Mon, March 02, 2009

China unveils stimulus package

Official: no protectionism in China's economic stimulus plans

There were no protectionism measures in China's stimulus plans for the 10 key industries, Liu Tienan, vice minister of the National Development and Reform Commission told a press conference here Friday. Full story

BACKGROUND

Timeline of stimulus measures

China will adopt an "active" fiscal policy and "moderately easy" monetary policy to support fast but steady economic growth by expanding domestic demand.

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Official: no protectionism in China's economic stimulus plans

2009-02-27 04:22:56 GMT Xinhua English BEIJING, Feb. 27 (Xinhua) -- There were no protectionist measures in China's stimulus plans for 10 key industries, Liu Tienan, vice minister of the National Development and Reform Commission, told reporters here Friday.

Stimulus package 'may grow'

2009-02-26 03:10:42 GMT China Daily China's government may spend another four trillion yuan to stimulate the slowing economy, Sun Mingchun, chief China economist with Nomura International, said at an investment forum on Wednesday.

Chinese shares up 0.58%, reacting to stimulus policy

2009-02-20 05:22:21 GMT Xinhua English BEIJING, Feb. 20 (Xinhua) -- Chinese shares in Shanghai rose 0.58 percent during Friday's morning session, boosted by home electric appliance shares benefiting from the government's stimulus policy.

Chinese official: No misuse of stimulus funds

2009-02-19 14:00:45 GMT Xinhua English BEIJING, Feb. 19 (Xinhua) -- An official of China's National Audit Office (CNAO) said Thursday that the agency had not found any serious misuse of economic stimulus funds, but he vowed to step up supervision to ensure economic and social stability.

Stimulus package for 10 sectors

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China announces stimulus plans for nonferrous metals,logistics

2009-02-25 11:28:31 GMT Xinhua English BEIJING, Feb. 25 (Xinhua) -- China's State Council announced Wednesday support plans for the country's nonferrous metals and logistics sectors to stimulate the economy.

Chinese shares continue gains on stimulus plans for light industry, petrochemical sector

2009-02-20 08:41:09 GMT Xinhua English BEIJING, Feb. 20 (Xinhua) -- Chinese equities continued rising Friday despite an overnight plunge on Wall Street, after the central government's announcement of stimulus plans for the light industry and petrochemical sector Thursday night.

China unveils support package for light industry, petrochemical sector

2009-02-19 12:32:30 GMT Xinhua English BEIJING, Feb. 19 (Xinhua) -- The State Council, or China's Cabinet, announced plans to boost the country's light industry and petrochemical sectors in a bid to stimulate the economy.

China approves support plan for electronics and information industry

2009-02-18 11:26:48 GMT Xinhua English BEIJING, Feb. 18 (Xinhua) -- China approved Wednesday a support plan for the country's electronics and information industry.

Opinions

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Hu: Hardships and opportunities amid global financial crisis

2009-02-24 16:35:47 GMT Xinhua English BEIJING, Feb. 24 (Xinhua) -- Chinese President Hu Jintao has called for greater awareness of both hardships and opportunities presented by the global financial crisis in order to offset the impacts of the crisis.

Experts: Stimulus bill could backfire on US

2009-02-12 03:17:04 GMT China Daily The US Senate has taken an important step in the fight against recession by passing the $838-billion economic stimulus bill, but the bill's protectionist clauses could backfire and hamper the country's recovery, Chinese economists said yesterday.

Wen says China confident of weathering financial crisis

2009-02-02 14:01:21 GMT Xinhua English LONDON, Feb. 2 (Xinhua) -- Chinese Premier Wen Jiabao told the Financial Times on Sunday that based on a scientific attitude and pragmatic view he is confident China will weather the global economic crisis.

News Analysis: China's steel industry benefits from stimulus, support plan

2009-01-22 09:30:48 GMT Xinhua English By Xinhua writer Zhu Shaobin