China sets 8 pct target for 2010 economic growth

08:05, March 05, 2010      

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China expects its economy to grow around 8 percent in 2010 from a year earlier, says a report to be delivered by Premier Wen Jiabao at the annual parliament session Friday.

Although the development environment this year may be better than 2009, China "will still face a complicated situation," says the report distributed to media before the opening of the Third Session of the 11th National People's Congress, the country's top legislature.

The year of 2010 will be a "crucial but complicated" year for China's economic development as the country will continue fighting against the global financial crisis while maintaining a stable and comparatively fast economic growth and the accelerating transformation of growth pattern, according to the report.

As the first country emerging from the global economic downturn, China's gross domestic product (GDP) rose 8.7 percent in 2009 from a year earlier, above the 8-percent target the government set at the beginning of last year.

Source:Xinhua
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