China's stimulating policies in financial crisis

China's stimulating policies in financial crisis

China's massive stimulus plan has been proved to be effective and China's economy has bottomed out and witnessed a sound recovery, said Chinese Premier Wen Jiabao during an online chat with Netizens Saturday.

Following are some details of policies the world's third largest economy has taken to counter the adverse impacts of the global financial crisis:

The State Council, or the Cabinet, announced on Nov.nfl hats wholesale 5, 2008 to unveil a 4-trillion-yuan (585.7 billion U.S. dollars) stimulus package and to shift the fiscal policy from "prudent" to "proactive" and the monetary policy from "tight" to "moderately loose".

The 4 trillion yuan will be spent over two years to 2010 to finance programs in 10 major areas. A total of 1.18 trillion yuan, or 29.china nfl jerseys wholesaleGolf Equipment Wholesale5 percent of the total package, is offered by the central government. The remaining fund will be supplied by local governments and the private sector.christian louboutin wedding

To stimulate the economy, China shifts from prudent fiscal policy to proactive in the fourth quarter of 2008.

The proactive fiscal policy also involves tax cuts of 550 billion yuan, including a comprehensive reform in value-added taxes, reduction in real estate and securities transaction levies and the canceling of 100 items of administrative fees.

China announced in March last year a fiscal deficit budget of 950 billion yuan for 2009, a record high in six decades. However, the total deficit is still managed to be less than three percent of China's gross domestic product (GDP).

Traces of tragedy live on decade after 9/11 terror attacks

Traces of tragedy live on decade after 9/11 terror attacks

A decade after the Sept. 11 terror attacks in the United States that killed nearly 3,000 people and sparked two major wars, traces of the event continue.

It is true that Al-Qaida mastermind Osama bin Laden is dead and the organization has been hobbled. Topping the list of people's concerns is now jobs and the economy -- a far cry from the weeks and months after 9/11 attacks, when Americans'fears of further terror attacks were palpable.

But while the United States has in many ways moved on, the event in some ways continues to impact the country at home and abroad.

The United States and its allies have over the last decade tightened the screws on al-Qaida, hitting the organization's finances and pummeling its leadership, leaving it reluctant to recruit new talent for fear of disclosing the whereabouts of its top lieutenants.

While analysts say al-Qaida is unlikely to mount the same type of attacks that it was capable of a decade ago,nfl throwback jerseys from china Islamic militants have turned to homegrown terrorism -- often the radicalization of Americans through the Internet -- as a way to deal with its handicap. But while attacks by such individuals would likely comprise small arms and homemade bombs, they can still be deadly.

The 2009 shootings in Fort Hood, Texas, are one example: U.S.hair weave Army Major Nidal Malik Hasan, suspected of being influenced by radical Islamic ideology,Probowl jerseys wholesale allegedly killed 13 people and injured 29 others.wholesales mac Lip gloss