China's top economic planners explain economic stimulus measures http://news.xinhuanet.com/english/2008-12/09/content_10479076.htm
China to set strategy for 8% GDP growth http://news.xinhuanet.com/english/2008-12/03/content_10448145.htm Think tank: China economy to grow more than 9% in 2009 http://news.xinhuanet.com/english/2008-12/03/content_10447012.htm Peace and best wishes. Xi On Dec 8, 7:36 pm, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > Video:http://www.cctv.com/video/bizchina/2008/12/bizchina_300_20081208_10.s... > > Text:http://news.xinhuanet.com/english/2008-12/08/content_10471496.htm > > BEIJING, Dec. 8 (Xinhua) -- China's decision makers gathered here on > Monday to determine economic work for 2009 amid efforts to offset > adverse impacts of global financial crisis and maintain stable and > sound economic growth. > > Analysts expected this year's meeting to work out specific > strategies and resolutions for the problems China would confront next > year, including the risk of economic slowdown, difficulties in small > and medium-sized enterprises and the transformation of economic growth > pattern. > > They said the country's economic growth would still be maintained > at nine percent for the whole year, compared with an 11.4 percent > expansion last year. > > Earlier on Nov. 28, Chinese President Hu Jintao said the top > priority of the country's 2009 agenda on economic development is to > maintain a "stable and relatively fast growth". > > He said the country would pursue an "all-rounded and sustainable" > growth that stresses both quality and efficiency next year, while > going after a better combination of "maintaining growth, strengthening > domestic demand and restructuring the economy". > > The president also said the country would continue to practice > "active" fiscal and "moderately loose" monetary policies. > > Such proactive policies were adopted earlier last month in > response to the unfolding financial crisis, and it is a transition > from the earlier "prudent" fiscal and "tight" monetary policies aimed > at curbing inflation and averting overheating. > > The world's fastest growing economy managed to keep a stable and > relatively rapid growth so far this year, despite several setbacks > including rare blizzards in winter, the massive earthquake in May, and > recent shocks from the ongoing financial crisis. The growth of the > economy was 9.9 percent year on year in the first three quarters. > > But concerns on a slowdown began to surface in recent months, as > the country received more pinches from the global financial crisis. > The country's growth in the third quarter was nine percent year on > year, the slowest pace in about five years, due to slower growth in > exports and investment. > > In order to shore up the economy, the country's State Council, or > the cabinet, had announced a huge 4-trillion-yuan stimulus package to > expand the domestic demand, in addition to more active macro > policies. > > The government has also taken on a rare move to unveil a series of > measures within a month to bolster the economy, such as approving > multi-billion-dollar investment projects, raising exporter bates three > times in the second half, as well as hefty interest rate cuts. > > More of such measures are expected on the three-day Central > Economic Work Conference, which was initiated more than a decade ago > and held at the end of every year. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
