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China's GDP grows 8.7% in 2009

0 CommentsPrint E-mail Xinhua, January 21, 2010
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Asked whether the government would end the stimulus package or introduce more stimulus plans, Ma said, "A key point of macro-regulation this year would be to balance the tasks of ensuring stable and relatively fast economic growth, adjusting economic structure and regulating inflation prospects."

Ma expected stable and relatively fast development of China's economy in 2010, due to the facts that world economic environment would improve slowly, and domestic investment and consumption were expected to increase.

"More over, exports and imports in 2010 will shift from a decreasing momentum to contribute to the growth of the economy," Ma said.

The NBS figures showed China's foreign trade totaled 2.2 trillion U.S. dollars in 2009, down 13.9 percent from a year earlier. But it began to increase in November, when the figure rose 9.8 percent from a year earlier.

"Although China had achieved remarkable successes in economic development and combating the world economic downturn last year, there are still domestic challenges and uncertainties in world market," said Ma.

The country this year would roll out more measures to improve the economic pattern, while eliminating outdated production capacity, controlling inflation, and preventing real estate prices from rising too fast, he said.

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