Officer Says China to Continue Stimulus Policy

Chinese government is not ready to exit from its proactive fiscal policy, which spared the country from the worst of the global economic slump, Wednesday's China Daily quoted a senior official as saying.

It is too early for the government to withdraw its economic stimulus policy, said Zhu Guangyao, assistant minister of finance, while calling on other countries to coordinate their exit strategy to strengthen the fledgling recovery.

The global economic situation is too unpredictable at present to make such a move, Zhu said, echoing Premier Wen Jiabao's remarks at the opening session of the National People's Congress on Friday.

The government announced a 586-billion U.S. dollars stimulus package in late 2008, which was designed to roll out in 2009 and this year.

"The central government has taken into consideration the effect of the global financial crisis that will continue to be felt this year," Zhu was quoted as saying.

Zhu said the stimulus policy will continue, and China will stick to a proactive fiscal policy and moderately easy monetary stance, according to the newspaper.