BEIJING, June 18 (Xinhua) -- China on Thursday rejected accusations that it practicing protectionism in its 4-trillion-yuan ($585 billion) stimulus package. Foreign Ministry spokesman Qin Gang, at a regular press conference, denied accusations that an official document ordered government bodies to ...
CHINA STIMULUS PACKAGE By Geoff Revelle and Jerry Chiang Stoel Rives LLP June 17, 2009 I. INTRODUCTION After enjoying five years of annual GDP growth in excess of 10 percent, China’s economy began to weaken last year. In response to its weakening economy, China announced a $4 trillion RMB...
The current stimulus package has drawn attention both domestically and internationally. Some have compared it to China's 4-trillion-yuan ($586-billion) plan introduced during the 2008 global financial crisis, with speculation that this package could also reach several trillion yuan. What is your ta...
Slowing EconomyEconomic GrowthSocial WelfareRural ResidentsChina1. Four-trillion-yuan Stimulus Package Created China put in place a massive fiscal stimulus plan in 2008 worth approximately 4 trillion yuan ($586 billion) to boost domestic demand and spur the slowing economy.Beijing Review...
China planner offers detalls on RMB 4 trillion stimulus package
China has announced a 4 trillion-yuan ($585 billion) two-year economic stimulus package to boost growth and domestic demand, 1.18 trillion yuan of which will be funded by the central government. The stimulus package plan has four major components, including large-scale government spending, industr...
However, the current narrative of Chinese overcapacity sounds rather similar to that during the global financial crisis of 2008, as China’s 4 trillion yuan (US$580 billion) stimulus package led to expanded industrial input and concerns over Chinese exporting overcapacity. ...
In the context of the worsening world financial crisis, the Chinese government has recently introduced an economic stimulus package of about 4 trillion yuan to counter the adverse effects of the international economic environment. The international community has made positive comments on this. It believ...
China announces $1.4 trillion package over five years to address local governments’ ‘hidden’ debt 05:55 The idea of a big China stimulus coming proved to be completely wrong: China Beige Book COO 03:11 Policy isn’t everything, China’s economy is more im...
The new package is reminiscent of the 4-trillion-yuan (US$568 billion) stimulus China introduced in late 2008 to shield its economy from the 2008-2010 global financial crisis. That earlier package successfully made China one of the only major economies that did not suffer a severe recession, ...