Sunday, November 9, 2008
China Announces 4 Trillion Yuan Economic Stimulus
As the U.S. proposes stimulus measures that equal a measely 1-percent or less of GDP, China goes for the big numbers. Its 4 trillion yuan ($586 billion) fiscal package is 20 percent of the nation's GDP. That would be like the U.S. implementing a $3 trillion stimulus package!
Here's the full article.