China has a $586 billion stimulus plan and it appears to be working. New loans from Chinese banks increased by 21% in January and the money supply increased by 18%.
I am skeptical that the Chinese economy will get back to the boom-boom days right away, but it looks like the Chinese economy will continue to grow at a slower but healthy pace.
Related Posts
- China ready to increase stimulus spending (06/16/09)
- China unviels $862 billion stimulus package (11/10/08)
- Taiwan stimulus package (09/14/08)
- China’s cash chest grows to $2.1 TRILLION! (07/16/09)
- Chinese Real Estate Info jumps 20% on IPO (10/20/09)
