Which of the following statements is true according to what you hear?

Mr. Wen said government would aim for a growth rate of 7 percent this year, considerably slower than the 9.1 percent pace recorded for 2003. He said the government would re duce the issuance of state bonds intended to finance construction by about $3.6 billion, or 25 percent, and would also restrain lending and investment that has led to "redundant construction in some industries and regions."

Globalization and the liberalization that produced it have generated a sustained period of economic expansion, together with the most rapid reconfiguration of international economic geography ever. Unprecedented wealth and standards of living exist in the industrialized world. Elsewhere, some countries that struggled with poverty a mere generation ago are now economic poles in their own right. Over the course of the next generation, a majority of the world’s most rapidly growing economies will be located in what is now the developing world.