According to Mr Zhang Shaochun vice finance minister, Chinese government will deliver on its commitment to spend CNY 1.18 trillion (USD 173 billion) before the end of 2010, the core of the country's stimulus package.

Mr 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 CNY 950 billion or roughly 3% of GDP.

Mr Mu Hong deputy director general of the National Development and Reform Commission told reporters at the same news conference that the government will 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.

(Sourced from Reuters)