Curious about what the Chinese stimulus plan looks like? Caijing Magazine has put together an interesting pie chart based on the recent “rebalancing” by the National People's Congress. Some of the biggest changes: a massive injection into sci-tech and social welfare, and surprisingly less towards rural civilian projects, considering how much publicity talks of “helping the rural areas” have been getting.
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Results tagged “stimulusplan”
China's stimulus plan in pie chart form
China scrambling to deal with over 20 million unemployed workers
One of the biggest threats to stability China could face is already starting to happen: millions of people, most of them migrant workers, are unemployed. Chen Xiwen, the vice head of the Central Finance and Economic Leading Group, released several disturbing figures on Monday (helpfully translated by Victor Shih):
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