高盛-中国评论-20081110

China announced a stimulus package on November 9 which included 10-measures to
boost domestic demand growth (see Exhibit 1). The investment projects involved, to be
completed before the end of 2010, were estimated to cost a total of roughly Rmb4 trillion
(14% of our estimated GDP in 2008). In the near term, the central government would
increase its investment expenditure by Rmb100 billion in the rest of 2008, which is
estimated to lead to a total of investment of roughly Rmb400 billion (this is included in
the total amount of Rmb4 trillion) when combined with funding from local governments
and other unspecified non-government sources.