Madtown HD Junkie
March 5th, 2009, 04:39 PM
http://news.bbc.co.uk/2/hi/asia-pacific/7925193.stm
Chinese Premier Wen Jiabao has said the current year will be the most difficult the country has faced this century because of the global economic crisis.
Addressing parliament, Mr Wen reiterated that there would be a $585bn (£413bn) investment programme to stimulate the Chinese economy.
He also declared an annual growth target of 8% and goals to boost consumption and raise consumer demand.
His address opens the annual session of the National People's Congress.
The BBC's James Reynolds in Beijing says the Communist Party fears that if annual growth slips below 8% there will be social instability.
When people cannot get jobs they start to question why the Communist Party should stay in power, our correspondent says, which is why it is so important for the Party to try to build on its stimulus package..........
Chinese Premier Wen Jiabao has said the current year will be the most difficult the country has faced this century because of the global economic crisis.
Addressing parliament, Mr Wen reiterated that there would be a $585bn (£413bn) investment programme to stimulate the Chinese economy.
He also declared an annual growth target of 8% and goals to boost consumption and raise consumer demand.
His address opens the annual session of the National People's Congress.
The BBC's James Reynolds in Beijing says the Communist Party fears that if annual growth slips below 8% there will be social instability.
When people cannot get jobs they start to question why the Communist Party should stay in power, our correspondent says, which is why it is so important for the Party to try to build on its stimulus package..........