Monday, January 12, 2009

Wen says stimulus plan to be sped up


Wen says stimulus plan to be sped up
12-01-2009

Premier Wen Jiabao said on Sunday the government would accelerate some of the spending planned as part of its multi-trillion yuan economic stimulus package, state media reported. Mr Wen said new measures to boost economic growth would be announced before the annual National People's Congress meeting expected in March. The spending package, which calls for four trillion yuan (US$586 billion) by the end of 2010, is already having an effect, Mr Wen said. He added that China's economy performed better than expected in December.

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