Beijing, March 9 (Xinhua) China is likely to spend more than 3 percent of its gross domestic product (GDP) to promote education in 2007, Finance Minister Jin Renqing said Friday.
"China's financial expenditure on education is likely to exceed 3 percent of GDP, and the finance ministry will work to hit this target along with the growth of the country's financial strength," Jin told a press conference here.
Last year, China spent 475,27 billion yuan on education.
China's GDP last year jumped 10.7 percent to 20.94 trillion yuan, and the growth rate is projected to be about 8 percent this year, Premier Wen Jiabao said in a work report at the opening of the session of parliament this week.