Tech & Biz

Chinese economic stimulus bigger than US bank bailout

by arabianmoney | November 11, 2008 at 02:34 am

253 views | 15 Recommendations | 4 comments

Videos

2007 Inflation USA Debt and GDP fiscal path domestic produc

see larger video

uploaded by Edmund Jenks

2007 Inflation USA Debt and GDP fiscal path domestic produc

The $586 billion stimulus package announced by the Chinese government is mainly destined for infrastructure and real estate spending, and represents a huge nine per cent of GDP. By contrast the $700 billion US bank bailout is less than two per cent of GDP for the world’s biggest economy.

17 See all footage | View Slideshow

Share: email story | add to any | Digg | facebook | stumbleupon

recommend Add a comment

SOLARLIFE

at 11:20 on November 11th, 2008

Well as I predicted, the chinese did not give their $ trillion reserve to G. Brown for the IMF. They spend it for themselves. In reality the buying power of the $586 bn, is in China worth round about "$ 5 trillion". Well thats comunism today, have a look to it Mr. bush from your economy wheelchair.

diggstr2

at 12:10 on November 11th, 2008

....the only thing wrong with this picture is it should be in the form of a hand holding American debentures . After all, that's what the Chinese will be pawning off to upgrade their infrastructure with. Thus weakening the American "Saw-dust-back". A true statement of Dr. Bu$h's legacy. Sorry George, but someone has to shoulder the burden, less we forget Cheyney.