China’s Provinces Race to Secure a Share of $28.2 Billion National Investment Fund

00:00

00:00/00:00

Listen to this article 1x

Sichuan, Jiangxi, and Jiangsu provinces hold meetings to discuss strategies to capitalize the national support fund.

Local governments across China responded swiftly to news of the advance release of a 100-billion-yuan ($14.1 billion) central budget investment plan and another 100-billion-yuan strategic construction project list for 2025.

Sichuan, Jiangxi, and Jiangsu provinces were among the first to act following the announcement from the National Development and Reform Commission (NDRC), holding meetings to discuss strategies for securing these funds.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

China announced a 100-billion-yuan central budget investment plan and a similar-sized strategic construction project list for 2025, prompting swift local government responses.
Provinces like Sichuan, Jiangxi, and Jiangsu quickly strategized to secure funding, with meetings to assess project preparation and development strategies.
NDRC's Zheng Shanjie outlined focus areas including macroeconomic adjustments and market stabilization, aiming for significant progress in projects by year's end.

AI generated, for reference only