Northern China's Shandong province plans to commit ¥1.13 trillion to nine industries this year, the provincial economic and trade commission has said. The steel, shipbuilding, petrochemicals, light industry, textile, nonferrous metals, machinery and electronics sector will be the recipients of the funds from the provincial government. The impetus has led to a good start over the past month when ¥197.1 billion in loans were extended, ¥83.8 billion more than in a year earlier, according to Guo Shuyu, director of the commission.

$1 = ¥6.8

Source: http://www.china-cbn.com/s/n/000002/20090220/000000107751.shtml