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Thursday, 28 May 2009 |
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The 230 billion yuan investment, part of the 4 trillion yuan stimulus package announced by the central government last year, has already generated positive impact, according to the release by the Ministry of Supervision.
Wang Wei, deputy minister of Supervision, said that the first 100 billion yuan fund disbursed in Q4 2008 are basically invested, many of the invested projects are already under construction, and some are already completed. Most of the 130 billion yuan allocated in Q1 2009 are also in places, and some of the concerned projects are started. Many of the investment have already shown positive impacts to local economy.
No major issues were found regarding the allocation and investment of the funds.
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