Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Plan for fresh measures to boost consumption
By Leo Zhang |
April 14, 2009, Tuesday
|
Print Edition
Print Edition
CHINA is planning a fresh economic stimulus package to boost consumption although first-quarter economic figures were better than expected, a senior official at a government think tank said in comments published yesterday.
The central government is drafting guideline policies and will continue to use fiscal and taxation policies to spur economic growth, the China Securities Journal said yesterday, citing Gao Huiqing, a senior researcher at the State Information Center which is affiliated with the National Development and Reform Commission under the State Council, China's Cabinet.
The economic data for the first three months of this year were "better than our projections," said Gao.
But he also noted that the better economic performance in the first quarter could be short-lived as the strong market demand for housing and automobiles may not be sustained.
Earlier media reports said that the State Council will meet tomorrow to discuss a new stimulus package, which will focus more on social welfare spending and on boosting consumer consumption.
Premier Wen Jiabao said on Saturday that China will closely monitor the changing economic situation at home and abroad and hammer out new responses when necessary.
Wen also said that some sectors of China's economy were "in a process of gradual recovery," citing improved investment, trade and industrial output figures. China's industrial production rose 8.3 percent in March, against an increase of 3.8 percent in January and February on a combined basis.
China was studying new taxation and fiscal policies to support its struggling exporters as external demand continues to stay weak, Deputy Commerce Minister Jiang Yaoping said early this month.
China would boost trade financing for smaller exporters, Jiang said.
The central government is drafting guideline policies and will continue to use fiscal and taxation policies to spur economic growth, the China Securities Journal said yesterday, citing Gao Huiqing, a senior researcher at the State Information Center which is affiliated with the National Development and Reform Commission under the State Council, China's Cabinet.
The economic data for the first three months of this year were "better than our projections," said Gao.
But he also noted that the better economic performance in the first quarter could be short-lived as the strong market demand for housing and automobiles may not be sustained.
Earlier media reports said that the State Council will meet tomorrow to discuss a new stimulus package, which will focus more on social welfare spending and on boosting consumer consumption.
Premier Wen Jiabao said on Saturday that China will closely monitor the changing economic situation at home and abroad and hammer out new responses when necessary.
Wen also said that some sectors of China's economy were "in a process of gradual recovery," citing improved investment, trade and industrial output figures. China's industrial production rose 8.3 percent in March, against an increase of 3.8 percent in January and February on a combined basis.
China was studying new taxation and fiscal policies to support its struggling exporters as external demand continues to stay weak, Deputy Commerce Minister Jiang Yaoping said early this month.
China would boost trade financing for smaller exporters, Jiang said.
- 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
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
