Economic topics of NPC focus on global economic downturn and creating jobs

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Source: CCTV.com | 03-04-2009 19:55

The annual session of the National People's Congress is set to begin on Thursday. According the spokesman for the session, Li Zhaoxing, dealing with the global economic downturn and creating jobs will be high on the agenda. He also says measures will be enacted to prevent inefficient investment of the stimulus funds.

The annual session of the National People's Congress  is set to begin on Thursday.

Li Zhaoxing said at Wednesday press conference that the discussions at the annual session will focus on a stimulus package of 4 trillion yuan. This money will be used to boost the economy in the following two years. He says the state has measures in place to prevent duplicate construction and inefficient investment from the funds.

Li Zhaoxing said, "First, we will focus on the high priority projects and determine the destination of investment on a scientific basis; Second, we will tighten scrutiny and select the best projects according to a dual procedure. Third, we will strengthen inspection and supervision. This will ensure effective and proper use of the investment and avoid duplicate construction and inefficient use of funds."

Li Zhaoxing said deputies will also discuss job creation and training programs. Also on the agenda will be favorable policies to encourage migrant workers and new college graduates to start their own businesses.