BEIJING, Feb. 3 (Xinhua) -- China's central government has launched a new stimulus plan totaling 130 billion yuan (19 billion U.S. dollars) to boost its economy, an official of the National Development and Reform Commission (NDRC) said on Tuesday.

The fund is the second batch of investment from the central budget following a 100 billion yuan allocated in the fourth quarter of 2008. Both were included in the country's 4 trillion yuan economic stimulus package announced in November.

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Posted by boyang at February 3, 2009 2:51 AM