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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Luge crash death darkens Games mood | Video 12 Feb 2010 Luge death darkens mood as Winter Games open | Video 2:15am EST U.S. successfully tests airborne laser on missile 12 Feb 2010 UPDATE 3-Toyota sets US recall of 8,000 Tacoma pickups 12 Feb 2010 Toyota to recall 8,000 Tacomas in U.S.: document 12 Feb 2010 U.S. successfully tests airborne laser on missile 12 Feb 2010 "Khan" uses melodrama to tackle tough issues 12 Feb 2010 Dow, S&P 500 dip on China lending curb; Nasdaq up | Video 12 Feb 2010 Men risk anticlimax with anatomy-boosting pants 12 Feb 2010 Architect reinvents apartment to solve space crunch 08 Feb 2010 Wen warns of challenges as China readies for new year Ben Blanchard BEIJING Fri Feb 12, 2010 9:56pm EST Related News China versus Taiwan: How the political standoff may end Tue, Feb 2 2010 Q+A: Why is China so sensitive about Taiwan? Mon, Feb 1 2010 U.S. regrets China's response to arms sales Sat, Jan 30 2010 WRAPUP 11-U.S. regrets China's response to arms sales Sat, Jan 30 2010 A lion dance troupe performs during a temple fair to celebrate upcoming Chinese New Year in Beijing February 12, 2010. The Chinese New Year begins on February 14th and according to the Lunar calendar will be the Year of the Tiger. Credit: Reuters/Christina Hu BEIJING (Reuters) - Chinese Premier Wen Jiabao warned his people to keep a "sober mind" about the challenges ahead in the new year as the country readied to welcome the arrival of the Year of the Tiger with noisy celebrations on Saturday. World "In 2010, China will face a more complicated situation, both at home and abroad," state news agency Xinhua paraphrased Wen as saying, in remarks carried in major newspapers. People must "keep a sober mind and an enhanced sense of anxiety about lagging behind," the premier added. Priority should be given to "persistence in taking economic development as the central task, forcefully promoting reform and opening up ... and doing a better job responding to the global financial crisis, in order to keep steady and relatively fast economic development." China raised the level of reserves banks must hold for the second time this year on Friday, spooking financial markets on the eve of its New Year holiday by showing it was intent to curb lending and inflation. China powered to 8.7 percent growth last year, by far the strongest of any major economy, driving demand for everything from Chilean copper to Australian iron ore. The government is trying to maintain a balance between the economic growth needed to create jobs for the country's 1.3 billion people, and not letting the economy overheat and drive up the cost of basic goods and housing for residents. "All the things we do are aimed at letting people live more happily with more dignity," Wen added. HU MEETS TAIWANESE President Hu Jintao, by contrast, spent Friday visiting Taiwanese investors in the southeastern province of Fujian. Taiwanese have invested billions of dollars in China since detente began between the two sides in the 1980s, lured by a common culture and language. China and Taiwan have been ruled separately since a civil war ended with Communist victory in 1949. Ties have improved further following the election of China-friendly Taiwan President Ma Ying-jeou in 2008, who has signed a series of landmark trade and tourism deals with Beijing. "We will try our best in everything that will benefit the Taiwan compatriots, and we will honor our words," Hu told the Taiwanese investors, according to Xinhua. Beijing has directed its ire at Washington's recent decision to sell weapons to Taiwan at the United States, rather than the self-ruled and democratic island, being keen not to damage warming relations and the eventual goal of reunification. Taiwan and China are gearing up to sign a free trade deal, something Hu told his Taiwanese audience would "bring win-win results." The year of the tiger is believed to bring with it mythical heroic powers, even if soothsayers say it is an inauspicious one for marriage. Still, the year is seen as being good for the economy. In Beijing and commercial capital Shanghai, normally bustling streets were unusually quiet on Saturday, with only the odd firecracker going off, though both cities will reverberate with chaotic, ad hoc firework displays the closer midnight approaches. Firecrackers are believed to scare off evil spirits and entice the god of wealth to people's doorsteps once New Year's Day arrives. Celebrations will carry on into the early hours of Sunday, officially the first day of the Lunar New Year. Editing by Sugita Katyal) World More from Reuters NATO launches major Afghanistan offensive MARJAH, Afghanistan (Reuters) - U.S.-led NATO troops launched a crucial offensive on Saturday against the Taliban's last big stronghold in Afghanistan's most violent province and were quickly thrown into a firefight with the militants. Three killed in University of Alabama shooting | Video Luge death darkens mood as Winter Games open | Video Luge competition to resume on Saturday Toyota emphasizes U.S. presence to Congress Microsoft to announce new phone software: sources » More Top News Travel & Leisure: Top 10 romantic hotel rooms Romantics looking for more than chocolates on their pillows might find what they're looking for in these sexy hotel rooms. Full Article 48 hours in Dublin Appealing designs on the road Lifestyle 2010 Olympic Games: Let the Games begin Get all the latest news and videos as the world competes in the 2010 Winter Olympic Games in Vancouver. Full Coverage Life in the Olympic Village The road to Vancouver Olympic Notebook: Vancouver 2010 2010 Winter Olympics © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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