Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China's 4 trillion yuan investment structure reasonable
+ -
16:56, August 07, 2009

 Comment  Tell A Friend
 Print Format  Save Article
China prevents repetitive construction in 4 trillion yuan investment

Central investment totaling 380 billion yuan has been allocated to local level, as part of China's 4-trillion-yuan economic stimulus package in the first half of 2009. Not only has the allocated investment achieved some effect, but also its structure is reasonable, Luo Yunyi, director of the Institute of Investment under the National Development and Reform Commission (NDRC) said.

The real growth rate of China's fixed asset investment in the first half exceeded 35 percent, a relatively high level, Luo added.

According to NDRC statistics, of the planned central investment totaling 380 billion yuan which has been allocated in four batches, 37.5 billion yuan was allocated to welfare housing construction, 104.3 billion yuan to the rural residents' livelihood project and rural infrastructure construction, 87.1 billion yuan to major infrastructure construction including railways, highways, airports and water conservancy, 57.3 billion yuan to social welfare including medical and health care, education and culture, 39.6 billion yuan to energy saving, emission reduction and ecological environment construction and 54.2 billion yuan to independent innovation and industrial restructuring.

"All these efforts are very necessary," Luo said. He also disclosed that judging from the situation in the first half, investment injected into sectors which are demanding further development in the national economy, increased rapidly, with investment in agriculture, forestry, animal husbandry and fishing industries, the railway industry and the water conservancy industry up 69 percent, 126 percent and 65 percent year-on-year respectively.

In addition, investment in the private sector increased by 34.2 percent, indicating a sound investment trend.

By People's Daily Online

  Your Message:   Most Commented:
80 pct of netizens agree China should punish Facebook
LA police: Michael Jackson death may have been 'homicide'
Chinese netizens call for punishing Turkey
Al-Qaida threatens Chinese abroad
Public angered by Turkish PM's 'genocide' accusation

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved