Curious about what the Chinese stimulus plan looks like? Caijing Magazine has put together an interesting pie chart based on the recent “rebalancing” by the National People’s Congress. Some of the biggest changes: a massive injection into sci-tech and social welfare, and surprisingly less towards rural civilian projects, considering how much publicity talks of “helping the rural areas” have been getting.
[National Development and Reform Commission Director Zhang Ping] said the changes to the original stimulus plan, which was announced by the State Council four months ago, includes slight adjustments to investment targets and a major reshaping of investment allocations. The changes were made based on varying opinions from the public, he said.
“The make-up of 4 trillion yuan is actually a process of give and take,” Zhang said. “Many projects, perhaps, will see changes in practice as situations are not unchanged.
While nobody (except the CCP, we guess) is sure how the extra billion here and there make a difference in their proposed categories, the pie chart is still a decent look at where the CCP’s 4 trillion yuan may end up.
Source: China Environmental Law