China unveils stimulus package for 10 sectors Thursday, February 26, 2009

China unveils stimulus package for 10 sectors

Machinery, textile industries 

BEIJING, Feb. 3 (Xinhua) -- Support plans for the machinery and textile industries have been drafted and will be submitted to the State Council, the Chinese cabinet, for discussion, according to a media report. Full story

Shipbuilding industry

BEIJING, Feb. 11 (Xinhua) -- China's State Council adopted a stimulus plan Wednesday for the shipbuilding industry at an executive meeting chaired by Premier Wen Jiabao.  Full story

Auto, steel industries  Analysis

BEIJING, Jan. 14 (Xinhua) -- China's State Council unveiled a long-awaited support package for the auto and steel sectors Wednesday to boost the two "pillar industries". Under the plan, the government will lower the purchase tax on cars under 1.6 liters from 10 percent to 5 percent from Jan. 20 to Dec. 31 in a bid to stimulate sales. Full story

Electronics and information industry

BEIJING, Feb. 18 (Xinhua) -- The government will boost innovation, increase financial input and promote the use of information technologies in various fields in the next three years, according to an executive meeting of the State Council, or the Cabinet. Full story

Light industry, petrochemical sector

BEIJING, Feb. 19 (Xinhua) -- The State Council, or China's Cabinet, announced plans to boost the country's light industry and petrochemical sectors in a bid to stimulate the economy.

    The country will lift processing trade restrictions on some labor-intensive, technology-intensive, energy-efficient, and environment-friendly products, according to an executive meeting of the State Council on Thursday.  Full story

Nonferrous metals, logistics

BEIJING, Feb. 25 (Xinhua) -- China's State Council on Wednesday announced support plans for the country's nonferrous metals and logistics sectors.

    The product structure of the nonferrous industry should be adjusted to meet the demand of power, transportation, construction, mechanics and light industries, the announcement said. Full story

Hu: Hardships and opportunities amid global financial crisis

    BEIJING, Feb. 24 (Xinhua) -- Chinese President Hu Jintao has called for greater awareness of both hardships and opportunities presented by the global financial crisis in order to offset the impacts of the crisis.  Full story  

Premier Wen: China confident of weathering financial crisis

    LONDON, Feb. 2 (Xinhua) -- Chinese Premier Wen Jiabao told the Financial Times on Sunday that based on a scientific attitude and pragmatic view he is confident China will weather the global economic crisis.

    The confidence, Wen said, comes from a correct judgment of the current situation. He also credited China's robust material foundation and the strong economic system that his country has established during the past 30 years of reform and opening-up.  Full story 

China's 4 trillion yuan stimulus to boost economy, domestic demand

    BEIJING, Nov. 9 (Xinhua) -- China said on Sunday it will loosen credit conditions, cut taxes and embark on a massive infrastructure spending program in a wide-ranging effort to offset adverse global economic conditions by boosting domestic demand.  Full story  

China central gov't cashes in another $19 bln for stimulus plan

    BEIJING, Feb. 3 (Xinhua) -- China's central government has launched a new stimulus plan totaling 130 billion yuan (19 billion U.S. dollars) to boost its economy, an official of the National Development and Reform Commission (NDRC) said on Tuesday.  Full story

Editor: Pliny Han
Source: Xinhua