Last Sunday, the State Council announced plans to boost the economy with a 4-trillion-yuan package. The plans call for higher spending on infrastructure and social programs to spur domestic demand. Contracts have just been signed for the first batch of government funding.
Four billion yuan of additional central investment has gone into contracts for the construction and upgrading of national power grids.
Shi Lishan, Renewal Energy Department of National Energy Admin. said "Those projects have been fully prepared and qualified for fast initiation. The upgrading of the power grids has an especially great stimulation effect in a long industrial chain."
