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First batch of gov't funding signed for power grids
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Four billion yuan of additional central investment has gone into contracts for the construction and upgrading of national power grids.

Four billion yuan of additional central investment has gone into contracts for the construction and upgrading of national power grids.  



Local governments are joining the central government's strategy to boost the domestic economy.

Liaoning Province says it plans to spend more on industrial fixed assets, as industry is the leader of its economic development.

Liu Huanxin, Deputy Chief of Liaoning Dev't & Reform Commission said "The provincial investment of next year will increase 30 percent. We will launch a group of new manufacturing projects as soon as possible."

Another northeastern province, Jilin, will invest in affordable housing for low-income families.

As a major agricultural province, Heilongjiang is investing more than 17 billion yuan to enhance agricultural mechanization. This is to increase grain production and farmers' disposable income.

And in southern provinces, more government money is going to housing, rural development, railways, public health and environmental protection.

Experts have expressed confidence the stimulus plans will help the country weather the global downturn.

(CCTV November 17, 2008)

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