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China's big cities are announcing large investment plans intended to boost slowing growth rates, but just how much of a lift they will give to the economy remains uncertain.

 

The city of Chongqing in China's southwest called for investment of 1.5 trillion yuan ($236.6 billion) in seven key industries over the next three years, the state-run Xinhua News Agency reported Monday. The investment goals include 300 billion yuan in the electronic communications sector, 200 billion yuan in the auto industry, 250 billion yuan in the manufacturing of advanced equipment and 150 billion yuan in the chemical industry, Xinhua said on Monday.