BEIJING, Jan 2 (Reuters) - Chinese Premier Wen Jiabao again urged business managers, store owners and farmers to be confident in prospects for economic growth, state media reported on Friday.
China's growth has slowed sharply in recent months as the global financial crisis bites into the world's fourth-largest economy, with a 8 percent growth target set for 2009 compared with 9.0 percent in the third quarter and 10.1 percent in the second quarter of 2008.
In China's eastern province of Shandong, Wen visited ports, factories, stores and households saying China was determined to boost domestic spending to weather 'a harsh winter', state radio said.
Wen said China would devise more detailed programmes to boost domestic consumption and China would accelerate public spending in the research and development sector.
He said China would provide subsidies for home appliances in rural market for five years, which alone could boost rural household spending on televisions and mobile phones by 500 billion yuan ($73.3 billion).
We visited Gold King Group, the world's second-largest candle maker in terms of market share, saying the company had done a great job of maintaining stable business in a difficult environment.
'I hope the whole world can feel the warmth from Chinese candles,' Wen said.
(Reporting by Zhou Xin; Editing by Nick Macfie) ($1=6.822 Yuan) Keywords: CHINA ECONOMY/WEN . Keywords: CHINA ECONOMY/WEN (xin.zhou@reuters.com; +8610 6627 1220; Reuters Messaging: xin.zhou.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
China's growth has slowed sharply in recent months as the global financial crisis bites into the world's fourth-largest economy, with a 8 percent growth target set for 2009 compared with 9.0 percent in the third quarter and 10.1 percent in the second quarter of 2008.
In China's eastern province of Shandong, Wen visited ports, factories, stores and households saying China was determined to boost domestic spending to weather 'a harsh winter', state radio said.
Wen said China would devise more detailed programmes to boost domestic consumption and China would accelerate public spending in the research and development sector.
He said China would provide subsidies for home appliances in rural market for five years, which alone could boost rural household spending on televisions and mobile phones by 500 billion yuan ($73.3 billion).
We visited Gold King Group, the world's second-largest candle maker in terms of market share, saying the company had done a great job of maintaining stable business in a difficult environment.
'I hope the whole world can feel the warmth from Chinese candles,' Wen said.
(Reporting by Zhou Xin; Editing by Nick Macfie) ($1=6.822 Yuan) Keywords: CHINA ECONOMY/WEN . Keywords: CHINA ECONOMY/WEN (xin.zhou@reuters.com; +8610 6627 1220; Reuters Messaging: xin.zhou.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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