March 04, 2009 at 08:40 AM EST
Two Ways: Specter of More Stimulus Sends Shanghai Surging
China To Announce Additional Aid?Chinese Premier Wen Jiabao may announce the addition of more funds to the country's 4 trillion yuan ($585 billion) stimulus plan. The news caused a squeeze in the market and sent the Shanghai Composite up 6%. According to the Telegraph rumors of another round of stimulus have been swirling for months. China’s communist political party Politburo pledged a “massive” increase in government spending last month and analysts at Standard Chartered have long predicted the country would double the size of aid given its economy's rapid deterioration. For more on China see Professor Ryan Krueger’s The Yi Yue Effect: Looking to ...
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