China to "strictly control" new projects this year: Wen's report

08:49, March 05, 2010      

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China will strictly control the launching of new projects this year in an effort to curb redundant investment, according to the text of the government work report that Premier Wen Jiabao is to deliver Friday.

Government investments at all levels should be concentrated in the most important areas and be mainly spent to carry on and complete existing projects, according to the report to be delivered at the annual session of the National People's Congress (NPC).

The text of the report was distributed to the media prior to the opening of the NPC session.

Source: Xinhua
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