A flurry of big government projects announced in the past two months racked up an impressive ¥4 trillion in value, but hardly any of the plans are coming to fruition.
Changsha is the best example: the city announced an ambitious ¥800 billion investment plan, but at the end of June, the city had only spent ¥5.6 billion, and that amount was less than one-third of the plan for this year. (长沙8000亿投资计划:上半年重大项目仅完成56亿元)
内地部分省市投资超速惹学者质疑
Planetree (0613): breach of Listing Rules: undisclosed loans to South Shore
(ex-0577) and Charles Chan Kwok Keung
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Mr Chan paid interest at 18% p.a. quarterly (19.25% APR) for the loans
totalling HK$26m granted to him in June 2021.
Source: Company announcement | Source d...
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