© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
TECHNOTE: 90.5 FM and AM870 reception

China Produces Plan To Boost Disappointing Economic Growth

STEVE INSKEEP, HOST:

NPR's business news starts with a tiny stimulus.

(SOUNDBITE OF MUSIC)

INSKEEP: China has announced a new plan to boost disappointing growth - if that's what you can call forecasts for a seven percent jump in economic activity in China. That's less than the Chinese are accustomed to. The package includes selling bonds to build more than 4,100 miles of new railways across central and western China. There's also tax relief for small business and more low income housing.

China's new package is designed to keep the country on track to reach target growth rates of seven and a half percent for this year. Transcript provided by NPR, Copyright NPR.

To help strengthen our local reporting as WKAR's fiscal year ends, we need 75 new or upgraded sustainers by June 30th. Become a new monthly donor or increase your donation to support the trustworthy journalism you'll rely on before Election Day. Donate now.