Details of the sources and spending of China’s 4 trillion yuan ($586 billion) stimulus package announced a week ago are starting to dribble out.
Central government will be financing at least a third of it directly. The rest will come from provincial and local administrations, and from state-owned banks and companies. As we noted before, about [...]
Posts Tagged as ‘Stimulus Package’
November 15, 2008
Details Of China’s Stimulus Package Only Dribble Out
November 9, 2008
China Unveils 4 Trillion Yuan Stimulus Package
The leadership has been signaling for weeks that a massive stimulus package was coming and today Xinhua announced details of 4 trillion yuan of spending approved by the State Council on Wednesday.
A stimulus package estimated at 4 trillion yuan (about 570 billion U.S. dollars) will be spent over the next two years to finance programs [...]
