Package 'to ensure at least 9% economic growth'

China's stimulus plans are aimed to guarantee at least 9 percent economic growth over the next two years, according to a senior State Council researcher.

"The huge new spending initiative can help achieve that," said Li Jianwei, an economist with the State Council's Development Research Center, a think-tank under the nation's Cabinet.

Li said this target could be achieved if the central government's new spending tops 300 billion yuan next year.