Premier Wen: China's stimulus package plan not fully understood

Source: Xinhua | March 13, 2009, Friday |

Online Edition

Premier Wen Jiabao said in Beijing today that China's stimulus package plan was not fully understood by the world.

"Rumors and misunderstanding set the world stock market on a roller coaster ride," Wen told reporters after the National People's Congress closed its annual session.

China has announced a 4 trillion-yuan (US$585 billion) two-year economic stimulus package to boost growth and domestic demand, 1.18 trillion yuan of which will be funded by the central government.

Nation

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Premier Wen: China's stimulus package plan not fully understood

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