Govt steps on fiscal pump

Projects meantto raise living standards see rapid growth in expenditures

Policymakers in China stepped on the fiscal accelerator in May as they moved to stimulate the economy through more government spending.

According to data from the Ministry of Finance released on Wednesday, fiscal spending jumped 24.6 percent year-on-year in May to 1.3 trillion yuan ($208 billion). The surge in growth was in sharp contrast to the 9.6 percent rise in the first four months.