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China to announce new investment
Published on: 2009-01-13
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China will accelerate investments on key technology projects and introduce more measures to help the economy, The Wall Street Journal reported. The remarks are likely intended to bolster consumer and business confidence, which have fallen in recent months, by saying more help is on the way soon. The comments show the government isn't just supporting short-term growth, but also moving the economy up the technology ladder in line with Beijing's long-term goals of restructuring the economy. The government will also accelerate and bring forward the parts of the 600 billion CNY (88 billion USD) of planned investments on 16 major projects, under mid & long-term development plan for science and technology, official said.
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