post-Beijing Olympics lull and soaring housing prices that have driven some Beijingers to boom towns in the neighboring Hebei Province and Tianjin Municipality.Migrants, especially surplus rural laborers who have taken up non-agricultural jobs in the city, have forcefully contributed to the population explosion in recent years.About 200 million migrants are working in cities across China.Last year, Ministry of Public Security proposed police authorities in the migrants' home province should send "resident police officers" to cities to help maintain public security at major migrant communities, many of which are slums that are prone to violence, robberies, drugs and gambling.Resident policemen are currently at work in three cities: Dongguan, a manufacturing center in Guangdong Province, Binzhou of the central Hunan Province and Guigang of the southern Guangxi Zhuang Autonomous Region.The ministry has also demanded all cities to complete a management information system of migrants' data by the end of 2009.

Soaring global oil prices have led to small refiners drastically cutting down on production - forcing Sinopec to fill the void.Since the prices of refined oil products are set by the central government, the refiners - private or local-government-owned - find it unprofitable when the price of crude is as high as is now. Crude prices reached a record .80 a barrel at the New York close on Monday."Surging international crude prices are exerting mounting pressure on the local market (by discouraging small refiners). We are already running at full capacity to ensure fuel supply," Mao Jiaxiang, vice-president of Sinopec Economics & Development Research Institute, told China Daily Tuesday.Sinopec is Asia's top refiner, feeding the bulk of fuel consumption in China. But due to capacity limitations at its plants, there is a rising gap between demand and supply.Mao pointed out that fuel shortages are mainly triggered by the production drop at medium- and small-sized refiners scattered around the country, which contribute 5 to 10 percent of the country's supply.The National Development and Reform Commission (NDRC), the top economic planner, keeps a tight lid on domestic fuel prices to fend off inflation, only allowing refiners to set prices within an 8 percent band of a government-imposed benchmark.Sinopec will have more refining capacity on stream next year, which will help ease supply pressure, Mao said.This year, it is believed Sinopec may import more oil products from abroad if necessary. The company imported 60,000 tons of gasoline in September and sold it at a lower price.Gasoline retailers raised prices by 2.92 percent in the first nine months after crude costs climbed, the NDRC said in a statement on its website on Monday.However, the NDRC said last month that energy prices will not be raised "in principle" this year after the consumer price index (CPI) hit a 10-year high of 6.5 percent in August."As global crude prices and the CPI stay at high levels, it is possible for the authorities to seek a compromise by not raising fuel prices but giving subsidies to major refiners at the end of the year," said Niu Li, an economist with the State Information Center affiliated to the NDRC.