Economy

Markets

Industries

Insights

Reports

Events

Advisors call for reasonable use of stimulus fund

(Xinhua)
Updated: 2009-03-02 17:19

China's political advisors have shown great concern to the country's 4-trillion-yuan ($586 billion) stimulus package, saying efforts should be made to prevent "overlapping construction," according to a spokesman of the top advisory body's annual session.

Related readings:  China to publicize details of stimulus package expenditures  No protectionism in China's economic stimulus plans  Wen: We'll do whatever it takes to fight crisis  Details of stimulus plans to be released soon

"Political advisors believe the use of the 4 trillion yuan should be accurate and reasonable, and for the benefit and livelihood of the people," Zhao Qizheng, spokesman of the Second Session of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), told a press conference Monday.

Zhao said proposals put forward by CPPCC members covered wide-ranging topics this year when he responded to a Russian journalist's question about the focus of political advisors' proposals.

The advisors believed the fund would be injected in different stages, and benefits and effect would not be seen promptly rightly after the injection, according to Zhao.

Mu Hong, vice minister in charge of the National Development and Reform Commission, said on Sunday that the commission would release detailed expenditures of the package on its website (www.ndrc.gov.cn) and accept public enquiry.

How the huge amount of money would be spent has been under the spotlight for months since the stimulus package was announced.

The CPPCC National Committee is to start its annual session on Tuesday.