Shanxi t stainless steel tube supplier o invest RMB 650 bln in key sectors for 2009-2010
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Shanxi to invest RMB 650 bln in key sectors for 2009-2010Published: 13 Jan 2009 00:00:00 PST<p class="authorInfor"]</p]<!--begin CK content--]<P]Jan. 13, 2009 (China Knowledge) - Shanxi province, a coal rich province in West China, plans to invest a total of RMB 650 billion in the key sectors promoted by the central government in 2009 and 2010, the Shanghai Securities News reported, citing Wang Jun, governor of the province, as saying.</P]<P]It is estimated that the combined fixed asset investment brought by the government spending will be RMB 1 trillion. </P]<P]The government plans to spend RMB 405 billion in transportation infrastructure construction and upgrade, of which RMB 200 billion will be used for railways, RMB 250 billion for expressways and RMB 5 billion for the airport construction.</P]<P]The total installed capacity in the province is expected to be expanded to 20 million kilowatt, with 9,000 kilometers of power grid, which involves a total investment of RMB 100 billion.</P]<P]The remaining will be invested in the rural sector, technological innovation of industrial enterprises, affordable housing and mining industry, etc.<BR]</P]
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