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Reporter:
Representing the State Council, Zhang Ping, minister in charge of the National Development and Reform Commission, outlined China's current economic situation to the top legislature.
"China's economy has a heavy reliance on the overseas market. The global financial crisis and the reshuffle in the world's economy will inevitably have an impact on China's economy. China faces a continual threat of a faltering economy."
In response to all the difficulties which emerged after the third quarter, Zhang Ping says China will take a series of measures to maintain a sound and swift development of the national economy.
"We must regard stable and swift economic development as top priority. We should stick to flexible and prudent macro economic policies and continue to adopt proactive fiscal policy and a moderately-relaxed monetary policy. We should also strengthen our support to spur domestic demand, adjust development mode and ensure people's well-being."(www.hXen.com)
Zhang Ping has also underscored the importance of energy efficiency while carrying out new projects.
"We should continue to set energy conservation, emission reduction and environmental protection as important goals of macro control measures. We should vigorously develop and promote environment friendly technologies. We should also intensify the intensive use of land, hydro, grassland, forest and mineral resources and strengthen our capacity to tackle climate change."
China's economy grew 9.9 percent in the first three quarters of this year. In the fourth quarter, the central government will invest 100 billion yuan, or 15 billion U.S. dollars, more into new projects and allocate a special earthquake relief fund worth 20 billion yuan.
Zhou Jing, CRI news.