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China Unveils Massive $586B Stimulus Bill

Beijing focuses on boosting infrastructure, social welfare

By the Associated Press

Posted Nov 9, 2008 10:56 AM CST

(AP) – China announced a $586 billion stimulus package today in its biggest move to stop the global financial crisis from hitting the world's fourth-largest economy. A statement on the government's website said China's Cabinet had approved a plan to invest the money in infrastructure and social... Read full story »

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China Unveils Massive $586B Stimulus Bill

Beijing focuses on boosting infrastructure, social welfare

China • government spending • Chinese economy • economic stimulus package • interest rate cut • financial crisis

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More Newser Stories

Bernanke: US Must Save More, Asia Spend More

Fed chief warns global imbalances could trigger new meltdown

Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

US Benefits From China Stimulus

Construction in China boosts US business, from steel to fried chicken

China's GDP Crawls, But Worst May Be Over

Growth sinks below 'danger line' but experts believe rebound is coming

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