Economy Not Seen To Recover Till 2010

Source: Xinhua | January 12, 2009, Monday |

Print Edition

CHINA'S economy will not recover until 2010, as it needs time for government stimulus policies to take effect, a senior economist said on Saturday.

Fan Jianping, chief economist of the State Information Center, a top government thinktank, made the remarks at a forum in Changchun, capital of Jilin Province in the country's northeast.

China has increased investment in agriculture and rural development, energy conservation and pollution control, social welfare, environmental protection and major infrastructure projects.

These measures help raise domestic demand and will offset the impact of plunging exports, but some of these projects will not begin until late this year, Fan said. "The policies' impact on economic growth will be obvious in 2010."

China's export volume might see a fall in 2009 from 2008, which would further slow the economy, he said.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Economy Not Seen To Recover Till 2010

Email this to your friend