国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

China to ease controls on investment approval

(Xinhua)
Updated: 2009-05-26 15:53

China will ease government controls this year to stimulate private-sector investment amid an economic slowdown, the top economic planner said in an online statement Monday.

The government would narrow the scope of projects requiring approval "by the maximum extent," the National Development and Reform Commission said in its 2009 plan on deepening economic reforms.

It said the plan had been approved by the State Council, or Cabinet.

Related readings:  Stimulus package has started bearing fruits  3rd tranche of stimulus package to 'fall short'  Stimulus package doing its job: Wen  Wen: Stimulus package plan paying off

The power of approval will also be transferred to lower government levels to spur private investment.

The government encourages the use of non-governmental capital in such key sectors as petroleum, railways, power generation, telecommunications and public facilities.

China hopes investment and consumer spending will support its slowing economy, as exports have slumped under the impact of the global downturn.

The government announced a stimulus package in November to spend four trillion yuan ($586 billion) by the end of 2010. It has spent 230 billion yuan so far.