Now that’s what I call fiscal policy

If Changsha gets its way, the 100 day battle will just be a start. The city made headlines late last month when it unveiled plans for Rmb829bn ($130bn) in spending on projects ranging from airport expansion to road building, waste treatment and sprucing up the city.

The investment target was jaw-dropping, nearly 150 per cent the size of the city’s GDP last year.

Here is more, Simon Rabinovitch in the FT, “Changsha plan at the heart of China stimulus.”  Obviously not all of China will see a comparably large program.


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