久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Reporters' Log

No need for new stimulus plan in China: advisor

By (Xinhua)
Updated: 2009-03-07 09:40

China currently doesn't need another stimulus plan several times as large as the 4 trillion-yuan ($586 billion) package announced in November 2008, said former chief statistician Li Deshui Friday.

Related readings:  Policy advisor: 4-trillion-yuan stimulus is not enough  Stimulus package 'may grow'  Reports of China's fresh stimulus measures boost German stock markets  China stresses domestic demand in stimulating growth

Some media's speculation on a "new stimulus package" as large as 8 trillion yuan or 10 trillion was "market hearsay" and the government has never made any mention of that, Li told a press conference on the sidelines of the annual session of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body.

"Considering China's current situation, there's no need for such big investment," said Li. "The present arrangement is proper and reasonable."

He explained that unlike European countries and the United States, China's financial sector remains in good condition and the country's stimulus measures are aimed at boosting growth instead of bailing out ailing banks.

To achieve a growth target of about 8 percent year on year in 2009, China announced Thursday a budgeted fiscal deficit of 950 billion yuan this year, a record high in six decades, resulting from slower revenue growth and planned massive spending.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more