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Beijing presses start button on projects to stimulate growth

When the mayor of Zhanjiang walked out of China’s powerful economic planning ministry a few days ago, he was so elated with the $11bn steel mill approval in his hand that he kissed the piece of paper.

The smooch, which was captured by a local news crew and went viral online, highlighted the flurry of projects that have received approval from Beijing in the two weeks since Premier Wen Jiabao called for measures to boost growth.

While Beijing has stopped short of declaring an official “stimulus” as it did in 2008, a decisive shift of mood can be sensed in the Chinese capital.

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