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4 Feb 2015
Chinese provinces plan $2.4 trillion in investment
FXStreet (Bali) - Chinese provinces are planning over $2.4 trillion in infrastructure investment to stimulate the economy, starting in 2015, according to Shnaghai Securities news agency.
Reuters notes: "Fourteen Chinese provinces plan to invest a combined 15 trillion yuan ($2.4 trillion) in infrastructure and other projects starting this year as part of their effort to help set a bottom on a slowdown in the economy, an official newspaper said on Wednesday."
Reuters adds: "The southwestern province of Sichuan, the most populous of the 14, was the latest when it announced its investment plan on Monday, aiming to spend 2.99 trillion yuan to boost industrial and other expansion, the Shanghai Securities News said. The southern province of Fujian would invest 3 trillion yuan on infrastructure projects, including environmental protection, making it the biggest spender among the 14, the newspaper said. Others major spenders included the provinces of Hubei, which plans to invest 2.9 trillion yuan, Henan 1.5 trillion yuan and Hunan 1 trillion yuan."
Reuters notes: "Fourteen Chinese provinces plan to invest a combined 15 trillion yuan ($2.4 trillion) in infrastructure and other projects starting this year as part of their effort to help set a bottom on a slowdown in the economy, an official newspaper said on Wednesday."
Reuters adds: "The southwestern province of Sichuan, the most populous of the 14, was the latest when it announced its investment plan on Monday, aiming to spend 2.99 trillion yuan to boost industrial and other expansion, the Shanghai Securities News said. The southern province of Fujian would invest 3 trillion yuan on infrastructure projects, including environmental protection, making it the biggest spender among the 14, the newspaper said. Others major spenders included the provinces of Hubei, which plans to invest 2.9 trillion yuan, Henan 1.5 trillion yuan and Hunan 1 trillion yuan."