Chinese President Hu Jintao has called for redoubled efforts at local level to promote economic growth and improve living standards and social stability.
Major Chinese cities such as Shanghai and Beijing could gain from the global financial crisis, which is reshaping the world´s financial landscape.
Things seem to be brightening up ahead of the G20 summit in London, which many people have predicted in the last few weeks would prove to be of little use to resist the worldwide financial crisis.
Chinese Government needs to make fresh investment in addition to the 4-trillion yuan ($586 billion) economic stimulus plan to boost the slowing economy, a senior policy advisor said on Wednesday.
Minister says 2009 will be tough for the country´s fiscal revenue, revenues falls and spending surges.
In response to changing conditions, the government shifted efforts from fighting overheating to seeking sound and fast development. Following are moves taken over approximately the past 90 days to boost the economy:
Within 6 weeks, China unveiled stimulus plans for 10 industries, on the top of its 4 trillion yuan stimulus package announced four months ago.
Recently governments, both central and regional, have released many policies to prop up sagging sales in the property market.