Improving people's lives focus of govt plan

As the impact of the international financial tsunami spreads to the real economy in many countries, China's economic growth is also on a downward path, with the confidence of its enterprises and consumers hitting a new low.

To reverse the adverse trend, the top authorities have resolutely decided on a policy change. Instead of the prudent fiscal and tightening monetary policy previously followed, they have now adopted a proactive fiscal and a moderately loose monetary one.

The recent 4 trillion yuan ($586 billion) investment package by the State Council for the next two years will surely help curb the further sliding of the world's fourth largest economy and promote optimization of its economic growth structure.