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Article: United States: Chinese Regime s Four Trillion Yuan (US$586 Billion) Rescue Package A Downward Spiral.
- Article from:
- TendersInfo
- Article date:
- November 18, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
During the recent G-20 Summit held in Washington D.C., the Chinese Communist Party (CCP) regime presented its rescue plan which calls for an unprecedented 4 trillion yuan (US$586 billion) bail out. Chinese president Hu Jintao intended to show it off at the global summit. Although China is still far from being a member of the international rich nations club, Hu is eager to take part in this event. Surprisingly, as soon as the rescue package was publicized, it became the target of criticism from Western mainstream media before the global summit had a chance to take it seriously.
It is suspected that this plan is the follow up to the many ...