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buymybook
Joined: 21 Feb 2005
Location: Telluride
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gmat
Joined: 29 Jan 2003
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 Posted: Mon Nov 10, 2008 9:39 am Post subject: |
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| Quote: |
| Chinese $500 Billion Stimulus actually = 2 Trillion U.S |
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Your thread title makes absolutely no sense.
US $586 billion = CNY 4 trillion
That is the size of the Chinese stimulus package.
edit:
Perhaps you meant a CNY 4 trillion (or U$ 586 billion) Chinese stimulus package, given the relative size of the economy, would be equivalent to a U$ 2 trillion stimulus in the United States. |
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ChinaBoy
Joined: 17 Feb 2007
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| Posted: Mon Nov 10, 2008 5:43 pm Post subject: |
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but clearly it is only $586 billion US they are investing, so there is no calculation necessary at all
Fail on both points |
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joeheckel
Joined: 13 Oct 2008
Location: Seoul
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| Posted: Mon Nov 10, 2008 10:13 pm Post subject: |
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| I think it is valid to point out that China's decision to inject money into their economy was done with actual money. The United States injected money into their economy through debt. This may seem like a technicality but it will come into play down the road in terms of inflation irregardless of whether the currency in China is pegged or not. Debt is debt and we are definitely borrowing to speed up our economy. |
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partialtone
Joined: 27 Nov 2007
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| Posted: Mon Nov 10, 2008 10:15 pm Post subject: |
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| They should set some of that money aside for earthquake rehab. |
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bobranger
Joined: 10 Jun 2008
Location: masan
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| Posted: Mon Nov 10, 2008 10:43 pm Post subject: |
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| Quote: |
| I think it is valid to point out that China's decision to inject money into their economy was done with actual money. The United States injected money into their economy through debt. This may seem like a technicality but it will come into play down the road in terms of inflation irregardless of whether the currency in China is pegged or not. Debt is debt and we are definitely borrowing to speed up our economy. |
So true. Increased debt = increased tax. |
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Zolt
Joined: 18 May 2006
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| Posted: Tue Nov 11, 2008 2:42 am Post subject: |
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| It should be highlighted that out of these 500 billion, only 150 come from taxpayer money, the rest will come from state companies as investment projects, and as credit lines from banks. |
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adios4ca
Joined: 09 Sep 2007
Location: Seoul
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| Posted: Tue Nov 11, 2008 4:34 am Post subject: |
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| gmat wrote: |
| Quote: |
| Chinese $500 Billion Stimulus actually = 2 Trillion U.S |
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Your thread title makes absolutely no sense.
US $586 billion = CNY 4 trillion
That is the size of the Chinese stimulus package.
edit:
Perhaps you meant a CNY 4 trillion (or U$ 586 billion) Chinese stimulus package, given the relative size of the economy, would be equivalent to a U$ 2 trillion stimulus in the United States. |
well, are you talking about purchasing power?
for instance, hiring a construction worker in the States may cost you $25/hour, but only $2/hour in China.
so i would imagine that with $500B in China you can probably do $2T things in the States. |
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