The GDP of the Liaoning Coastal Economic Belt increased 372.4 billion yuan since 2005. In 2009, it had doubled to 761.4 billion yuan.

The National Development and Reform Commission (NDRC), China's top economic planning body, has selected a number of pilot cities to tackle the problem of carbon emissions and energy consumption.

China will promote the opening up of cyberspace and welcome foreign firms as long as they abide by Chinese laws and respect traditional Chinese culture, said State Council Information Office Minister Wang Chen on Monday.

Some analysts said seafood, especially sea cucumber from the Bohai Sea, will also see price inflation. Others argue that products with the longest shelf life will undergo speculation, causing them to rise in price.

Thanks to strong economic growth and a growing middle class, China has surpassed India for the first time this decade to become the country that sends the most students to the United States.