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Stimulus activities quite successful

(China Daily)
Updated: 2009-09-22 17:04

"The stimulus activities geared towards internal demand that the government has undertaken have proven quite successful," Hans-Christian Marxen, Nanjing board chair of the European Union Chamber of Commerce told China Daily in an exclusive interview, commenting on the efforts made by Nanjing government.

Development in Nanjing has been particularly robust both before and following the global economic downturn, largely because most companies operating in the city target the domestic market, he said.

"The crisis will not affect our European companies here that much as they focus on the Chinese market. By investing here and producing here one could still expect a gross domestic product growth of about eight percent this year," he added.