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

Opinion

Vital stimulus check

(China Daily)
Updated: 2009-10-29 08:17

The efforts of Chinese lawmakers to scrutinize the quality and effect of the country's 4-trillion-yuan ($586 billion) stimulus package are more than needed in spite of the initial fruit it has borne in reviving economic growth.

If the country is to make utmost use of such massive public spending to pursue sustainable recovery, it is time to make a thorough assessment and adjust the focus of the stimulus package in line with the quality of economic growth.

Vital stimulus check

The Standing Committee of the 11th National People's Congress (NPC) yesterday reviewed a government report on implementation of the massive public spending program that the country rolled out about a year ago to fight the worst global financial and economic crisis in many decades.

In retrospect, the country's stimulus package has so far worked well enough to enable the Chinese economy to lead the global recovery with what appears to be a remarkable V-shaped rebound.

Though shrinking exports remain a drag, China's economic expansion accelerated from 6.1 percent in the first quarter of this year, the slowest in almost a decade, to 7.9 percent in the second quarter and 8.9 percent in the third.

However, the current sound performance of the government's massive stimulus package does not deny the necessity of a close examination by lawmakers to ensure the quality and efficiency of those investment projects in the future.

If the Chinese government's quick introduction of such a stimulus package in the face of a significantly worsened global slowdown was then largely a matter of expedience, a careful review by the legislature is now a matter of urgency.

With the help of unprecedented credit growth, the country's massive stimulus package has, on the whole, worked its magic to put the Chinese economy in a comfortable position to achieve the annual growth target of 8 percent for this year.

But legislators who have travelled around the country to inspect those public spending programs have found that some of them were not well planned and some others were inadequately financed by local governments.

Related readings:
Vital stimulus check No major problem found in stimulus fund use: NAO
Vital stimulus check Officials punished for violating disciplines in economic stimulus projects
Vital stimulus check Stimulus funds help end crisis
Vital stimulus check Govt stimulus is like planting grass on a desert plot

As a result, poor investment planning has both retarded implementation and added to the financial burden of local governments that have already felt the pinch of economic slowdown.

Clearly, all such problems that legislators have identified should catch the attention of policymakers who might be thinking about an exit strategy.

Regardless of when the country's stimulus package is proposed to be phased out, all the public spending projects will continue to serve the economy for a fairly long period.

A timely check on their quality and efficiency is of long-term importance to the country's economic growth.

达州市| 安乡县| 名山县| 普定县| 稻城县| 渝中区| 宜都市| 普兰店市| 抚远县| 探索| 三亚市| 分宜县| 英超| 来宾市| 嵊州市| 乌鲁木齐县| 吉木萨尔县| 英吉沙县| 应城市| 兴隆县| 怀化市| 鄂伦春自治旗| 顺平县| 大新县| 河间市| 平顶山市| 奈曼旗| 自治县| 宁夏| 漯河市| 陵水| 顺昌县| 筠连县| 宜兰市| 永定县| 古丈县| 伊宁市| 萝北县| 咸丰县| 安岳县| 区。|