Latest News:  
Beijing   Sleet/Cloudy    5 / 0   City Forecast

People's Daily Online>>China Politics

Parliament session starts, China to 'make progress while maintaining stability'


10:28, March 05, 2012

BEIJING, March 5 (Xinhua) -- China opened its annual parliamentary session on Monday, cutting the economic growth to 7.5 percent and vowing to "make progress while maintaining stability" in 2012.

This is the first time for China to lower its annual economic growth target after setting it around 8 percent since 2005.

China's economy grew by 9.2 percent in 2011 after an expansion of 10.4 percent in 2010.

Premier Wen Jiabao delivers a report on the work of the government at the opening meeting, which is presided over by National People's Congress (NPC) Standing Committee Chairman Wu Bangguo.

Nearly 3,000 NPC deputies from across the country are present at the opening meeting along with top Communist Party and state leaders Hu Jintao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang.

The year 2012 is important for China amid a leadership transition at the 18th National Congress of the Communist Party of China (CPC) to be convened later this year.

Reviewing the government work in 2011, Wen said, "We consolidated and built upon our achievements in responding to the global financial crisis, and got the 12th Five-Year Plan period off to a good start."

However, he said, "We are keenly aware that China still faces many difficulties and challenges in economic and social development."

Internationally, the road to global economic recovery will be tortuous, the global financial crisis is still evolving, and some countries will find it hard to ease the sovereign debt crisis any time soon, according the report.

【1】 【2】


Leave your comment0 comments

  1. Name


Selections for you

  1. Flag-raising ceremony on Tiananmen Square

  2. DPRK leader Kim Jong Un inspects Panmunjom

  3. Rubbish piles up on beaches of Hainan

  4. A journey in Tibet: Mila Mountain

Most Popular


  1. Is international 'hot money' flowing into China?
  2. China's economy to roar ahead amid global woes
  3. U.S. solution to Syria issue doomed to failure
  4. Trust key to stability on Korean Peninsula
  5. Public will increasingly swaying diplomatic policies
  6. Political dialogue is right solution to Syrian crisis
  7. West's pressure no sway on China's defense budget
  8. Manila returns to usual games of cat and mouse
  9. How should China cope with US return to Asia?
  10. China-US relations have become irreversible

What's happening in China

Workforce limit may affect prices, wages

  1. Letting the grain take the strain
  2. World's biggest exhibition center set for Shanghai
  3. Sacred mountain to get massive facelift
  4. Xinjiang in stable conditions: official
  5. Take shark fin off official menus

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai