27 February 2020

Sichuan unveils investment plan worth 4.26 trln yuan, paper says

The Sichuan provincial government has announced a large-scale investment plan spanning 2013 and 2014, covering areas such as infrastructure facilities, key industries, ecological construction and several other green projects totaling 4.26 trillion yuan (US$700 billion), the 21st Century Business Herald reported Wednesday. The new investment plan has exceeded the 4 trillion yuan economic stimulus package launched in China in 2008 and becomes the biggest of its kind among local administrations, it said. The investment amount equals 1.79 times the gross domestic product of Sichuan in 2012, which was 2.38 trillion yuan, the report noted.

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