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<h1>China sets 2010 economic growth rate at 8%, stressing quality of growth</h1>

China sets 2010 economic growth rate at 8%, stressing quality of growth

Setting the 8-percent target mainly "aims at ensuring the quality of economic growth, focusing on transformation of economic growth pattern and adjustment of economic structure," says the report submitted to the National People´s Congress (NPC), the country´s top legislature. Watch Video>>

UN report: China leads world recovery>>
The world economy grew by 2.2 percent in 2009, while East Asia´s economy increased by 4.1 percent. Much of the East Asian rise is accounted for by China, where the nation´s GDP expand 8.1 percent.

China´s economic top priorities of 2010
Improving economic macro-control, Changing pattern of economic development

Economic Macro-control

Premier Wen: Improve macroeconomic control to maintain fast yet steady economic development

Zhou Xiaochuan, Central bank governor

"Government will strengthen risk management and make financial oversights and supervision more effective."

Xie Xuren, Minister of Ministry of Finance

"We will continue the proactive fiscal policy. We should balance the relations of keeping steady and rapid growth, optimizing the economic structure and managing expected inflation."
Full Video:Press conf. on economic Macro-control (I)|(II)|Highlights

Economic Transformation

Premier Wen: Change the pattern of economic development, and upgrade the economic structure

China to focus on adjustments in energy structure in 2010

China would put more emphasis on adjusting its energy structure this year with focus on renewable energy and nuclear power.

Chinese shift to consumption

Ever since the global financial crisis hit China´s exports in 2008, the country has tried to change its economic strategy, shifting dependence from foreign demand to domestic consumers.

Hot topics

Home prices: Chinese Premier vows to curb excessive growth of home prices

China saw a sharp residential property price hike nationwide in the past year, triggering heated public complaints and fears of possible assets bubble.

Inflation: China sets inflation target at 3% for 2010

The target takes into account of the carry-over effects of last year´s price changes, price fluctuations of major international commodities, hefty increase of domestic money and credit supply, and consumers´ ability to bear price increases

China urbanization addresses rural issues

No.1 document of 2010 turns to the advancement of urbanization as a new direction. That means offering more help in housing, employment and social welfare.

Capital market: China officially opens GEM Board

Despite the launch of the GEM Board, the securities regulator says China´s capital market still needs further improvements.

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