A Snapshot of Local Stimuli Announced Since July

Thirteen provincial and city governments have announced fiscal stimulus and investment plans involving a combined ¥10 trillion since July. The creditability of the plans is being questioned as the central government's ¥4 trillion package introduced in late 2008 has already heavily indebted many local governments. Below is a look at the latest ambitious plans.

Government / Announcement Date / Amount / Timeframe / Areas

Guangdong province, August 20: ¥1 trillion / five years / marine economy
Guangdong province, July 16: ¥235.3 billion / unknown / transport
Guangdong province, July 2: unknown / unknown / chemical and steel industries
Tianjin municipality, August 21: ¥1.5 trillion / four years / petrochemical and clean energy industries
Shanxi province, August 20: ¥2 trillion / unknown / agriculture and manufacturing
Chongqing municipality, August 20: ¥1.5 trillion / five years / manufacturing
Fujian province, August 17: ¥1.4 trillion / five years / technological upgrade
Hubei province, August 15: ¥313.1 billion / unknown / transport
Heilongjiang province, August 14: unknown / unknown / improve productivity; make financing easier; cut corporate taxes
Changchun city, August 14: ¥2 billion / 2012 / macro economy
Guangzhou city, August 7: ¥200 billion / 2H 2012 / subway, airport
Changsha city, July 25: ¥829.2 billion / 2012 / infrastructure, manufacturing, public service
Guizhou province, July 23: ¥3 trillion / 10 years / tourism, infrastructure, healthcare
Nanjing city, July 23: unknown / unknown / real estate and automobile industries
Ningbo city, July 16: unknown / unknown / cut corporate taxes, manufacturing

$1 = ¥6.36