All articles on stimulus plan

Stimulus Plan Recovery Looks to Be Short Lived, Jobless
Despite some statistical improvement, China's overall economy is continuing to decline. With most of the funds from the government's 4 trillion yuan stimulus package already invested in infrastructure construction and state-owned enterprises, analysts worry that, due to a lack of investment from the public and particularly from local governments, any rebound and creation of new employment may not last long.
March 23rd,2009
Most China Profits Still Falling on Eve of London Meeting
China's private economy is still showing profit growth despite the economic slowing, demonstrating its resilience, while state-owned enterprises and foreign invested companies has seen profits fall by almost 60% and 40%, respectively, since the beginning of this year.
March 27th,2009
Bank Lending Binge Continues, But for How Long?
After new bank lending reached over one trillion yuan in both January and February, March also saw more than one trillion yuan in new credit flow out the bank doors. The big banks are still running for the big projects involved in the government's economic stimulus plan, but a big part of funds lent for bill financing is continuing to flow into the stock market. And a large percentage of the financing is long-term and is boosting banks' NPL risk.
April 8th,2009
Premier Wen, State Council Discuss Expanding Stimulus
Private enterprises are still reluctant to invest.
April 17th,2009
Most Bank Lending Going to Maintenance and Old Projects, Not Growth
Despite loose credit policies, many strong privately-owned firms have shown no great willingness to borrow.
May 4th,2009
Beijing to Lower Capital Threshold to Stimulate Local and Private Investment
While investment from the central government has surged, at the end of last year, growth of investment by local governments had dropped 1.8 percentage points from July, and the growth this last February dropped to a record low since January, 2004.
May 4th,2009
NDRC Official: China's Economy Has Yet to Bottom
The National Development and Reform Commission has launched stimulus plans for ten industries, but many believe this will only lead to new production surpluses.
May 8th,2009
Private Sector the Loser in China's Stimulus Plan
State-owned companies are making full use of private companies' difficulties, along with their own policy and funding advantages, to accelerate mergers and restructuring.
May 21st,2009
China's Bank Lending Growth Slows and Shifts to Private and Personal Loans
As the peak period for the investment of big projects included in the government's economic stimulation plan has passed, and banks are doubtful about the strength and sustainability of the economic rebound, new lending is estimated to decline further in May.
June 3rd,2009
People's Congress Meets, Discusses Greater Stimulus
Beijing is once again the site of the annual session of the National People's Congress and Chinese People's Political Consultative Conference. Thousands of representatives and committee members from all areas of the country, political, geographical, and social, are gathering with particular interest in current economic developments. Hope is rife that the government will launch further stimulation policies, including more investment.
March 3rd,2009