Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Sunday, 01.21.2018
News Archive
Su Mo Tu We Th Fr Sa
 2  3  4  5  6  7  8
 9  10  11  12  13  14  15
 16  17  18  19  20  21  22
 23  24  25  26  27  28  29
 30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local

Members Of

Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Mar 05,2008
China sets GDP growth at 8 percent
by UPI

BEIJING -- Chinese Premier Wen Jiabo Wednesday announced a 2008 GDP growth target of 8 percent with inflation at 4.8 percent to check economic overheating and inflation.

Speaking at the opening session of the 11th National People's Congress, China's party-controlled parliament, Wen outlined the government's accomplishments over the past five years but also noted deep-rooted problems affecting the economy, Xinhua reported.

He said China's gross domestic product last year reached $3.425 trillion, up 65.5 percent from 2002. Government revenue in the same period rose 171 percent, while foreign exchange reserves totaled more than $1.52 trillion.

But he noted current price hikes and increasing inflationary pressures are major concerns.

He said based on improving economic structure, productivity, energy efficiency and environmental protection, the GDP should grow by about 8 percent, and the rise in the consumer price index should be held at 4.8 percent, the report said.

The New York Times reported China also plans to begin overhauling the bureaucracy with the help of super ministries to implement government policy.

The report said China's inflation in January hit 7.1 percent, an 11-year high, caused by rising domestic prices for food and other items.

Copyright © 2008, by United Press International. All Rights Reserved.

659 times read

Related news
China inflation forecast at 4.6 percent by UPI posted on Nov 23,2007

China's October CPI rises by UPI posted on Nov 13,2007

Inflation puffs up cost of Chinese exports by UPI posted on Feb 01,2008

Housing forecast dips slightly due to tighter lending by Bend_Weekly_News_Sources posted on May 11,2007

Uprising blamed for Tibet's GDP decline by UPI posted on May 07,2008

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 27 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County

Tower Theatre
Tower Theatre

The High Desert Museum


Deschutes County

  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?