China has announced an unprecedentedly huge economic stimulus package worth 4 trillion yuan (US$586 bln) to be infused by the end of 2010. The package is aimed at boosting domestic demand by providingg financing to 10 major infrastructure programs over the next two years, including transportation, rural projects, low-cost housing, environmental projects and post-disaster reconstruction.
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Thursday, November 20, 2008
Will recovery in China's energy demand initiate by year end?
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