After the central government announced last Sunday a 4 trillion yuan ($586 billion) stimulus package to boost the economy, it is the first time the personal evaluation of the premier was made public on the situation.

The State-owned Assets Supervision and Administration Commission (SASAC) have recently warned large state-owned enterprises (SOEs) to be cautious. Minister Li Rongrong told them not to rush into overseas mergers and acquisitions. Li told them to hold their money and said there will be plenty of opportunities in the future.

With much of the stimulus package already in the implementation process, Justin Lin, World Bank chief economist told China Daily on Nov 12, he thinks the country will achieve 8-9 percent GDP growth in 2009 and 2010, and help the economics in the whole world.

From the experts’ point of views, although the economic growths in the developing countries will fall next year, they will still in an apparent higher level toward the global standard. “If China can maintain its dynamic growth, I think the world will find it much easier to fight this global recession,” Lin said.

Robert Zoellick, the World Bank Group President, said in a press conference earlier on Tuesday that China had set an excellent example in dealing with the global financial crisis in a very constructive way. He had suggested many countries with such a way China had followed.

China is ready to contribute to the global anti-crisis efforts directly.

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