Tag: Infrastructure

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China Unveils $586 Billion Economic Stimulus Plan

China has announced a huge economic stimulus plan aimed at staving off an economic slowdown in the wake of the global financial crisis. From the New York Times:In a bold move at a time when major projects are being put off around the world, Beijing said it would spend an estimated $586 billion by 2010 on wide array of national infrastructure and social welfare projects, including constructing new