China unveiled a massive 4-trillion yuan stimulus program on November 10 to shore up the slowing economy. But questions ensued: where does the money come from? How to spend it? Will it lead to another round of overcapacity and waste? Over the next two years, Caijing's special report will monitor the expensive program with you.
Who pays?
The central government: 1.18 trillion yuan Local governments: unknown, but some ambitious plans emerged. Updated December 2008
Spend it
Spending will target 10 areas, according to a government statement, including construction of low-cost housing, rural infrastructure, transportation, health and education. These measures are expected to yield observable benefits for China's economy in 2009 and 2010.
Opinion
- A Remedy Better Than Painkillers
- High Time for Countering Export Inertia
- Economic Stimulus: Easier Said than Done
- Emphasis on Upstream Industry Supports Imbalances
- Conference: Scholars Urge Economic Stimulus Scrutiny
- Conference: No Shortage of Ideas for Shoring up Economy
- Analysis: Policy after the Central Economic Conference
- On Effective Stimulus
- Think Tank Forecasts 9 Percent Growth in 2009
- Stimulus Plan Not Good Enough
NEWS
- By staff reporter Huo Kan, Wang Changyong and Wang Jing 2009-03-06Boosting consumer spending is a key goal for policymakers as they flesh out China's 4 trillion yuan economic stimulus package.
- By staff reporters Han Wei and Liang Dongmei 2009-02-25The government wants to reduce the number of major domestic automakers to help the industry get through the economic slowdown.
- By staff reporter Chenzhong Xiaolu 2009-02-25The National Development and Reform Commission provided more details about how the 4 trillion yuan stimulus package will be spent. But lawyer Yan Yiming is disappointed.
- By staff reporters Wang Changyong and Zhang Huanyu 2008-12-24Local governments are supposed to help pay for a 4 trillion yuan economic stimulus package. Where will they get the money?
- By staff reporter Fang Huilei 2008-12-18Housing low-income families and keeping developers honest are goals of an initiative tied to China's economic stimulus plan.
- By staff reporters Li Qing, Wen Xiu and Zhang Yuzhe 2008-12-09A nine-measure package broadened the government's economic stimulus plan to embrace REITs, PEs and other vehicles.
- By staff reporter Fang Huilei 2008-12-04Regional bankers face conflicting signals from local governments and the central government's economic stimulus package.
- By staff reporter Zhang Hong 2008-12-01The director of the National Development and Reform Commission laid out an agenda for how the government will spend the new stimulus package.
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[ICP License: 090027] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号] 京公网安备110105005607号
Copyright by Caijing. All Rights Reserved