"Governments in the relatively underdeveloped central gucci belt bag and western regions are eager to catch up with their developed counterparts in eastern and coastal regions," Liu said. The growth rate targeted by the central government has been widely interpreted as a minimum acceptable floor rather than a ceiling. The 7.8-percent growth seen in China's economy last year easily surpassed the goal the government set earlier in 2012. (Xinhua reporters Han Miao and Guo Xinfeng contributed to the story) Related: China to continue "proactive fiscal, prudent monetary" policy BEIJING, March 5 (Xinhua) -- China will maintain a proactive fiscal policy and a prudent monetary policy in 2013, as well as expand the economy by 7.5 percent, Premier Wen Jiabao said while delivering his last government work report at the parliament's annual session Tuesday. The casque dr dre Chinese government has maintained the policies since 2011, as well as vowed to maintain their continuity and stability and make them more forward-looking, targeted and flexible. Full story China to increase 2013 deficit to 1.2 trillion yuan BEIJING, March 5 (Xinhua) -- The Chinese government is projecting a fiscal deficit of 1.2 trillion yuan (191 billion U.S. dollars) for 2013, 400 billion yuan more than the budgeted figure last year, according to a government work report delivered to the national legislature on Tuesday. The deficit consists of a central government deficit of 850 billion yuan and 350 billion yuan in bonds to be issued on behalf of local governments, the report said. Full story China lowers 2013 inflation target to 3.5 percent BEIJING, March 5 (Xinhua) -- gucci bags uk China aims to hold this year's consumer price growth to around 3.5 percent, 0.5 percentage point lower than the inflation target set for 2012, Premier Wen Jiabao said in a government work report Tuesday. "China is still under considerable inflationary pressure this year, and maintaining basic stability of overall prices has always been an important macro-control target," Wen said at the opening of the First Session of the 12th National People's Congress (NPC), the country's top legislature. Full story China aims 8-pct increase in foreign trade in 2013 BEIJING, March 5 (Xinhua) -- China will strive to increase its total foreign trade volume by around 8 percent amid slow recovery in the world economy and rising trade protectionism, and work to improve its balance of payments, according casque docteur dre to a report submitted to the country's top legislature on Tuesday. The targeted foreign trade growth for the world's second-largest economy is higher than last year's real growth but lower than 10-percent target in 2012. Full story China to further "stimulate" private investment: report BEIJING, March 5 (Xinhua) -- China will further relax controls over market access for nongovernmental investment and stimulate it, according to a government work report to be reviewed by the annual legislative session. "In the current stage, the role investment plays in promoting economic growth can not be underestimated, and the share of the governmental investment is decreasing," the report said.China's real estate market has actively responded to a series of measures aimed at controlling gucci tote bag housing prices issued by the State Council, China's cabinet, on Friday. Daily inquiries and demand for housing purchases on Saturday, just one day after the new policy came out, rose by 30 percent from Friday, according to Hu Jinghui, vice president of 5i5j Real Estate, a leading real estate agency in Beijing. Hu forecast that the trading volume of second-hand housing would hit a new high before detailed rules on the real estate market are implemented by local governments and government departments. According to the statement from the State Council, homeowners selling property will have to pay a capital gains tax of 20 percent of the profit they make on the transaction. Homeowners were previously taxed 1 percent to 2 percent of the total sale price. The tax levied on a casque beats studio second-hand home sold for 2 million yuan (320,000 U.S. dollars) jumps from around 20,000 yuan to 200,000 yuan under the new rule.

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