MORE FISCAL INPUT
Said the first document of the year issued jointly by the Obama administration and Democrat Congress?
Well yes, and also by the State Council and the Central Committee of the Communist Party of China. Excerpts:
…more investment would come from fixed assets investment, treasury bond issues and revenue from higher land use taxes.
As of 2009, capital-stretched county governments in central and western areas would no longer provide counterpart funds for public utility construction bankrolled by central finance involving ecology, reservoir renovation, potable water supply and irrigation.
Government-sponsored investment corporations and industrial development funds for agriculture [and infracstructure] could be established…
…Purchases of energy-efficient machinery by farmers and stock-breeders would also be subsidized.
The government aims to roll out social security schemes…
More efforts would go to developing culture, education, health care, and other social welfare…
The government would raise teachers’ salaries, and subsidize rural schools and students from poor families…
Moreover, central and provincial governments would raise the stipend for rural households to meet the state-designated minimum subsistence standards….