tag:blogger.com,1999:blog-91921071230884272.post-51278538647259877462008-11-09T19:42:00.000-08:002008-11-09T19:52:48.901-08:00<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_YqYaSbT8xWI/SRewA7fLIFI/AAAAAAAACFs/M6tpGbkMyzs/s1600-h/4092china.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 320px; height: 193px;" src="http://4.bp.blogspot.com/_YqYaSbT8xWI/SRewA7fLIFI/AAAAAAAACFs/M6tpGbkMyzs/s320/4092china.jpg" alt="" id="BLOGGER_PHOTO_ID_5266871819248017490" border="0" /></a><br /><a href="http://http//news.xinhuanet.com/english/2008-11/10/content_10334944.htm">China</a>, the world's fourth largest economy is making its biggest move to guard its economy against global financial crisis. It recently announced <a href="http://http//www.cnbc.com/id/27633475">$586 billion stimulus plan package</a> as part of its plan to backup its ailing economic status.<br /><br /><br /><p> China's statement said the Cabinet, at a meeting chaired by Premier Wen Jiabao, had "decided to adopt active fiscal policy and moderately easy monetary policies."</p><p> The statement said the spending would focus on 10 areas. They included picking up the pace of spending on low-cost housing -- an urgent need in many parts of the country -- as well as increased spending on rural infrastructure.</p><p><a href="http://%20china%27s%20statement%20said%20the%20cabinet,%20at%20a%20meeting%20chaired%20by%20premier%20wen%20jiabao,%20had%20%22decided%20to%20adopt%20active%20fiscal%20policy%20and%20moderately%20easy%20monetary%20policies.%22%20%20the%20statement%20said%20the%20spending%20would%20focus%20on%2010%20areas.%20they%20included%20picking%20up%20the%20pace%20of%20spending%20on%20low-cost%20housing%20--%20an%20urgent%20need%20in%20many%20parts%20of%20the%20country%20--%20as%20well%20as%20increased%20spending%20on%20rural%20infrastructure./">more...</a><br /></p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/91921071230884272-5127853864725987746?l=www.marketsnmoney.com' alt='' /></div>Traderhttp://www.blogger.com/profile/13309761269649139032noreply@blogger.com0