China steps up stimulus spending at local level

Published July 27, 2012 5:02am ET



SHANGHAI (AP) — China is stepping up stimulus spending at the local level seeking to counter its economic slowdown, with one inland city announcing plans for a whopping $130 billion in investment projects.

In announcing earlier this week plans for dozens of projects, officials in the central Chinese city of Changsha said increased investment was the “inevitable choice” to counter sluggish growth.

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