Source: CCTV.com

03-05-2009 09:15

Special Report:   2009 NPC & CPPCC Sessions

Every year boosting capital market development has been one of the focuses of the NPC and CPPCC sessions. Given today's (Wednesday's) surge of over six percent the issue is an even hotter topic. Liu Ying has talked to investors and delegates at the meeting to see their expectations and suggestions on this issue.

Stock markets are considered a barometer of the economy. China's stock market has sunk due to the global financial crisis. Investors are watching this year's NPC and CPPCC sessions closely with the expectation that the meetings will produce further stimulus policies to reinvigorate the economy and lift the lackluster capital market.

An Xueyou, one investor

An Xueyou says he hopes the government will adopt policies which can directly spur consumer consumption.

An Xueyou, one investor said "Currently many people are reluctant to spend. I think the government should use more money to subsidize ordinary households directly. This will encourage domestic consumption so that the excess inventory of many manufacturers can be absorbed. "

As investors have been hoping, many of the political advisors are submitting suggestions on revitalizing China's economy amid the global downturn. CPPCC members believe positive economic fundamentals are the basis for a strong stock market performance.

However, some members say the size of the current stimulus package are far from enough to bolster the economy.