Friday, November 28, 2008

Yuan Watch : China needs more meatballs

China Daily
Updated: 2008-11-27 11:21

China's total social investment is predicted to reach 18 trillion yuan ($2.64 trillion) in 2009, National Development and Reform Committee (NDRC), the country's top economic planner, announced in Beijing on Thursday.

"The 4 trillion ($586 billion) stimulus package is only part of the whole picture. China's total social investment exceeded 13 trillion yuan in 2007 and is expected to top 16 trillion yuan this year," said NDRC head Zhang Ping.

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