Kunming to Invest RMB135b to Pull Domestic Demand Next Year

Kunming Government will newly add fiscal capital of RMB35b based on the investment of fixed assets breaking through RMB100b to pull domestic demand and realize the goal of total investment of RMB135b.

<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> Kunming city commission and government recently promulgated Decision on Taking the Opportunity to Expand Investment, Pull Domestic Demand and Speed up Development, and issued 8 items of decisions on pulling domestic demand in 2009. In accordance with the Decision, as of 2010, investment in Kunming fixed assets will have average annual growth of more than 35% and accumulatively realize investment of RMB320b within two years.