BEIJING, Dec. 2 (Xinhua) -- Chinese economy is
forecast to grow by more than 9 percent next year, according to an annual blue
paper released by the Chinese Academy of Social Science on Tuesday.
Despite the huge uncertainty in 2009, China could
still achieve a 9-percent growth as long as it unveils timely and suitable
macro-economic control measures to boost domestic demand, said the blue paper.
Economic growth slowed to 9 percent in the third
quarter from 10.4 percent in the first half and 11.9 percent last year. Economic
data for October and November showed further downside risks.
Amid rising worries over an economic slump, China
unveiled a 4 trillion yuan (581 billion U.S. dollars) stimulus package on Nov. 9
to boost domestic demand. It has also cut the lending rate by 1.08 percentage
points as of Nov. 27, the largest reduction in 11 years and the fourth cut since
mid September.
The government think tank also said the consumer
inflation could be below 5 percent next year.
The agency called to tap domestic demand potential
and improve foreign trade polices to help exporters through the hard times. It
also urged to grasp the opportunity of slumping oil prices to reform the pricing
mechanism of energy.
BEIJING, Dec. 3 -- China's
top economic policy makers will meet next week to decide how to secure growth of
at least 8 percent, outpacing the World Bank's more pessimistic forecast,
government officials said Tuesday.
The annual Central Economic Work Conference, scheduled for
Monday through Wednesday, will tackle ways to implement the recently adopted
"expansive" fiscal policy and "moderately easy" monetary policy, officials
said. Full story
BEIJING, Nov. 25 (Xinhua) --
The World Bank on Tuesday cut its 2009 forecast for China's economic growth to
7.5 percent, from 9.2percent previously, in a report released here.
With the financial crisis spreading globally, the impact
on China is expected to intensify amid a global fund squeeze and a slowdown in
export growth in 2009, the World Bank said in its China Quarterly Update.
Full story
BEIJING, Dec. 2 (Xinhua) -- Chinese Vice Premier Wang Qishan has called for more
concrete measures to tap China's domestic consumption potential to sustain
economic growth.
External demand for Chinese goods has fallen markedly amid
the global financial crisis, while domestic consumption power also fell, Wang
told recent meetings on foreign and domestic trade. Full story
BEIJING, Nov. 14 (Xinhua) -- A senior
Chinese planning official told reporters here on Friday that the new 4 trillion
yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion
yuan from the central government through 2010.
Mu Hong, vice director of the National Development and
Reform Commission (NDRC), said the agency would add 100 billion yuan of new
investment during the fourth quarter. Full story
BEIJING, Nov. 28
(Xinhua) -- The Political Bureau of the Communist Party of China (CPC) Central
Committee convened a meeting here on Friday, analyzing and studying the economic
work of next year and setting out major tasks.
The meeting said that this year has been eventful and the
country has risen to many daunting challenges, including the global financial
crisis and domestic natural disasters. The economy has maintained a stable and
relatively fast growth and society has been stable, which are hard-won
achievements, it said. Full story
