The article also goes on to say that the passage of the package has raised the spirits of the people, and that a psychological effect has helped in improving China's economy.
Sunday, April 12, 2009
Keynesiansim Prevailing In China
As China seeks to shift it's GDP growth from exports to consumption through its stimulus package exceeding 500 billion dollars, the country seems to be showing signs of recovery as demand for raw materials has increased, and the usually thrifty consumers of China's populace have spent more due to the stimulus packages efforts.
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