China to spend $2.93b on rural water conservancy projects

China will spend 20 billion yuan (about $2.9 billion) on rural water conservation projects as one of the steps it is taking to stimulate domestic demand.

• Job seekers lower expectations as downturn hits
• Stimulus unlikely to impact iron ore talks
• China lifts tax rebates to boost export
• Expert: slowdown will continue to hit fiscal revenue
• Foreign banks eye nation's growing wealth
• New medical reform plan likely to be issued this year