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.

categories: Understanding The Crisis

10:42 - November 10, 2008

What is this?

Share