e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest
Special> Coping With the Global Financial Crisis> Latest
UPDATED: October 22, 2009
China's Recovery Trend 'Consolidated': Cabinet Meeting
China has reversed the downward trend in economic growth
Share

China's economic and social development was better than expected, with a "consolidated" growth recovery, the government said Wednesday.

China has reversed the downward trend in economic growth thanks to the timely and full implementation and continuous enrichment of the government's economic stimulus package and other policies to address the global financial crisis, said a statement issued after an executive meeting of the State Council, or the Cabinet, on Wednesday chaired by Premier Wen Jiabao.

The country's quarterly economic growth picked up speed in the first three quarters of this year and the contribution of domestic demand to economic growth was enhanced, it said.

China's economy grew 6.1 percent year on year in the first quarter of this year and 7.9 percent in the second. Economic data for the third quarter were due for release Thursday.

The country was actively promoting industrial restructuring as well as energy conservation and emission reduction, and had done well in optimizing demand structure, improving people's livelihood and boosting urban employment, according to the statement.

A key point of China's macro-regulation in the coming months this year would be to balance the tasks of ensuring a stable and relatively fast economic growth, adjusting economic structure and regulating inflation prospects, it said.

The country would continue the proactive fiscal policy and moderately easy monetary policy, and maintain continuity and stability in its macroeconomic policy, it said.

The statement said the country's economic and social development was in a critical period of stabilization and moving upward. The government should take into full consideration of all kinds of difficulties and make ample preparations for all possible challenges, it said.

(Xinhua News Agency October 21, 2009)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved