Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Wheelchair users in good health at Disney disdain norms
Time to speed up in helping delivery drivers to slow down
Sunday
- Subscribe
Related News
Congress 'must' pass stimulus package
Source: Xinhua |
March 5, 2009, Thursday
|
Print Edition
Print Edition
CHINA'S 4-trillion-yuan (US$585.5 billion) stimulus package must be approved by the National People's Congress, China's legislature body, Li Zhaoxing, spokesman for the annual session of the 11th NPC, said in Beijing yesterday.
"The investment proposed by the central government will be listed on the annual central budget and submitted to the NPC for deliberation and approval," Li told a press conference.
The State Council, or Cabinet, announced a 4-trillion-yuan stimulus package last November to shore up economic growth which had dropped to 9 percent in 2008, the lowest since 2001.
The 4-trillion-yuan package includes 1.18 trillion yuan from the central government over two years and the rest from local governments and the public.
Li said reviewing and approving the economic and social development plan as well as the 2009 central budget was high on the agenda of this year's NPC session.
Li said China would adhere to an active fiscal policy this year to weather the global financial crisis.
The country would expand government investment in 2009, with such investment focusing on infrastructure for agricultural production and in rural areas, and on government-subsidized housing projects, education, medical care and health sectors, he said. The investment would also go to reconstruction projects in earthquake-hit areas, innovation and technological upgrades of enterprises, and the construction of railways, roads, airports and ports, Li added.
He said the government would promote tax reforms and structural tax reductions to ease the tax burden for companies and residents, in a bid to stimulate investment and consumption.
The government would also work to increase incomes of low-income families to spur consumer spending, Li said.
More government money would go to projects that could improve people's livelihoods, such as increasing subsidies for farmers, agricultural production and in rural areas.
The government would also strive to achieve economic restructuring and growth by promoting technological innovation, energy conservation and pollution reduction, Li said.
"To act against the global financial crisis, we should have full confidence to turn challenges into opportunities," he said. "We believe we will succeed."
"The investment proposed by the central government will be listed on the annual central budget and submitted to the NPC for deliberation and approval," Li told a press conference.
The State Council, or Cabinet, announced a 4-trillion-yuan stimulus package last November to shore up economic growth which had dropped to 9 percent in 2008, the lowest since 2001.
The 4-trillion-yuan package includes 1.18 trillion yuan from the central government over two years and the rest from local governments and the public.
Li said reviewing and approving the economic and social development plan as well as the 2009 central budget was high on the agenda of this year's NPC session.
Li said China would adhere to an active fiscal policy this year to weather the global financial crisis.
The country would expand government investment in 2009, with such investment focusing on infrastructure for agricultural production and in rural areas, and on government-subsidized housing projects, education, medical care and health sectors, he said. The investment would also go to reconstruction projects in earthquake-hit areas, innovation and technological upgrades of enterprises, and the construction of railways, roads, airports and ports, Li added.
He said the government would promote tax reforms and structural tax reductions to ease the tax burden for companies and residents, in a bid to stimulate investment and consumption.
The government would also work to increase incomes of low-income families to spur consumer spending, Li said.
More government money would go to projects that could improve people's livelihoods, such as increasing subsidies for farmers, agricultural production and in rural areas.
The government would also strive to achieve economic restructuring and growth by promoting technological innovation, energy conservation and pollution reduction, Li said.
"To act against the global financial crisis, we should have full confidence to turn challenges into opportunities," he said. "We believe we will succeed."
- 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.
