China plans to spend $21 billion on its west – David Lague

From International Herald Tribune:

China plans to spend a further $21 billion on major industrial, transport and social projects to accelerate growth in its less developed western region, state media reported Monday.

China’s top economic planning agency, the National Development and Reform Commission, had earmarked funds to undertake 12 top-priority projects, including investments in transport, mining, industry and health, according to reports carried by the official Xinhua press agency.

Much of this spending would be directed to poor rural areas in western China, where the government already devoted almost $125 billion on 70 major infrastructure projects in the five years to 2005, according to the commission.[Full Text]

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