It is the first time the issue has been addressed in a government work report.
Although China failed to accomplish three out of six annual targets set for energy conservation and emissions control in 2011, the country's top economic planner remained confident in meeting all relevant goals set in the country's ongoing Five-Year Plan (2011-2015).
Wang Mengshu, chief engineer of the China Railway Tunnel Group, warned against a random halt to the country's high-speed railway construction, as it could cause huge losses.
Obtaining financing is not as difficult for Chinese small and medium-sized businesses as some media have reported, Su Ning, former vice-governor of the People’s Bank of China said on Monday.
Yang Yuanqing, CEO of Lenovo Group Ltd and a member of the Chinese People’s Political Consultative Conference, said the country’s value-added tax is to blame for the high prices of goods.
At the ongoing NPC and CPPCC sessions, Li Yaping, a NPC delegate from Western China's Sichuan province, told China Daily that he will submit a proposal suggesting the central government establish a special fund for development of China's western regions.
China is now able to allow its currency more room to fluctuate, Zhou Xiaochuan, governor of China’s central bank, said during the Fifth Session of the 11th National People’s Congress on Monday.
China will continue its efforts to boost agricultural production by developing technology and investing in rural infrastructure.
China's biggest offshore oil producer plans to keep its overseas oil and gas output stable.
GDP is projected to grow by 7.5 percent, lower than the actual economic growth of 9.2 percent in 2011.
Transformation of the mode of development and economic restructuring are the most pressing tasks at present for the Chinese government, Premier Wen Jiabao said in a government work report Monday.
Transformation of the mode of development and economic restructuring are the most pressing tasks at present for the Chinese government, Premier Wen Jiabao said in a government work report Monday.
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