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The economic stimulus plan was seen as a success: While China's economic growth fell to almost 6% by the end of 2008, it had recovered to over 10% by in mid-2009. Critics of China's stimulus package have blamed it for causing a surge in Chinese debt since 2009, particularly among local governments and state-owned enterprises.
In China, the International Monetary Fund predicts GDP growth for 2008 will be 9.7% and drop to 8.5% in 2009. [1] A struggle was underway to see who would swallow the losses on US Agencies and Treasuries. [2] On November 9, 2008 China announced a package of capital spending plus income and consumption support measures. Four trillion yuan ($586 ...
January 25 – 2008 Chinese winter storms: China's worst snowstorm since 1954, delays traffic, and causes massive power outages in central and southern parts of the country. According to Chinese news agency Xinhua report, 133 killed by 2008 China blizzard with snowstorm during January and February. [1] 2008 Republic of China legislative election
Mainland China's benchmark CSI 300 index closed 4.5% higher on Friday, its best week since November 2008. Meanwhile, Hong Kong's Hang Seng Index closed 3.6% higher in its best performance since 2009.
Television series which originated in China and began in the year 2008. Shows that originated in other countries and only later aired in China should be removed from this category. 2003
China set a 2018 budget deficit target that's lower than last year's ratio even as it said "proactive" fiscal policy remains unchanged. The Ministry of Finance said on Monday that it is targeting ...
Considering the numbers on a quarterly basis, the CCC trend at China Digital TV looks OK. At 161.7 days, it is 16.9 days worse than the average of the past eight quarters.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.