25% Of Stimulus Package Goes To Sichuan

By Elaine Kurtenbach | May 22, 2009, Friday |

Print Edition

A quarter of China's 4 trillion yuan (US$586 billion) economic stimulus package is going to rebuilding from last year's devastating earthquake in Sichuan Province, the government said yesterday in an outline of how the program is being carried out.

The report by the National Development and Reform Commission, the top economic planning agency, was the first detailed outline of how China intends to spend the stimulus funds and what it has done so far.

Questions remain, however, over how much of the money is newly allocated and how much predates the package's launch in late November.

The report showed another 1.5 trillion yuan going to other construction of roads, railways, airports, irrigation and other basic infrastructure across the country.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

25% Of Stimulus Package Goes To Sichuan

Email this to your friend