Dithering local officials in China stall stimulus push
Some of them are keeping a low profile in order to avoid the spotlight of an anti-corruption campaign
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Hong Kong
LOCAL officials in China are dithering over project approvals and business deals, some to avoid the spotlight of an anti-corruption campaign, impeding Beijing's plans to use infrastructure spending to arrest slowing economic growth.
Though the National Development and Reform Commission (NDRC) approved 1.9 trillion yuan (S$424 billion) of investment projects in the first 10 months of 2015, the country's top auditor estimates US$45 billion of projects are behind schedule, including a railway line in Yunnan delayed five years by official sloth.
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