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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China sees stimulus package bringing growth AFP - Sunday, March 22 BEIJING (AFP) - - China's huge stimulus package is expected to contribute at least 1.5 percent to the nation's economic growth this year, a top official said Sunday, as the Asian giant continues to fight the crisis. ADVERTISEMENT Zhang Yutai, head of the development research centre of the State Council, or cabinet, said the four-trillion-yuan (580-billion-dollar) package could contribute 1.5 to 1.9 percent to China's growth, the official Xinhua news agency reported. The figure was a preliminary assessment, Zhang was quoted as saying. The stimulus package was unveiled in November in a bid to fight the impact of the global financial crisis. China has set an economic growth target of about 8.0 percent this year, a level that the government says it needs in order to keep unemployment at a manageable level. However, just over a week ago, Premier Wen Jiabao admitted this target would be difficult to achieve. On Wednesday, the World Bank slashed China's economic growth forecast to 6.5 percent in 2009. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Financial Crisis China sees stimulus package bringing growthAFP - Sunday, March 22 TOPWRAP 5-EU OKs IMF funding boost; US red ink risesReuters - Saturday, March 21 Tajikistan secures $40 million aid packageAP - Saturday, March 21 Drop in annual pay ahead for civil servantsChannel NewsAsia - Friday, March 20 Related Articles: Business Australia PM urges greater say for China in IMFAFP - 1 hour 32 minutes ago Bank Muscat sold 81 pct of stake in India's HDFCReuters - 1 hour 43 minutes ago Report: Nissan planning luxury hybrid in 2010AP - 2 hours 1 minute ago 'Virtually impossible' for Aus economy to grow: PMAFP - 2 hours 22 minutes ago Childrens' Investment Fund sells Indian state bank holdingsReuters - 2 hours 53 minutes ago Enlarge Photo China sees stimulus package bringing growth Related Photos Slideshow Financial Crisis Related Full Coverage Financial fallout Latest news on global credit crunch. All Full Coverage Most Popular – Business Viewed Madoff loses bail appeal as victims' rage revealed Obama budget deficit could hit 1.845 trln dlrs Actress Natasha Richardson dies after ski accident Arrest warrant issued for Lindsay Lohan Opel boss hints at closing German plants View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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