China, India restart border trade
(China Daily)
Updated: 2006-07-10 14:05 Rural infrastructure
China will invest more than 50 billion yuan
(US$6.25 billion) this year in rural areas, with most of the money being spent
to boost production and build infrastructure such as roads, the government's top
planning body said.
More than 31 billion yuan (US$3.9 billion) will be
used to subsidize grain production, build gas and power facilities and roads,
and improve education and health services, the National Development and Reform
Commission said in a statement last week. It didn't say how the rest of the
money would be used.
China wants to increase spending in rural areas to
boost farmers' income as a means of increasing domestic consumption. The
government hopes to shift resources to the countryside, since two decades of
economic growth averaging more than 9 per cent a year has mostly
benefited urban areas.
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