fiscal budget

China Registers Deficit After Burst of Spending

From The Wall Street Journal: China recorded a fiscal deficit of 111.01 billion yuan ($16.23 billion) for 2008, as government spending surged in the final month of last year when Beijing ramped up its stimulus measures to boost...

China May Spend 500 Bln Yuan on Urban Transit From 2010-2015 – Bloomberg

From Bloomberg: China plans to spend more than 500 billion yuan ($63 billion) on subways and light railway networks between 2010 and 2015 to ease pollution and traffic jams in its major cities. The government wants to build 1,321 kilometers of rail lines during the period in 15 cities, Li Fengjun, deputy head of the […]

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