The country’s top leadership guaranteed the taking steps to ensure a “stable and relatively fast” economic growth next year after the three-day Central Economic Work Conference (CEWC) in Beijing on December 10, 2008.

President Hu Jintao and Premier Wen Jiabao addressed at the annual conference that policymakers plan to boost domestic demand and carry out economic restructuring to maintain a sound economic growth amid the deepening global financial crisis.

Under the worsening global economic situation, the World Bank was forced to cut its growth forecast for the world economy from 1 percent to 0.9 percent next year. And the global trade volume would decrease by 2.1 percent, it said.

To tackle the crisis, the government Read more…

Popularity: 3% [?]

Beijing, CEWC, China, domestic demand, economy, growth

A nuclear plant which is designed to have a capacity of 8,000 megawatts is expected to begin soon and put to use in 2013. Once in operation, it will generate 60 billion kilowatts of electricity annually.

Located in Pengze in the Jiujiang city of Jiangxi province, the project is a move of China’s policy to boost the domestic demand.

The project which is a 60-billion-yuan construction is among China’s first batch of inland nuclear Read more…

Popularity: 2% [?]

China, domestic demand, Jiangxi, NDRC, nuclear plant

According to the nation’s think tank the day before yesterday, China’s GDP growth could get 9% next year.

Because of the moves of stimulating investment and consumption, it is believed that the GDP growth could get 9% next year—with 70% possibility.

Wang Tongsan, a senior economist also holds the same opinion, he said Read more…

Popularity: 4% [?]

China, domestic demand, economy, GDP, growth, package, spur, stimulus