Fake news of 11 trillion yuan investment on infrastructure projects

"The data come from foreign media reporter estimate. In fact, the total investment can't statistics, it has essential difference with the 4 trillion before." January 8, the national development and reform commission held a press conference, deputy director of the division Luo Guosan said at the meeting.

The data Luo Guosan mentioned come from the foreign media report recently. On January 6, bloomberg citing anonymous sources at the end of 2014 of China's state council has approved a total investment of more than RMB 10 trillion of seven major types of infrastructure projects(including oil pipeline and gas pipeline, health and clean energy, transport and mining and so on), including investment more than 11 trillion yuan in 2015.

In response, the vice president of Chinese people's university economics college Liu yuanchun told the "daily economic news" reporter, China's current investment in infrastructure investment will not move investment for large places, and the investment is corresponding to the next growth point, pay attention to both short-term effects and long-term returns, have nothing to do with capacity expansion directly.

"Total investment is meaningless".

In 2013, the new expression "three periods stacking" gradually gets into the line of sight of the masses. The so-called three periods stacking, is the judgment for the economic situation of the new central collective in our country, namely "economic growth speed shifting stages, throes of structural adjustment and the stimulus digestion phase superposition of three periods".

GTXH resolution: 11 trillion infrastructure investment, which turned out to be a false information, all from a foreign media speculation, which is really speechless. Thought this 7 trillion could bring good luck at the beginning of the New Year for the market, but out of our expectation, at all boiling time for this, development and reform commission (NDRC) gave us a shot.

Actually, to be smart, we should be early smell the breath, facing the economical growth speed slowdown, prime minister li keqiang have long given the answer that we will not choose the massive investment stimulus economic, why it is heated discussed, it is because most of us don't want to face the cruel reality..."