2012-08-08

So much for the stealth stimulus

A flurry of big government projects announced in the past two months racked up an impressive ¥4 trillion in value, but hardly any of the plans are coming to fruition.

Changsha is the best example: the city announced an ambitious ¥800 billion investment plan, but at the end of June, the city had only spent ¥5.6 billion, and that amount was less than one-third of the plan for this year. (长沙8000亿投资计划:上半年重大项目仅完成56亿元)

内地部分省市投资超速惹学者质疑

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