| Premier Wen: Economic policy to stay unchanged |
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| Friday,September 04,2009 Posted: 19:50 BJT(50 GMT) |
| From:xinhuanet Article type:Translated |
Chinese Premier Wen Jiabao said on Sept. 1 China would not change the orientation of its stimulating economic policy as the country is at a critical stage in the recovery of the economy.
Wen said, when meeting with World Bank President Robert Zoellick, that China's government would continue to pursue proactive fiscal and moderately easy monetary policies. China would fully implement and continue to enhance and perfect policy in response to the international financial crisis to achieve the goals of economic and social development. The macro-economic policy and measures that China adopted in response to the international financial crisis have been proved inconformity with reality, prompt, forceful and effective. He urged the international community to pay special attention to difficulties faced by developing countries, especially the least developed ones. He said the gap should be lessened by increasing aid, writing off debts, opening markets and transferring technology.
China's economy grew 7.1 percent in the first half of this year and 7.9 percent in the second quarter, reversing a declining trend in the previous seven quarters.In the first seven months of this year, China has seen a robust growth of domestic demand as consumption surged 15.2 percent year on year and investment 32.9 percent. The Ministry of Commerce predicts China's exports will slow their decline or even grow on a monthly basis.
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