Source: CCTV.com

02-20-2009 09:15

Special Report:   Global Financial Crisis

For more on this, we are joined on the line by Professor Liu Baocheng, of Beijing's School of International Business Management at the University of International Business and Economics.

Liu Baocheng, Professor of Beijing's School of International Business Management at the University of International  Business and Economics

Questions:

1. We know that the newly approved plans involve light industry as well as the petrochemical industry. Light industry is closely related to people's daily life and could create many jobs. So to what extent do you think the plan will boost domestic consumption and employment?

2.Another highlight of the light industry stimulus plan is to remove limits on manufacturing and trading of some labor-intensive and high-tech products and raise export tax rebate for some products. We know that China's exports have been dampened by the global financial crisis. And as a traditional major sector of China's exports, light industry has been greatly impacted. Will these measures be enough to alleviate the situation?

3.The petrochemical stimulus plan centers on the restructuring of the whole industry. As a key sector to drive the economy, how do you think the petrochemical industry should be improved or upgraded?

4.China has already issued several stimulus plans for major industries. Which industry do you think will be the next?

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Editor:Xiong Qu