Economy gets $586b investment package
Presided by Premier Wen Jiabao, a State Council meeting has resolved that it is necessary to adopt “proactive” fiscal and “moderately loose” monetary policies now. The government has cleared a 4 trillion-yuan ($586 billion) investment package to stimulate domestic demand and boost the slowing economy till 2010.
The Nov 5 statement marked an end to the previous prudent policy because of the increasing risk of slowing down further. According to Zhang Read more…
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