China revises 2012 GDP

China, the world's second largest economy, has revised its GDP growth rate for 2012 to USD 8.52 trillion while the growth in terms of percentage remains the same at 7.7 per cent.

China will remove all obstacles for growth: Li

China, which has entered a critical stage of reforms, will remove all obstacles for growth and deepen reform of the fiscal sector, taxation, finance and pricing, Vice Premier Li Keqiang said.

China's economy to rise at slower pace in 2012

China's economy is expected to grow at a rate of 8.5 percent in 2012, which is a slower pace than 2011, said an official of a Chinese government think tank.