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I admit that I do not know enough about the Chinese stimulus package and the world recession to write a detailed article. Therefore I have decided to give you a roundup of articles I found that describe the impressive $586 billion dollar economic stimulus package unvailed by China that aims to solidify the countries economy through roads, railways, and infrastructure. China said it’s goal is to invest more than $500 billion on railways in the coming years, creating millions of jobs to help grow their economy.
This stimulus package is huge in comparison to the size of their economy, and is a much larger number in comparison than the current package that will be distributed by United States president elect Barack Obama and his newly forming group of advisors. Here are some articles about the Chinese stimulus package that should give you a better understanding of how this will effect the global economy:
- Chinese package a boon for rail projects
- Chinese stimulus plan fails to impress
- China Unveils $586 Billion Stimulus Package
- China aims to end pessimism with $586 billion economic stimulus package
- China’s Stimulus Plan Cheers Markets, But Doubts Remain
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Fri, Nov 14, 2008
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