(CNN) -- Chinese Premier Wen Jiabao says his country's huge stimulus plan will continue to create economic growth, as long as inflation expectations are well-managed.
"The implementation of the stimulus package has ensured the continuance of steady and relatively fast economic growth in China," Wen said in an interview aired Sunday on CNN's "Fareed Zakaria GPS".
The stimulus, which is 10 times larger as a percentage of GDP than the $800 billion stimulus approved in the United States, "has helped maintain the good momentum of China's economic development in the past 30 years and it has helped us avoid major fluctuations in the process of China's modernization because of a severe external shock".
China reported that last year it recorded an 8.7 percent GDP growth, defying global economic trends. That was largely achieved using a 4 trillion yuan ($586 billion) stimulus plan that was allocated to boost government spending, create jobs and boost domestic demand.
CNN
