China plans $871b economic stimulus

China plans $871b economic stimulus

There are 4 comments on the business.smh.com.au story from Nov 9, 2008, titled China plans $871b economic stimulus . In it, business.smh.com.au reports that:

China pledged a 4 trillion yuan stimulus plan to prop up growth in the fourth-largest economy as the world heads toward a recession

Watch Out If They Stop Buying Our Treasuries Now?

Join the discussion below, or Read more at business.smh.com.au.

“Who Is John Galt?”

Since: Dec 07

Pahrump, NV

#1 Nov 9, 2008
Now that their exports to us have slowed, they need to do something with their population. I'm hoping they don't decide to cut down or out of buying our Treasury Bonds! Second only to Japan, they are the biggest foreign buyers of them. If they put a halt to them, we are BROKE - END OF GAME!

We don't have the money to reimburse them without printing more up. Keep your fingers crossed.

Since: Mar 08

United States

#2 Nov 10, 2008
If China does not buy US bond, and US is resort to printing paper to pay off its debt, then the Chinese holding of 1.9 trillion will devalue to worthless paper. Its like the Trump scenario where the bank has lend too much money to him to have him fail and default on all the loans. So there are no choice but for the bank to rescue him.
Panda

Thousand Oaks, CA

#3 Nov 10, 2008
China was voted as the ugliest nation on earth by the world's community! amazing!
Andrez Lopez

United States

#4 Nov 10, 2008
Listen to what Fred Bersten said tonight on pbs.org about the Chinese Econonic Stimulus package - it is a very positive move on the part of the Chinese to help stabilize the world economy and ours in particular.

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