The Chinese government will deliver on its commitment to spend 1.18 trillion yuan ($173 billion) before the end of 2010, the core of the country's stimulus package, vice finance minister Zhang Shaochun said on Thursday.
Zhang also said that China was on track to achieve its budget targets this year. The central government has been aiming for a fiscal deficit of 950 billion yuan, or roughly 3% of GDP.
Mu Hong, deputy director general of the National Development and Reform Commission, told reporters at the same news conference that the government would aim to keep investment running at a pace similar to this year in 2010.
Urban investment was up 32.1% in the first 11 months compared with a year earlier.
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