China plans to grow its sports sector into a 5-trillion-yuan ($817-billion) industry by 2025 to boost employment and domestic consumption in its "new" economy, the government said on Monday.
China is capable of tackling various risks confronting its economy with courage and wisdom to realise sustainable, healthy development in the long term, Premier Li Keqiang said.
China`s new leadership headed by Xi Jinping is all set to take over power to succeed outgoing President Hu Jintao and his team during the two-week annual session of the National People`s Congress.
Wen said Chinese need to recognize the seriousness and complexity of the challenges the country faces.
Many observers would say that China’s embrace of capitalism since 1978, and especially since joining the World Trade Organization in 2001, has been responsible for its boom.
China`s central bank has said it had done a good job promoting eco growth and would keep implementing pro-growth policies.
US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner called Monday for far-reaching cooperation with China, saying the nations can help the world come out of economic crisis.
Day in Pics: 20th December
Showbiz World - December 20, 2014
People Magazine Awards 2014