14 core data in the report of the Chinese economy this year
Chinese Premier Wen Jiabao announced in his government work report, there are 14 noticeable economic data:
- 8%: GDP, 8 percent;
- 9 million: towns with more than nine million new jobs;
- 4.6%: the registered urban unemployment rate within 4.6 percent;
- 4%: the overall level of consumer prices rose about 4 percent;
- 950 billion: National budget deficit 950 billion yuan, including 200 billion yuan of local bonds;
- 5 trillion: more than 5 trillion yuan for new loans;
- 500 billion: to alleviate the tax burden for enterprise, the residents about 500 billion yuan;
- 908 billion: the central government with a total investment of 908 billion yuan;
- 42 billion: the central finance invests 42 billion yuan to promote employment;
- 331,800,000,000: the next three years at all levels of government medical reform intends to invest 850 billion yuan, of which 331.8 billion yuan into the central treasury;
- 716,100,000,000: the central budget has proposed to arrange for “San Nong” in 716.1 billion yuan, an increase over the previous year 120.6 billion yuan;
- 146,100,000,000: the central budget for science and technology investment 146.1 billion yuan, an increase of 25.6%;
- 293 billion: the central finance social security funds to be invested 293 billion yuan, is expected to increase over the previous year 43.9 billion yuan;
- 130 billion: the central finance to be arranged 130 billion yuan this year, post-earthquake reconstruction funds.
Experts: Central Bank will continue to cut interest rates sharply in 2009
This week, the central bank announced to cut down 1.08 percentage points benchmark interest rate for one year, while the experts maintain that in 2009, the central bank will continue to cut interest rates sharply. They point out that Europe and the United States economy has entered a recession because of the financial crisis, our domestic export growth and industrial added value growth will have a marked decline, so the central bank will cut interest rates sharply to form the resultant force of policies.
High national debt will escort the Chinese economy in 2009
It is reported that in December, the Central Economic Work Conference will release more signals to stimulate the economy, including under the cooperation of proactive fiscal policy and moderate monetary policy next year, China will issue at least 2,000 billion yuan long-term bonds and moderately expand the size of deficit. China Macroeconomic Institute of the Secretary-General Wang Jian also estimated that next year China may issue 200 billion to 300 billion yuan for bond construction.
China Economic Aggregate ranked fourth in the World
According to the report from the National Bureau on 17th, since the reform and opening up 30 years ago, China’s international standing and influence has been changed in the history, and GDP ranked top four in the world for 3 years.
the GDP Growth Plan of 2009
According to the report on the “HongKong Economic Daily News” quoted by the relevant person, the Central Economic Work Conference, which will be held early next month, will predetermine the target GDP of 2009 will maintain 8% growth.
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