China International Political Economy

The Chinese government has announced a $586 billion stimulus package to help prop the China economy according to the Financial Post.

The China economic news comes weeks after many development nations have already pledged economic stimulus packages in the wake of the current global economic crisis.

As Chinese stocks have declined almost two-thirds since October of 2007, the Chinese government stimulus package is expected to help industries that are key the continued growth of the Chinese economy such as construction, real estate and financials.