Fri, Aug 1, 2014, 1:10 AM EDT - U.S. Markets open in 8 hrs 20 mins

Recent

% | $
Click the to save as a favorite.

EXCEL MARITIME CARR Message Board

  • ogeneration ogeneration Nov 24, 2008 7:53 AM Flag

    More details out on China's stimulus

    AP
    China addresses stimulus doubts with proposal list
    Monday November 24, 7:08 am ET
    By Joe Mcdonald, AP Business Writer
    China addresses stimulus doubts with $1.4 trillion list of possible investment projects

    BEIJING (AP) -- Trying to dispel doubts about the true size and effectiveness of a giant economic stimulus package, Beijing rolled out an eye-popping figure to show its determination to spend its way out of trouble: a $1.4 trillion shopping list of possible investments.

    The figure, reported by state television Sunday, represents an avalanche of proposals by local leaders for new roads, airports, railways and other facilities. There was no word on how many might go ahead. But the announcement reflected the government's focus on assuring companies and consumers about the scale of its response as it tries to shield China from a global slowdown by revving up domestic spending.

    "People worry about China's ability to support growth. By showing this number, the government certainly has demonstrated its ability to put together investment projects to hold up growth," said Citigroup economist Yiping Huang.

 
EXMCQ
0.0730.000(0.00%)Jan 27 3:58 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.