Chongqing municipality plans to spend US$147 billion on infrastructure and property projects to boost its economy, with one-fifth to be spent this year, Reuters reported. The money will be spent on 323 projects including the world’s tallest twin towers, railways, power generation and low-cost housing; two-thirds of spending will come from the government. Fixed-asset investment in Chongqing grew 31.5% last year, fueled by government stimulus spending focused on developing China’s inland economy. Officials in Beijing, including People’s Bank of China Governor Zhou Xiaochuan, have said China will maintain stimulus spending and a loose monetary policy until Beijing is certain of a recovery.