Wednesday, November 12, 2008

Chinese Hard Landing

This explains China's massive stimulus package.

Sources: BBC, China Daily via Mish

1 comment:

  1. Since last year there were lots of small companies in the southeast of China was closed, which is really a shock to the local economy and hit the Chinese economy which rely more and more on exports. However, we are glad to see that the crisis didn’t do much harm on Chinese, because of the control in financial system and the quick reaction to the crisis. I believe this crisis may help China change the outgoing system and develop better. The world will be more and more interested in China and Chinese culture.