According to a recent article posted on Yahoo! Finance:
BEIJING (AP) — China announced a $586 billion stimulus package Sunday in its biggest move to stop the global financial crisis from hitting the world’s fourth-largest economy.
IMO, this may play out to be a bad move on their part. Because about an hour later they may be in need of another stimulus plan.. or so I’ve heard. 
Comments 1
the main benefit i see is that it will bolster the GDP for a quarter or two – but i personally wouldnt jump back into china for at least 6 months.
Posted 10 Nov 2008 at 9:08 am ¶Post a Comment