Incentives will lift country's economy

WASHINGTON: China's 4-trillion-yuan ($585 billion) stimulus package will help lift its economy in the wake of the global financial crisis, a senior World Bank official said on Wednesday, ahead of the opening session of the National People's Congress.

"I am confident that the Chinese government's stimulus package will lift its economy out of the crisis," said Justin Lin, the chief economist of the World Bank

China is in a much better situation than other countries, said Lin, who is also the senior vice-president at Johns Hopkins School of Advanced International Studies.