Caixin OnlineFinance & EconomicsTop Stories Finance For Stimulus Projects, a Capital Conundrum
10.08.2012 12:33

For Stimulus Projects, a Capital Conundrum

Local governments are enthusiastic about economy-boosting infrastructure projects floated in a financial haze
By staff reporters Wen Xiu, Zhang Yuzhe and Huo Kan
 
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(Beijing) – Happy days are here again by some accounts as local governments across China lay the groundwork for what could be a huge spending spree.

Municipal bond investors and trust managers are among those enthusiastic about plans for a government investment push which, although minor compared to the 4 trillion yuan stimulus package rolled out after the 2008 financial crisis, has been touted as rocket fuel for China's slowing economy.

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