Monday, November 10, 2008

China's own Stimulus Package

With many of the top economies around the world struggling to get out of the current economic crisis, they have had to relied on the governments support to bail them out of this fiscal mess. China has had to do the same. Like the United States, China has implemented a four trillion yuan or $586 billion stimulus package to jump start the Chinese economy. Chinese stocks have lost about two-thirds of their value since reaching highs in October, 2007, and have been among the worst performers in the world this year. The Main concern that China has is that they fear a slow down in the demand for their exports. China like many economies around the world are facing this economic crisis together, and it proves the point that we are now in an interconnected age where our spheres of influence not own extend to our own borders, but all nations around the world.

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