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Chinese airport shares lift on economic stimulus package

11-Nov-2008

China’s State Council announced (09-Nov-08) a USD586 billion economic stimulus package (the largest ever) to bolster its weakening economy amid the worsening global economic slowdown. Beijing also announced a "pro-active fiscal policy" to loosen credit markets and encourage lending. The package will amounts to approximately 7% of Chinese GDP in each of the next two years. [196 words]

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Graphs and data:

  • Selected airports daily share price movements (% change): 10-Nov-08
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