UN expects solid recovery in Asia Pacific

By Maverick Chen: 0 Comments Print E-mail China.org.cn, May 6, 2010

Adjust font size:

Huang Yiping, a professor at Peking University speaks at the meeting. [Maverick Chen / China.org.cn]

China will lead the region, according to the report, growing 9.5 percent. Huang Yiping, a professor at Peking University, said meeting the annual growth objective is "no problem," but a more pressing issue is China's long-term growth mode.

China plans to issue 7.5 trillion yuan (US$1.1 trillion) in new loans this year, a 150-percent increase, to stimulate infrastructure and other major sectors. But inflation and price bubbles have made moderately tight fiscal policies a necessity.

Huang also noted that in last year's 4 trillion yuan (US$585.65 billion) stimulus package, 34 percent went to sectors and industries related to ecology and environmental protection, a clear message that a greener GDP has become the government's pursuit.

Previous 1 2