China has prepared another plan to stimulate the economy.

The Chinese government is considering a second account for a plan to stimulate the economy, reports Bloomberg referring to the former head of the National Bureau of Statistics Li Deshuya (Li Deshui). The announcement of the new program will be made by Prime Minister Wen Jiabao at a meeting of parliament - the National People's Congress - on Thursday, March 5. No further details of the ex-officer is not disclosed.
In February 2009 the Politburo of the CPC called for increased public investment in addition to the autumn of 2008 the plan to stimulate the economy the total amount of 4 trillion yuan (585 billion dollars). According to experts, this program is not enough to return the Chinese rapid economic growth.
In the fourth quarter of 2008, China's GDP growth was 6.8 percent, the lowest level over the past five years. For the entire year, GDP grew by 9 per cent, while in 2007 growth was a record 13 per cent. Analysts predict that in the first half of 2009, the pace of economic expansion may slow to 3-5 percent.
The index of industrial production in the country is in the negative zone for six consecutive months, although in comparison with the historical minimum, recorded in November, the rate of decline in industrial countries slowed down. However, rising unemployment poses a danger to social stability. Riots involving workers laid off from their production, occurred in several major cities in China.
Rumors about a new plan to stimulate growth led the world stock index. Chinese Shanghai Composite closed at the growth of 6,1 percent. U.S. stock exchanges indexes rose for the first hour of bidding at 1-1,5 percent. Oil futures rose on the world market at 4-5 per cent, and copper - more than 5 per cent.