Home / Business Tools: Save | Print | E-mail | Most Read | Comment
'Big Bang' policy to keep economy going
Adjust font size:  ZoomIn ZoomOut

To invigorate the fizzling economy, the Chinese government is preparing for a "big bang" policy package including injecting more capital into the construction of railways, ports and energy resources and increasing the sales of treasury bonds on long-term infrastructure projects.

The large economic stimulus package will be released after the decision is made at the annual Central Economic Working Conference slated for late November in Beijing, as some officials related to the situation told the Hong Kong-based Wen Wei Po newspaper on Wednesday.

The report mentioned members at the conference will work out how to stimulate domestic consumption and maintain economic growth, and also outline the country's economic policies next year, facing the impending worldwide financial crisis.

With the global financial crisis rippling through the United States and Europe, China's once supercharged economic growth has slowed sharply, dropping from 12.6 percent in the second quarter of 2007 to about 9 percent in the third quarter of this year, according to national statistics.

Falling exports and unstable consumer prices have created big macro-economic challenges for the central government to counter-attack an economic slump, according to the National Development and Reform Commission (NDRC), which has been closely monitoring economic trends.

Some Beijing analysts forecast the economic conference will announce some easing monetary policies and upgrading industry sector standards. Relevant departments, including the NDRC, the central bank, the Finance Ministry and the Commerce Ministry, may also map out plans on taxes, credit and foreign trade.

"Aside from active fiscal policies, the government should cut taxes to lower enterprises' costs and alleviate people's financial burdens, encouraging investment and consumption, the two main engines of the country's economic growth," said economic experts in reaction to a report by the State Information Center, a NDRC research institution.

They also suggested a reasonable allocation of the present market resources in order to promote the upgrade of China's economic structure.

"Under the present economic situation, massive investment in infrastructure construction can stimulate the declining domestic demand and stabilize investment," said Zhang Xiaojing, Dean of the Macro-economic Research Department from Institute of Economics at the Chinese Academy of Social Sciences.

(China Daily November 8, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>
- Creations at 2009 China Int'l Fashion Week
- President Hu, Obama discuss issues on phone
- White paper: China's policies and actions on climate change
- Chocolate fashion show in New York
- Hsu Chi: sexy baby in summer

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 亚洲一区无码中文字幕| 免费黄色在线网站| 波多野结衣99| 在线天堂bt种子| 一个人免费视频观看在线www | 美女被cao免费看在线看网站| 国产成a人亚洲精v品无码| 亚洲精品亚洲人成在线播放| 国内精品久久久久久久影视麻豆| jux900被公每天侵犯的我| 成人亚洲欧美激情在线电影| 久久久噜久噜久久gif动图| 日韩在线观看完整版电影| 亚洲一区中文字幕在线观看| 欧美成人免费全部观看天天性色 | 色妞WW精品视频7777| 国产嫩草在线观看| 人妖在线精品一区二区三区| 国产精品扒开做爽爽爽的视频 | 日本精a在线观看| 久久精品国产久精国产果冻传媒| 樱桃视频影院在线播放免费下载| 亚洲国产成人精品无码区二本| 欧美精品偷自拍另类在线观看| 亚洲综合成人网| 漂亮人妻被黑人久久精品| 人人洗澡人人洗澡人人| 男女午夜免费视频| 免费人成黄页在线观看国产| 男男(h)肉视频网站| 免费观看性生交大片人| 精品乱码一区内射人妻无码 | 2020天天干| 国产精品无码专区AV在线播放| 57pao一国产成视频永久免费| 国产视频一二区| 69国产成人精品午夜福中文 | 久久久亚洲欧洲日产国码二区| 日本漫画免费大全飞翼全彩| 久久午夜无码鲁丝片午夜精品| 日本道色综合久久影院|