China Bailout

The country hopes to blunt the impact of global slowdown

Chinese authorities announced plans to spend $586 billion over the next two years in order to stimulate the economy. The fiscal stimulus plan, which represents about 15% of gross domestic product (GDP), includes spending on infrastructure, tax rebates for exporters, and increased aid for the rural economy. It is unclear, however, how much of this spending has already been included in the budget and how much is actually new.

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