Source: CCTV.com

11-23-2008 14:15

The Chinese government has set up a special team to supervise the execution of the 4-trillion-yuan fiscal stimulus package. The first round of spending involves 100 billion yuan.

This will go largely on developing public welfare projects, key infrastructure, as well as boosting innovation and protecting the environment.

The central government has promised that the money will be used only where it is needed, stressing that it will punish any attempt to misuse money from the stimulus fund.

 

Editor:Yang Jie