Here is the video clips from CCTV: http://www.youtube.com/watch?v=afPnkbA3AWU
Railway infrastructure projects: http://www.youtube.com/watch?v=4aJTPh5RaDc http://www.youtube.com/watch?v=By5u-t187sc "One Yuan invested in railways results 5.7 Yuan in GDP", interesting! On Nov 9, 7:34 am, "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> wrote: > My comment: This has been an awaited package. Most projects are part > of previously approved packages, but this announcement gives special > relevance to them and probably ensures their accomplishment on time. > > About its content, in my opinion, the positive comment is that its > direction is absolutely correct, it pushes development from below: > > - low-income housing, rural infrastructure, water, electricity, > transportation, the environment, technological innovation and > rebuilding from several disasters, most notably the May 12 earthquake. > > - comprehensive reform in value-added taxes, which would cut industry > costs by 120 billion yuan. > > - commercial banks' credit ceilings will be abolished to channel more > lending to priority projects, rural areas, smaller enterprises, > technical innovation and industrial rationalization through mergers > and acquisitions. > > On the negative side, in my opinion, it lacks further development in > some service fields (in particular healthcare and education) that > still lack further investments. Those fields would rise employment > while, at the same time, would improve the overall welfare. I am aware > on the difficulties to deal with a goal that depends on professionals > who require years to be ready to face their responsibilities > (teachers, physicians, professors in different fields, etc.). But are > not we the country where the most difficult challenges can be > achieved? > > Conclusion. Its primary aim is to boost economy and welfare among the > poor people and the poor geographic areas. That is great and correct, > exactly what the country and the global economy needs. And it is like > that both from an economic perspective and from a human perspective. > But, in my opinion, it could be even greater if we include those > areas, education and healthcare, into the package. Therefore, I am > extraordinarily satisfied, but not fully satisfied. > > http://news.xinhuanet.com/english/2008-11/09/content_10331324.htm > > China Announces 4 Trillion Yuan Economic > Stimulushttp://www.bloomberg.com/apps/news?pid=20601087&sid=aIpq7IF4BM9Q&refe... --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
