nytimes.com - 11/9/2008
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China announced plans to spend billions on a wide array of infrastructure and social welfare projects in a bold move aimed at bolstering its economy. >
latimes.com - 11/3/2008
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latimes.com —
And just like that, China's biggest textile dye
operation -- with four factories, a campus the size
of 31 football fields, 4,000 workers and debts of at least $200 million -- was history. "We're pretty much dead now," said Mao Youming, one of 300 ...
(more)
Some owners deserting factories in China - Los Angeles Times
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Stimulating
Matthew Yglesias —
Giant infrastructure/stimulus package unveiled by the government of China.
It’s worth noting that ability to do this is one of the things that responsible budgeting gets you. During boom times, China amassed budget surpluses and built up reserves. Now, during a downturn, they’re able to respond with a huge spending initiative at a time when (a) such spending is needed to keep the economy going, and (b) the downturn makes it cheaper than it would otherwise be to complete such projects.
Unfortunately, in the United States the rules governing state and ...
And the new FDR is...President Hu Jintao of China
Corrente —
Why do the Chinese get a New Deal, while we just get a Raw Deal?
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