China will continue to push ahead its active fiscal policy next year in a bid to shore up fast- paced growth of its national economy, said finance minister Xiang Huaicheng in Beijing on Deceomber 7.

Addressing a national conference on fiscal policies which opened on December 8, Xiang said that as part of "the more active fiscal package" next year, China will continue to issue long-term bonds.

The long-term bonds will mainly be used in infrastructure projects. Bond revenue will also be directed to upgrade industrial technology, developing China's vast western areas, as well as science, technology and education.

In addition, the minister said, the bond fund will support projects to channel surplus water of the Yangtze River to the dry north and an expressway linking Beijing and Shanghai.

Xiang said that China will further raise tax rebates to boost exports.

China active fiscal policy has yielded obvious results this year. Fiscal revenue increased 18.2 percent on a yearly basis to 982.8 billion yuan (about 118 billion US dollars) from January to November, while the national fiscal expenditure increased by 16. 1 percent to 987.6 billion yuan. Economic growth rate is expected to reach seven percent or even higher this year.

Xiang said that to curb corruption, the government will strengthen fiscal management by encouraging government purchase through public bidding. (Xinhua)