Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China stresses domestic demand in stimulating growth as crisis harms export
+ -
09:40, March 05, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related Channel News
· NPC & CPPCC Sessions 2009
 Comment  Tell A Friend
 Print Format  Save Article
China would make boosting domestic demand a "long-term" strategy and take further measures to stimulate consumer spending, as the country seeks to lead its economy out of a slowdown that started with falling export.

The country would "give a full play" to the "leading" role of domestic demand, particularly consumer demand, in driving economic growth, Premier Wen Jiabao said in his government work report at the opening of the second session of the 11th National People's Congress (NPC) Thursday.

China would actively boost domestic demand by increasing people's income, encouraging auto consumption, tapping the rural market, stabilizing the real estate market, offering proper housing for low-income families and accelerating the reconstruction of areas devastated in the May 12 earthquake last year, Wen said.

The government would raise the proportion of the national income that goes to wages, he said, adding the government would continue to adjust income distribution and increase subsidies to farmers and low-income urban residents.

Wen also said that central government investment, planned at 908 billion yuan (132.7 billion U.S. dollars) this year, would mainly go to projects that could improve people's lives, to create a more favorable environment encouraging people to spend.

"We must channel government investment to areas where it best counteracts the effects of the global financial crisis and to weakareas in economic and social development," he said.


  Your Message:   Most Commented:
British boy becomes father at 13 
Full Text of Human Rights Record of United States in 2008
Looted Chinese relics sold for 14 million euros each
China hits back with report on U.S. human rights record
U.S. Secretary of State Hillary Clinton arrives in Beijing for China visit

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved