 |
|
Chinese Premier Wen Jiabao (L) speaks during an exclusive interview with Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the Chinese central authorities at the heart of Beijing, capital of China, Dec. 27, 2009. (Xinhua/Yao Dawei)
Photo Gallery>>> |
BEIJING, Dec. 27 (Xinhua) -- The problem of overcapacity in China had no relation to the central government's investment in the 4-trillion-yuan (585.6 billion U.S. dollars) stimulus package, Premier Wen Jiabao said Sunday during an exclusive interview with Xinhua.
"I can guarantee that the 1.18-trillion-yuan investment the central government planned for 2009-2010 has not been and will not be spent on any industrial projects," he said.
About 590 billion yuan of the 1.18-trillion-yuan investment planned by the central government had been spent this year, mainly on affordable housing projects, infrastructure construction in rural areas, improving people's livelihoods, environmental protection, technological reform and building necessary infrastructure, such as the Beijing-Shanghai high-speed railway and major highway networks, he said.
"Industrial overcapacity has been a global issue, which fundamentally results from less demand and a shrinking market," Wen said.
In China, industrial overcapacity was also a result of the long-existing problem of an imbalanced economic structure, he said.
"To resolve the problem of overcapacity, the most important thing is to take economic, environmental, legal and, if necessary, administrative measures to eliminate backward capacity and, in particular, restrict the development of industries with excess capacity," he said.
"The other aspect is that, China should channel some excess capacity into new fields through technological innovation," Wen said.
Ten government departments, including the National Development and Reform Commission and Ministry of Industry and Information Technology, jointly warned in October that the country's economic recovery could be hampered with chaotic expansion in certain industries, especially in steel, cement, plate glass, coal chemical, poly-crystaline silicon and wind power equipment sectors.
In the latest effort to curb overcapacity, the government asked its financial institutions Wednesday to stop blind loan extensions to companies or projects in industries plagued by serious overcapacity.
Premier Wen says science, technology key to China's economic development
BEIJING, Dec. 27 (Xinhua) -- Premier Wen Jiabao said here Sunday that China would rely on science and technology to change its growth pattern.
"It (science and technology) is key to China's economic development," Wen made the remarks when asked how China would respond to global scientific innovation expedited by the international financial crisis. Full story
Premier: China to steadily advance reform of household registration system
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday China would advance the reform of its decades-long household registration system in a steady manner, in a bid to ensure migrant workers to have equal rights as city dwellers.
Those policies are also key to speeding up urbanization and boosting domestic consumption, Wen said in an exclusive interview with Xinhua News Agency. Full story
China won't yield to yuan appreciation pressure: Premier
BEIJING, Dec. 27 (Xinhua) -- China would not yield to pressure for the appreciation of its currency yuan, or renminbi, in any form, Chinese Premier Wen Jiabao said Sunday.
"A stable Chinese currency is conducive to the international community," Wen told Xinhua in an exclusive interview. Full story
Improving people's livelihood always a priority: Premier
BEIJING, Dec. 27 (Xinhua) -- The Chinese Premier Wen Jiabao stressed on Sunday that the final ends of the nation's economic growth is to improve people's well-being, which is a priority on the government's agenda amid the global financial crisis.
Despite the tight fiscal condition, China beefed up the income and welfare enjoyed by the retirees and low-income residents, and unveiled the significant health-care reform in 2008, Wen told Xinhua in an exclusive interview. Full story
Chinese Premir stresses confidence, responsibility, cooperation in tackling downturn
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday the government had stressed confidence, responsibility and cooperation in dealing with the effects of the global economic crisis. Full story
Chinese people should be proud of economic performance: Premier
BEIJING, Dec. 27 (Xinhua) -- Chinese people should be proud of the country's economic performance as the government's economic stimulus package proved effective, Premier Wen Jiabao told Xinhua Sunday in an exclusive interview. Full story
Premier Wen holds exclusive interview with Xinhua
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao holds an exclusive interview with the Xinhua News Agency on Sunday afternoon at Ziguangge building inside Zhongnanhai, an office compound of the central authorities at the heart of Beijing. Full story
Premier Wen promises annual dialogue with netizens ahead of Parliament session
BEIJING, Dec. 27 (Xinhua) -- Chinese Premier Wen Jiabao said Sunday he would continue his dialogue with netizens before the annual Parliament session in March next year. Full story
Special Report: Premier Wen Jiabao Gives Exclusive Interview with Xinhua News Agency
