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Chinese Finance Minister Xie Xuren speaks at a press conference of the Fourth Session of the 11th National People's Congress (NPC) on fiscal policy and related issues in Beijing, capital of China, March 7, 2011. (Xinhua/Xing Guangli) |
China will spend two thirds of central budget on improving the people's livelihood in 2011, Finance Minister Xie Xuren said Monday.
The funds will be used to boost education, health care, social security and job creation, Xie told a press conference.
The government will also use the money to improve agriculture, water conservation, transport and environmental protection, he said.
China's central budget hit 5.436 trillion yuan (827.6 billion U.S. dollars) this year, a rise of 12.5 percent over that of last year, according to the 2011 budget draft submitted to the on-going session of the National People's Congress.