综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Stimulus package must be approved by parliament

(Xinhua)
Updated: 2009-03-04 13:57

China's 4-trillion-yuan ($585.5 billion) stimulus package must be approved by the National People's Congress (NPC), China's parliament, a parliament spokesman said 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.

Related readings:  40 projects under China's petrochemical stimulus package  China's Feb new yuan loans reach 1.1 trillion yuan  China to publicize stimulus package details  Stimulus spending tests fiscal balance amid crisis

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.