Want to make some money? Get your ass to China!
(11-10) 13:43 PST BEIJING, China (AP) --China's $586 billion stimulus package is its "biggest contribution to the world," Premier Wen Jiabao said Monday, as hopes rose that heavy spending on construction and other projects would help support global growth by fueling demand for imported machinery and raw materials. The massive Chinese spending plan — the largest ever undertaken by the communist leadership — was motivated by growing alarm at an unexpectedly sharp downturn in the country's fast-growing economy that raised the threat of job losses and social unrest. Sunday's announcement staked out a bold position as President Hu Jintao prepares for next weekend's meeting in Washington of leaders of 20 major economies to discuss a response to the global financial crisis.
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