Chinese Stimulus Package Working

Unlike many western economists predicted, China's stimulus package is actually working beautifully. Last November, the Chinese government promised 4 trillion yuan ($585 billion) in spending over the next two years. As we continue to discover details, it becomes more and more evident that public spending on large-scale infrastructure was to be a huge part of getting the Chinese out of the worlds whole. Many countries around the world have struggled to find projects to work on right away, but not China. China already had plenty of projects "in the works" and just followed through with those projects. Many of these projects include new ports, bridges, water projects, power plants, roads and rail lines. Investing in the high speed rail lines has been the most profittable for the Chinese. These economic times could potentially help the Chinese by forcing them to focus on themselves rather than the rest of the world. Overall, the Chinese are coming out of this world-wide recession pretty well.

-Galen