12 Years Later, China Is Still Suffering From Its Five Trillion Yuan Economic Stimulus Plan
12 Years Later, China Is Still Suffering From Its Five Trillion Yuan Economic Stimulus Plan Commentary The U.S. government is now pushing for a new infrastructure plan that starkly resembles Beijing’s 5 trillion yuan rescue plan back in 2009. A significant factor is that mass printing of hard currency plays a key role in both plans. U.S. lawmakers can learn from China’s experience by gaining a deeper understanding of Beijing’s 2009 stimulus plan. Looking back, Beijing’s 5 trillion yuan (which is about $781 billion today) rescue plan succeeded in preserving employment, but overall it w...
Source: theepochtimes.com