Mainland China
See also: Chinese property bubbleIn China, the International Monetary Fund predicts GDP growth for 2008 will be 9.7% and drop to 8.5% in 2009. A struggle was underway to see who would swallow the losses on US Agencies and Treasuries. On November 9, 2008 China announced a package of capital spending plus income and consumption support measures. Four trillion yuan ($586 billion) will be spent on upgrading infrastructure, particularly roads, railways, airports and the power grid; on raising rural incomes via land reform; and on social welfare projects such as affordable housing and environmental protection. So far at least 670,000 small and medium-size enterprises have been closed; leaving mainly the large-size enterprises (which may or may not contain companies who have outsourced their workplaces away from the United States - leaving at least five million people there unemployed).
Read more about this topic: Late-2000s Recession In Asia, East Asia
Other articles related to "mainland china, mainland":
... control point on its border with mainland China ... It is housed in the same building with its mainland Chinese counterpart, the Shenzhen Bay Port ... corner of the city of Shenzhen in the Guangdong Province of mainland China, the Shenzhen Bay Control Point is the only border control point where co-location clearance is practised ...
... October 27, 2002 ROC legislator John Chiang proposed The Project of Mainland Taiwanese Businesspeople Returning Home, the project of "the direct charter" ... regulations for allowing ROC business people to return to mainland China Only ROC operators could fly the routes during the Chinese New Year as a charter ... traffic between the stopover and both Taiwan and mainland China cities ...
... "two shores, three places", with "three places" meaning mainland China (大陸/大陆), Taiwan (臺灣/台湾) and either Hong Kong (香港) or Macau (澳門/澳门) ...
... top Chinese artists from Hong Kong, Taiwan, Mainland China, Singapore and Malaysia such as Karen Mok（莫文蔚Mo Wen-hui）, David Tao（ 陶喆Tao Zhe ）, Leehom Wang （王力宏Wang ... for a well-known artist Li Quan from the Mainland China in 2005 ... title songs from 2002–2004, Sega Games commercial title songs for Mainland China 2005, Rejoice shampoo’s commercial title song for Mainland China and Hong Kong 2005-2006, as ...
... Direct investment by the US in mainland China covers a wide range of manufacturing sectors, several large hotel projects, restaurant chains, and petrochemicals ... joint ventures, contractual joint ventures, and wholly foreign-owned enterprises in mainland China ... More than 100 US-based multinationals have projects in mainland China, some with multiple investments ...
Famous quotes containing the word china:
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (1817–1862)