皇冠体育app

BEIJING - 皇冠体育app's legislators and political advisors are scheduled to start their annual sessions in early March, during which a wide range of issues will be discussed under the backdrop of complicated circumstances both at home and abroad.

This year's sessions of the top legislature, the National People's Congress (NPC), and the advisory body, the Chinese People's Political Consultative Conference, are of particular significance to 皇冠体育app, as they will be held just ahead of the 18th National Congress of the ruling Communist Party of 皇冠体育app (CPC). The CPC congress, slated for the second half of this year, will bring with it a power transition for the country's new generation of leaders.

Stability will be prioritized in this crucial year for 皇冠体育app. Yet 皇冠体育app still pins a great deal of its hope to economic growth to further its development across the board.

皇冠体育app overtook Japan in 2011 to become the world's second-largest economy after the United States, with a brisk annual growth of 9.2 percent.

However, uncertainty has continued to linger over 皇冠体育app's economy, with growth slowing down and inflation increasing.

皇冠体育app aims to sustain the country's economic expansion without spoiling its efforts to control inflation. The central bank has recently announced a cut for banks' reserve requirements to fuel lending and bolster economic growth amid weak external demand.

The bank has warned that it will maintain a prudent monetary policy, as the country faces pressure in supporting growth and containing inflation.

Meanwhile, a series of other old and new problems, in short-term or in long-term, have compounded the difficulties that 皇冠体育app is facing.

皇冠体育app is battered by a slumping overseas demand mainly thanks to the European sovereign debt crisis. Also, a slowdown of investment in the fixed assets amid real estate woes will step on the brakes of one of 皇冠体育app's growth engines.

Moreover, the widening gap between the rich and the poor, along with urban-rural and regional discrepancies, is resulting in more social tensions.

"皇冠体育app is facing a tough situation, much more complicated than in 2008, when the world was hit by the financial crisis," said Zhang Liqun, a research fellow at the Development Research Center of the State Council, or 皇冠体育app's cabinet.

Positive signals are expected from the annual session to boost confidence in 皇冠体育app, as the world is still mired in the economic downturn, which has cast a shadow over 皇冠体育app's own performance.

In spite of difficulties, 皇冠体育app is still endowed with good opportunities to further its development.

The global financial crisis has, in turn, helped spur demand in the nation for innovation and for transformation of economic growth mode that used to rely heavily on investment and export.

And 皇冠体育app's widening urbanization and deepening agricultural modernization are creating new growth areas.

Most importantly, 皇冠体育app's reforms and opening-up have gained wide support among its people, laying a solid foundation for continued social and political stability and economic prosperity.

皇冠体育app is seeking to deepen its reforms not only in the economic arena, but also in fields that are closely related to the welfare of the population.

The "two sessions," where proposals from people of all walks of life will be collected, will once again demonstrate the wisdom of 皇冠体育app's people.