China Economic Report
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As per China economic report formulated by Prime Minister Wen Jiabao central government would try to achieve a GDP growth rate of 8 percent in 2009 fiscal. This Chinese economic report also suggests that amount of urban employment in China would go up by 9 million and more.
Latest economic report of China by Wen Jiabao also suggests that in 2009 fiscal amount of registered unemployed people in urban areas would be held at less than 4.6 percent.
It has also been learned that, according to new economic report in China, consumer price index would reach 4 percent mark. Latest economic report at China has projected fiscal deficit in 2009 to be 750 billion Yuan. This is 570 billion more than in fiscal 2008. Chinese government would be raising 200 billion Yuan through issuance of government bonds.
According to latest economic report for China 130 billion Yuan has been set aside for helping recent earthquake victims in Wenchuan recover from a financial point of view.
Wen Jiabao, in his China economic report, has made it clear that 716.1 billion Yuan has been put aside as allocation for agricultural sector, farmers and rural areas. This amount is 120.6 billion Yuan more than 2008 fiscal.
Science and technological sector of China has also been provided with 146.1 billion Yuan in 2009 as per China economic report. This amount is 25.6 percent more than what had been provided in 2008 fiscal.
In 2009 fiscal, according to China economic report 293 billion Yuan would be spent on social safety net. This is equivalent of an increase of 43.9 billion Yuan or 17.6 percent.
Latest China economic report focuses a lot on improvement of overall economic structure of that country. It is also looking at addressing imbalances between income levels at rural and urban areas and increase overall income levels in China. It would also look at effecting improvements as far as balance of payments is concerned.
This China economic report would also focus on making real estate scenario in that country a more stable one. This report would try to reinforce some amount of regulations in real estate sector of China.
