China announces a huge government spending package:
China's official Xinhua news agency said the world's fourth-largest economy approved a 4 trillion yuan ($586 billion) government spending package between now and 2010, focused largely on infrastructure projects.
It's not nearly enough if they're looking for any real effect, which I assume they are. The cities are terrible, infrastructure and transportation is falling apart, it's a mess. They need a lot more than $586 billion.
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