China to continue proactive fiscal, prudent monetary policies

China will continue to follow a proactive fiscal policy and a prudent monetary policy in 2012, carry out timely and appropriate anticipatory adjustments and fine-tuning, and make policies more targeted, flexible, and forward-looking, Premier Wen Jiabao said Monday. China will keep the deficit and government debt at "appropriate levels", Wen said in a government work report delivered at the annual session of the National People's Congress (NPC), China's top legislature. >> More

China to keep RMB exchange rate basically stable

China will keep the exchange rate of its currency yuan basically stable at an appropriate and balanced level, Premier Wen Jiabao said in his government work report Monday. "We will improve the mechanism for setting the RMB exchange rate, make the floating exchange rate regime more flexible," Wen said in the report delivered at the annual parliamentary session opened Monday. >> More

China faces many difficulties, challenges globally, domestically: Wen

China still faces many difficulties and challenges internationally and domestically in economic and social development, according to a government work report delivered by Premier Wen Jiabao at the annual parliamentary session Monday morning.

"We are keenly aware of that," Wen said, describing the global economic recovery as "tortuous". He said the global financial crisis is still evolving, and the sovereign debt crisis in some countries will not ease any time soon. >> More

Farmers' rights to land not to be violated by anyone: Wen

Farmers' rights to the land are property rights conferred by law, and these rights must not be violated by anyone, Premier Wen Jiabao said at the annual parliamentary session Monday morning.

"We will place farmland under strict protection, and formulate and promulgate regulations concerning compensation for the expropriation of rural collective land," Wen said at the opening of the annual session of the 11th National People's Congress. >> More

Economic restructuring most pressing task: Wen

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.

These measures are the "key to solving the problems of imbalanced, uncoordinated, and unsustainable development" in China, said Wen in the report delivered at the annual session of the National People's Congress, China's top legislature. >> More

China to impose "strictest control" over water resources: report

China will impose the strictest control over water resources, according to a government work report released to the media ahead of the parliament's annual session.

The government will rationally set and adjust water resource fees in different localities, and carry out integrated price reform of water used for agricultural purposes, says the report to be delivered by Premier Wen Jiabao at the opening meeting of the Fifth Session of the National People's Congress (NPC). >> More