Growth goal 'no problem': NDRC
By Li Jing | China Daily | Updated: 2009-10-20 10:02
China is hoping to stifle excessive production capacity in six industries - including steel and cement - as the world's third-largest economy looks to keep its recovery on track, said the National Development and Reform Commission (NDRC), the country's top economic planner.
China's economy expanded more than 7 percent in the first three quarters, thanks in large part to the government's 4-trillion-yuan ($586 billion) stimulus package, said Xiong Bolin, a deputy department director from the NDRC.
Speaking at a news conference in Beijing yesterday Xiong said: "The stimulus plan has played a key role in the recovery."
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