China says stimulus plan important for world

China says stimulus plan important for world

finance.yahoo.com

BEIJING (AP) -- China's massive stimulus package will help contribute to global stability by boosting investment in the world's fourth-largest economy and consumer spending, the nation's top economic official said Monday.

Faced with the prospect of zero export growth, closing factories and mass layoffs, China joined moves by governments around the world to cushion the blow of the global slowdown with the announcement of the $586 billion package.

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Seems like too many things are all happening all at the same time. Of course some of it will for sure, but instead of everyone doing this at the same time shouldn't the lesson be that you should in fact behave independantly in your economy?

Or at least that's my opinion on the topic.


It seems at times are going to be real tough and that' hurts my soul

hence



finance.yahoo.com
(visit the link for the full news article)