China is preparing steps to boost domestic demand, including more spending on railways, to help cushion the impact of the global credit crisis, a senior official said on Saturday.<\/p>\n
The package of measures will be finalised at next month’s Central Economic Work Conference, at which top policy makers will chart policy for 2009, Zheng Xinli, vice-head of the ruling Communist Party’s Policy Research Office, said.<\/p>\n
“China will roll out some very important measures to boost domestic demand next year,” Zheng told reporters on the sidelines of an economic forum.<\/p>\n
He said China still had potential to increase consumption further, but rapid growth in household spending in recent years meant the scope was limited.<\/p>\n
Policy makers were concentrating instead on stepping up investment in industrial projects and infrastructure, particularly railways, and at relaxing curbs on the property sector.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
From Reuters: China is preparing steps to boost domestic demand, including more spending on railways, to help cushion the impact of the global credit crisis, a senior official said on Saturday. The package of measures will be finalised at next month’s Central Economic Work Conference, at which top policy makers will chart policy for 2009, […]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[7663,2012,1014],"class_list":["post-26344","post","type-post","status-publish","format-standard","hentry","category-economy","tag-financial-crisis-2008-2009","tag-investments","tag-railway","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
China Puts Railways At Heart Of Stimulus Plan<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n