Daily Archives: May 3, 2009

Time To Invest In China? — CityWire UK

Additional Fiscal Stimuli Pave The Way To Recovery

Massive stimulus spending on industry and infrastructure projects are expected to transform the Chinese economy in coming years

Massive stimulus spending on industry and infrastructure projects are expected to transform the Chinese economy in coming years

CityWire reports today on China’s decision to allocate an initial four trillion RMB (£1.3 trillion) to spend on infrastructure products and consumer spending initiatives in coming years, looking to jumpstart its economy, which has lagged somewhat in recent months due to reduced demand for its exports in North America, Japan, and Europe. The author suggests that it is a good time to invest in several industries, as the potential for massive growth in certain sectors should pay off as these investments mature and China makes more progress in its transition from a state-dominated and export-led developing nation to a more consumer-led economy.

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