David Purdy sends this, from Bloomberg: "China Stimulus Plan Will Boost Stocks Sentiment." Bloomberg reports:
The stimulus package, of which 100 billion yuan is earmarked for this quarter, will be spent on low-rent housing, roads, railways and airports and infrastructure in rural areas. The funds, equivalent to almost a fifth of China's gross domestic product last year, will be used by the end of 2010, the Beijing-based State Council said yesterday on its web site.
And Ray Tucker sends a vintage Business Week article about reshaping the world financial system from 1998.
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