The piecemeal nature of the plans announced appeared to disappoint investors who were hoping for bolder moves, and Shanghai’s benchmark gave up a 10% initial gain as markets reopened after a weeklong holiday to trade just 3% higher.
The head of the National Development and Reform Commission said the government will frontload 100 billion yuan ($14.1 billion) in spending from the government’s budget for 2025 in addition to another 100 billion yuan for construction projects.
The scale of spending overall was well below the multi-trillion yuan levels that analysts said might be expected.
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EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS
The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.
NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS
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OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'
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ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY
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DRONES, PLANES OR UFOS? AMERICANS ABUZZ OVER MYSTERIOUS NEW JERSEY SIGHTINGS
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SCHOOLS ARE CUTTING BUS SERVICE FOR CHILDREN.PARENTS ARE TURNING TO RIDE-HAILING APPS
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SENATE REPORT ALLEGES AMAZON REJECTED WAREHOUSE SAFETY
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META SHAREHOLDERS SEEK SANCTIONS FOR SANDBERG, ZIENTS FOR DELETING CAMBRIDGE ANALYTICA EMAILS
2018 shareholder lawsuit that alleged Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data.
TIKTOK ASKS FEDERAL APPEALS COURT TO BAR ENFORCEMENT OF POTENTIAL BAN UNTIL SUPREME COURT REVIEW
TikTok asked a federal appeals court on Monday to bar the Biden administration from enforcing a law that could lead to a ban on the popular platform until the Supreme Court reviews its challenge to the statute.
BOEING LAYS OFF HUNDREDS IN WASHINGTON AND CALIFORNIA AS PART OF CUTS ANNOUNCED PREVIOUSLY
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