China’s Local Governments Pile On Stimulus

China’s regional governments are starting to pull out their own stimulus cards to shore up growth as central authorities limit aid for the economy.

Northern Hebei province, whose 4.2 percent first-quarter expansion pace was less than half that of a year earlier, will invest 1.2 trillion yuan ($193 billion) in areas including railways, energy and housing. Heilongjiang province in the northeast, with 2.9 percent growth that was China’s lowest in the first quarter, will spend more than 300 billion yuan over two years in areas including infrastructure and mining.