Wen: 8% GDP growth goal achievable

By Xin Zhiming (chinadaily.com.cn)
Updated: 2009-03-13 11:51

Premier Wen Jiabao said today that it is possible to achieve the country's 8 percent GDP growth goal for this year thanks to its vast domestic market, especially the rural market, great consumption potentials and ample labor.

He said China's banking sector has remained sound, which provides strong back-up for stable economic growth.

China's new yuan lending was 470 billion yuan in last November before it increased to 770 billion yuan in December. It soared to a record 1.62 trillion yuan in January. In February, it was 1.07 trillion yuan.