China Puts Railways At Heart Of Stimulus Plan

From Reuters:

China is preparing steps to boost domestic demand, including more spending on railways, to help cushion the impact of the global credit crisis, a senior official said on Saturday.

The package of measures will be finalised at next month’s Central Economic Work Conference, at which top policy makers will chart policy for 2009, Zheng Xinli, vice-head of the ruling Communist Party’s Policy Research Office, said.

“China will roll out some very important measures to boost domestic demand next year,” Zheng told reporters on the sidelines of an economic forum.

He said China still had potential to increase consumption further, but rapid growth in household spending in recent years meant the scope was limited.

Policy makers were concentrating instead on stepping up investment in industrial projects and infrastructure, particularly railways, and at relaxing curbs on the property sector.


Subscribe to CDT


Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.