China plans to complete stimulus package spending in H2

Thursday, 02 September 2010 17:03:58 (GMT+2)

On September 1, China's National Development and Reform Commission (NDRC) said that China's investment plan of RMB 4 trillion ($588 million at current exchange rate) should be fully completed in the second half of this year.

Since the RMB 4 trillion economic stimulus plan introduced at the end of 2008, following the global financial crisis, the investment growth maintained at a high level. However, with the gradual withdrawal of investments made by the central government, the growth in China's fixed asset investments started to represent a falling trend.

According to the data released by the National Bureau of Statistics, China's urban fixed asset investments, in the January-July period of this year increased by 24.9 percent, as compared to the corresponding period of 2009.

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