Financial turmoil cannot reverse China's economic go-ahead

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China’s economy will increase relatively slowly in the first quarter of next year, and then gradually move up to stabilization.” Liu Ruhe, deputy director of the Office of Central Financial Work Leading Group said on the meeting of “2009: prediction and strategies” held on Dec.12.

As China is still in the important development period, serious problems will not appear. What’s more, the annual financial revenue of China amounted to 6 trillion Yuan and China has the world’s largest foreign exchange reserves.

Zhang Ping, director of National Development and Reform Commission (NDRC) pointed out that although we are facing with very tough and complex situations, it should be noted that we are still in the period of important strategic opportunities and there remained many favorable conditions and positive factors to maintain stable and rapid economic growth.

Enlarge consumption from four aspects
Zhang proposed to enlarge domestic demands from the two aspects of investment and consumption under the premise of optimizing structure in order to promote stable and rapid economic growth. We should promote consumption, especially citizens’ consumption from the following four aspects: firstly, to increase citizens’ income; secondly, to develop hotspots for consumption and expand consumption space, especially to promote rural consumption; thirdly, to perfect consumption policies and optimize consumption environment; and lastly, to improve citizens’ consumption expectations and increase their consumption intentions, for more visit: chinametalbiz.com

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