Thursday, November 27, 2008

Economic planner unveils stimulus breakdown

Minister of National Development and Reform Commission Zhang Ping has made public the breakdown of China's four-trillion-yuan stimulus plan, which will cover livelihood improvements, R&D, environmental protection and other sectors.
280 billion yuan for housing projects

370 billion yuan to improve people's lives and infrastructure in rural areas

180 billion yuan to build highways, railroads, and the power grid

40 billion yuan for medical care and education

350 billion yuan for ecological and environmental projects

160 billion yuan to fund R&D and innovation projects

1 trillion yuan for places worst hit by the earthquakes

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