www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Incentives will lift country's economy

By Cai Hong (China Daily)
Updated: 2009-03-06 07:42

Incentives will lift country's economy

Justin Lin, the chief economist of the World Bank

China's 4-trillion-yuan ($585 billion) stimulus package will help lift its economy in the wake of the global financial crisis, a senior World Bank official said on Wednesday, ahead of the opening session of the National People's Congress.

Related readings:
Incentives will lift country's economy China to publicize stimulus package details
Incentives will lift country's economy China stresses domestic demand in stimulating growth
Incentives will lift country's economy World stock markets rise amid China stimulus hopes
Incentives will lift country's economy Policy advisor: 4-trillion-yuan stimulus is not enough

"I am confident that the Chinese government's stimulus package will lift its economy out of the crisis," said Justin Lin, the chief economist of the World Bank.

China is in a much better situation than other countries, said Lin, who is also the senior vice-president at Johns Hopkins School of Advanced International Studies.

The country's stimulus plan includes investment in railways, rural areas, sewage treatment, water supply facilities, urban infrastructure and the energy sector.

During the Asian financial crisis in 1997, China, for the first time, adopted a stimulus package, investing heavily in building a highway network, one of the country's major bottlenecks.

As a result, the country's highways increased in size by more than five times between 1980 and 2002.

"China is in a lucky position as it has accumulated a large pool of foreign reserves. The government has a lot of savings," Lin said, adding: "China has fiscal space."

China's economy has kept growing at an average rate of 9.8 percent over the past 30 years.

The World Bank official suggested China opens more local banks, with good supervision, to offer more people, farmers in particular, financial services.

Moreover, sectors such as telecommunication and banking, which the monopoly policy favors, should be placed competitively, he said.

The government needs to support small- and medium-sized township enterprises to create more jobs, Lin said.

Lin was optimistic about China maintaining its economic growth at a 7-to-8-percent rate. China should grab the opportunities to make its stimulus package effective and make a successful transition from a planned economy to a market-oriented one, Lin said.

Incentives will lift country's economy

"The economic relations between China and the United States are a win-win situation for both sides. We have no time to point fingers at each other and have to work together for solutions," he said.

"As the world deals with the economic crisis, China's role should be regarded as crucial," he said.

Lin added that countries were paying "little attention to the root of the financial crisis, instead were only focusing on the tip of the iceberg". 

 
Photos
 

 

主站蜘蛛池模板: 国内精品久久久久久久星辰影视 | 国产一区二区免费在线观看 | 欧美性猛交xxxxx按摩国内 | 日韩 欧美 中文 亚洲 高清 在线 | 日韩区在线| 欧美成人性色大片在线观看 | 久久91| 看国产一级毛片 | 国产在线观看免费人成小说 | 日本b站一卡二不卡 | 在线观看日本亚洲一区 | 特黄特色三级在线观看 | 高清国产一级精品毛片基地 | 国产精品一区二区av | 97久久草草超级碰碰碰 | 免费播放国产性色生活片 | 免费高清国产 | 玖草在线观看 | 成人伊人青草久久综合网 | 亚洲精品国产成人99久久 | 精品中文字幕久久久久久 | 手机看片自拍日韩日韩高清 | 90岁老太婆一级毛片 | 久草视频免费播放 | 手机看福利片 | 夜夜操影院 | 成年人午夜网站 | 日韩一区二区三区在线播放 | 中文字幕在线永久 | 亚洲视频免 | 69xxxx欧美老师| 性感美女香蕉视频 | 久久久精品成人免费看 | 日韩精品一区二区三区中文字幕 | 亚洲女人网 | 宫女淫春3在线观 | 窝窝女人体国产午夜视频 | 欧美精品久久久久久久影视 | 好吊妞998视频免费观看在线 | 永久黄网站色视频免费观看99 | 欧美成人做性视频在线播放 |