Chinese bailout plans take effects

The Chinese government implemented bailout plans for 10 sectors at the beginning of the year. Many of the nation's industries then performed quite well in 2009.

The bailout eliminated 7.5 billion yuan in loan interest for equipment manufacturing industry, thus driving nearly 96 billion yuan in investment.

The sector's value-added growth rate was 3.8% in January. After the implementation of the bailout plan, the figure nearly doubled in April, and quadrupled in October.

2009 also witnessed rapid growth in textiles. Proportions of domestic sales increased three percentage points, making the industry less reliant on exports.

Sshi Dan, Assisrant to Director, Inst. of Industrial Economics, CASS, said, "The ten industries play a role of guidance and capital support, the development of these industries will decide the whole country's economic development."