Reporters' Log

China to further build reserve system

By Jiang Wei (chinadaily.com.cn)
Updated: 2009-03-06 11:39

Xie Xuren, Minister of China's Finance Ministry, answers questions during a press conference on the sidelines of the 2nd session of the 11th NPC in Beijing, March 6, 2009. [Xinhua]

China will increase national reserves of grain, cotton, crude oil, non-ferrous metals and certain steel products, said a senior official on March 6.

Finance Minister Xie Xuren told a press conference during the ongoing session of the 11th National People's Congress (NPC) that the move is expected to help enterprises sell their products thus promote domestic demand.

The measure is among the central government's efforts to increase the income of low-income communities. The government is also poised to increase subsidy to farmers.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more