China identifies second set of projects in US$140 billion spending plan

China's top planning body said on Saturday (Dec 23) it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy. With the latest tranche, China has now earmarked more than 800 billion yuan of its 1 trillion yuan (US$140 billion) in additional government bond issuance in the fourth quarter, as it focuses on fiscal steps to shore up the flagging economy.The National Development and Reform Commission (NDRC) said in a statement on Saturday it had identified 9,600 projects with .

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