China's top planning agency vows quality work in new investments
24/11/2008 17:17
China's top economic planning agency said today it will ensure the quality
of work and investment in 100 billion yuan (US$14.7 billion) worth of spending
on public facilities, transportation and rural construction.
"In deciding the
designated areas of investment and choosing specific projects, we followed the
requirements set out in the eleventh five-year plan. That way, we can avoid
overlapping projects or unwise investment," said an official from the National
Development and Reform Commission.
"In a sense, we are making an early
investment into some of the parts of the national development plan," said the
official.
The central government has set up 24 supervision teams, which will
be dispatched to local areas to ensure that projects with central investment are
carried out immediately and properly.
The 100 billion yuan will be used in a
range of areas including rural infrastructure, housing, transportation, social
services such as psychological care and education, energy conservation and
technical innovation.
Xinhua
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