The issue of a certain amount of treasury bonds each year would pose no danger to the Chinese economy, Finance Minister Xiang Huaicheng said in Beijing on January 26.

The minister made the remarks at a press conference sponsored by the Information Office of the State Council.

He said his judgment was based on the current scale of the central government's deficit and balance of the treasury bonds.

For a foreseeable period, the minister said, a pro-active fiscal policy would remain an important part of the macro-economy policy of the Chinese government.

It is only through such a policy that the government's goal of accelerating the adjustment of the economic structure, the construction of infrastructure and the development of the western regions would be realized, the minister said.

He explained that the pro-active policy must be continued in the near future because the effect of such a policy could not be seen in one or two years.

Otherwise, its effect would only be clear after investment, consumption, import and export recovered to a certain level, the minister added. (Xinhua)