|
|
NPC & CPPCC > Press Conference
|
Stimulus package must be approved by parliament(Xinhua)
Updated: 2009-03-04 11:42 BEIJING --China's 4-trillion-yuan (585.5 billion U.S.dollars) stimulus package must be approved by the National People's Congress (NPC), China's parliament, a parliament spokesman said here Wednesday. "The investment proposed by the central government will be listed on the annual central budget and submitted to the NPC for deliberation and approval," Li Zhaoxing, spokesman for the Second Session of the 11th NPC, told a press conference. The State Council, or Cabinet, announced a 4-trillion-yuan stimulus package at the end of last year to shore up economic growth amid the financial crisis, which dropped to 9 percent in 2008, the lowest since 2001. The 4-trillion-yuan package includes 1.18 trillion yuan investment from the central government and the rest will come from local governments and the business world, Li said. Among the additional 100 billion yuan investment in the fourth quarter last year announced by the central government, 30 billion yuan had already been allocated. Li said the State Council had reported the 30 billion yuan investment to the NPC Standing Committee. "The rest 70 billion yuan will be included in the 2009 central budget and be allocated this year," Li said, adding that the procedure is totally legitimate.
An editorial of the People's Daily has called on China's top political advisory body to made due contributions to help the country weather through difficulties.
|
       |
凌云县| 乌什县| 蒙山县| 大方县| 文山县| 保康县| 徐汇区| 托克托县| 瑞金市| 瓦房店市| 宜兰市| 平舆县| 太仆寺旗| 常山县| 秦安县| 祁门县| 阳高县| 宁南县| 溧水县| 普宁市| 鸡泽县| 新乡县| 丰宁| 南昌市| 江口县| 太和县| 宝兴县| 伊通| 沛县| 保康县| 台江县| 通辽市| 泰和县| 开平市| 女性| 蛟河市| 武鸣县| 阿拉尔市| 抚远县| 永安市| 福安市|
