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

China's Vice Minister of Finance, Lou Jiwei, has reaffirmed China will maintain the proactive fiscal policy, state media reported.

Lou said that China will continue to funnel state funds into massive infrastructure projects and to use government investment to address the gap in rural/urban development, the official Xinhua News Agency reported late Friday.

However Lou indicated that the government will try to trim the ballooning growth in state fixed-asset investment that rose 30.5% year-on-year to 3.4351 trillion yuan (US$1=CNY8.28) in the first nine months of 2003.

"The government has decided to keep the continuity of the proactive fiscal policy while properly adjusting the allocation structure and reducing the size of the government investment in evidence of the gradual and rapid growth of private investment," the report said, citing Lou.

Lou's comments follow a similar defense of China's proactive fiscal policy by Vice Premier Wu Yi on Thursday. That defense came in the wake of recent calls by Chinese economists that the government phase out the policy to head off a dramatic escalation in state debt levels.

The proactive fiscal policy is how China describes its state spending on fixed-asset investment, spending that has pushed the government's annual deficit from less than 1% of gross domestic product to more than 3% since 1997.

China's leadership has mainly directed those funds to infrastructure projects, which have provided much-needed jobs for laid-off workers as China's shift from a socialist planned economy results in widespread closures of ailing state- sector firms.

Close

Today's Top News		Top Business News
+Diplomats push for new 6-party talks ( 2003-11-10) +More areas progress in HIV/AIDS battle ( 2003-11-10) +Olympic venues get owners ( 2003-11-10) +Economists see rapid growth for two decades ( 2003-11-10) +Fire martyrs honoured at memorial ( 2003-11-10)		+Crocodile trademark at issue in courts ( 2003-11-10) +China official reaffirms proactive fiscal policy -Xinhua ( 2003-11-10) +China sees more industrial growth ( 2003-11-10) +Limited impact from rebate cuts ( 2003-11-10) +Steady economic growth forecast ( 2003-11-10)