China’s latest stimulus plans

China’s latest stimulus plansFor those not already in the know, China had planned economic stimuli to boost iron ore prices just last month.

Among these are plans for major urban infrastructure investments, which include highways, ports and rail transit, which have been valued at $159 billion. These projects, along with the European Central Bank’s bond purchase program and another round of quantitative easing in the US, have driven up ore prices in anticipation of ‘major retooling’ projects worldwide.

It is mostly certain that these plans will boost China’s GDP this year, as Premier Wen Jiabao declared that China is to meet its official target of 7.5%. This is consistent with the nation’s long-term growth forecast in her Five Year Plan, stretching all the way to 2015.

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