Zhejiang, Jiangsu and Shanghai in the Yangtze River Delta have launched RMB 1 trillion worth of investment plan after the Chinese government initiates the RMB 4 trillion plan, sources reported.

Last week, the Shanghai municipal government announced the RMB 500 billion worth of investment plan, while Jiangsu Province will invest RMB 300 billion and Zhejiang Province will spend RMB 310 billion in total in key projects construction.

Investment from these local governments will be mainly spent on infrastructure construction, real estate development as well as providing assistance to the small and medium-sized enterprises.

Earlier this month, the Chinese government announced the RMB 4 trillion worth of investment plan in a bid to boost the domestic demand against the U.S.-led global financial turmoil, sources reported.

(China Knowledge, Nov 18, 2008)