Agoracom Blog

China Stimulus Package Is Equivalent To US Spending $2.6 Trillion

Posted by AGORACOM at 8:58 AM on Monday, November 10th, 2008

For those of you that took the weekend off (as I did), here is the reason you are seeing green across the world this morning.

I’m not beating anybody to the punch, so I won’t rehash the news.  However, I will say this is a pretty staggering amount relatively speaking.  Specifically, Paul Kedrosky stated the following:

Good to see the Chinese stepping into the mix with such conviction.   Is this China signalling they are prepared to takeover the position of global economic leader?  Sure looks like it.


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