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

Business / Policy Watch

Guangdong launches local stimulus plan

By Qiu Quanlin in Guangzhou (China Daily) Updated: 2014-05-29 07:42

Authorities in Guangdong province, an economic powerhouse in South China, plan to allocate a large sum of money this year to boost its economy.

According to a financial budget report submitted to a provincial legislative meeting for approval on Wednesday, the province will arrange for up to 64.7 billion yuan ($10.47 billion) to support development of infrastructure, maintain stable trade growth, expand consumption and promote the transformation of industry.

The move comes after relatively slow economic growth in the first four months of 2014.

The province's gross domestic product grew 7.2 percent year-on-year in the first quarter, or 1.3 percentage points lower than the same period last year, data from the Guangdong Provincial Statistics Bureau show.

"The economy faces pressures, and there are some uncertain factors ahead, following a tough trade situation, sluggish performance in the real estate sector and weakening demand in domestic consumption," Zeng Zhiquan, director of Guangdong Provincial Finance Department, said. "That's why we had to introduce financial measures to keep stable economic development for the whole year."

Guangdong, a longtime leader in terms of economic development in China, has a GDP growth target of 8.5 percent for 2014.

"A prompt and efficient financial policy is of great importance to adjusting the economy, given the slower economic growth of the past few months," Zeng said. There's "an urgent need for the government to introduce measures to boost the economy."

Of the budget, up to 14.8 billion yuan will come from local Treasury bonds, Zeng said.

"We expect that financial input will drive more social investment, which will help boost infrastructure development and expand domestic consumption," Zeng said.

Guangdong's fixed investment increased 17.3 percent year-on-year in the first three months, 2.2 percentage points lower than the same period last year.

Before the financial measures, the provincial government also decided to exempt 39 administrative fees for businesses from May 1.

"In such an economic situation, the exemption of administrative fees and increased financial support represented the government's determination to cope with the economic slowdown," Zeng said.

Guangdong launches local stimulus plan
Top 10 trading partners of the Chinese mainland

Guangdong launches local stimulus plan
Top 10 regions with highest GDP in China
 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
南安市| 雅江县| 建始县| 涞源县| 宁城县| 富蕴县| 沽源县| 惠州市| 比如县| 伊春市| 高州市| 读书| 揭西县| 宣威市| 林周县| 岢岚县| 镇坪县| 长顺县| 隆尧县| 隆安县| 东山县| 吉林市| 子洲县| 淳安县| 斗六市| 绥中县| 堆龙德庆县| 墨玉县| 金川县| 三台县| 施秉县| 凉城县| 兴仁县| 永善县| 河津市| 和田县| 北辰区| 盖州市| 南川市| 荥经县| 九寨沟县|