China Ponders 370 bln Yuan Stimulus Package – Peter A. Grant
Source: http://new.goldmau.com/article.php?id=596Posted on Tuesday, August 26th, 2008 | In Market Commentary
Contributed by: John Lee (http://goldmau.com) -
China is considering a 370 bln yuan ($54 bln) post-Olympic stimulus package to keep the economy rolling along. With much of the rest of the world slowing, China is seeking to offset any negative fallout with 220 bln yuan in government spending and 150 bln yuan in tax breaks.
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 About John Lee (http://goldmau.com)
Mr. Lee runs a successful resource focused hedge fund (limited partnership). He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. Mr. Lee has a keen interest in the history of money and economics, and he previously studied under Mr. James Turk, a renowned authority on the gold market. Since 2001, Mr. Lee has researched hundreds of mining companies and personally met with dozens of management teams. He is a sought-after speaker at all major resource conferences and publisher of articles at various online news websites such as Kitco.com. |
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