217895 Resource 119232 120646 120646 1226321060571 1226321060571 Controlled China Announces Its Own Economic Stimulus Package

FX market reacts to China's plan

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">China, which is expected to become the world's next economic superpower, has just announced its own economic stimulus package. The Chinese government has announced that over the next two years, it will inject <a href="http://www.stocktradingtogo.com/2008/11/10/china-reveals-bold-586-billion-stimulus-package/" target="_blank" title="Chinese economic stimulus, China stimulus, FX market, forex trading, U.S. dollar, sterling, down under currencies, currencies, $700 billion bailout">$586 billion</a> into its own economy.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">This is the largest stimulus package to date (the <a href="http://www.yieldingwealth.com/financial-crisis-and-700-billion-bailout-various-thoughts-from-various-places/" target="_blank" title="Chinese economic stimulus, China stimulus, FX market, forex trading, U.S. dollar, sterling, down under currencies, currencies, $700 billion bailout">$700 billion bailout</a>, apparently, doesn't count as &quot;stimulus&quot;; it is seen as &quot;rescue&quot;), dwarfing packages put forth be the U.S., Japan and Germany. The Chinese package dwarfs all them </span><span style="font-style: italic; font-family: verdana,arial,helvetica,sans-serif;">combined</span><span style="font-family: verdana,arial,helvetica,sans-serif;">.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Of course, with so much money designed to prop up Chinese economic growth, it is probably inevitable that the U.S. will pass another stimulus package.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Right now, the FX market is responding to the Chinese announcement, with the<a href="http://www.marketwatch.com/news/story/story.aspx?guid={1EE1BC24-8C96-42B7-8DB0-7E63BA957675}&siteid=rss" target="_blank" title="Chinese economic stimulus, China stimulus, FX market, forex trading, U.S. dollar, sterling, down under currencies, currencies, $700 billion bailout"> dollar and yen dropping</a> as the down under currencies and the sterling rise.</span></font><br /> 9 application/xml false $700 billion bailout China stimulus Chinese economic stimulus currencies down under currencies forex trading FX market sterling U.S. dollar World currencies on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119232 blog blogsite/GFTForex/web