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| Title: |
China Announces a Massive US$586 Billion Stimulus Package |
| Author: |
China Tax, Infrastructure and Finance Practice Groups |
| Contact
Information: |
Banking & Finance: Brian Barron, Barry Cheng, Harvey Lau
Tax: Jon Eichelberger, Brendan T. Kelly, Michael Olesnicky
Infrastructure/Major Projects: David Smith |
| Publication
Date: |
November 2008
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| Publication
Type: |
Newsletter/Alert |
| Practice/Industry: |
Banking & Finance ; Bankruptcy/Financial Restructuring; Major Projects: Energy, Chemicals, Mining & Infrastructure; Tax |
| Region: |
Asia Pacific |
| Office: |
Beijing/China; Hong Kong/China; Shanghai/China |
| Description: |
Over the past three months, China has taken a series of steps to bolster its weakening economic growth. China has fought the effects of the global slowdown with interest rate cuts, lower bank reserve requirement ratios, higher credit quotas, injections of central government funds and increased focus on infrastructure construction. However, none of these steps have been on the scale of the steps taken by China over this past weekend. |
| Price and Currency: |
Complimentary |
| Publication/Link: |
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