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Consumer spending represents about 70 percent of the US gross national product. The stimulus package is intended to prevent a downward economic spiral where unemployment means less spending and that causes others to lose their jobs, creating further disruption as the cycle repeats.

Covering around 110,000 square meters, the project is expected to produce more than 250,000 tonnes of products every year.

Consumption tax on some items, such as luxury watches, jewelry and jade, will be transferred to local governments, while other qualified items will be considered later, the statement said.

Consumables includes a massive chunk of the retail market – everything from paper towels to produce – and could provide a massive opportunity for the company to expand the margins of its burgeoning grocery delivery business by launching Amazon-branded versions of popular products that people use on a regular basis.

Construction on the grand project of delivering water from the Yangtze basin started on the eastern and central routes in 2002. The first phase of the eastern route was completed in 2013, followed by the first phase of the central route in 2014.