China’s Economic Stimulus Plan/U.S.-China Policy

Posted by Michael Anderson on Thursday, January 15th, 2009

External Podcast: Visit Digging-to-China.com to listen

Segment 1: China’s Economic Stimulus Plan

Beijing has unveiled an economic stimulus program totaling $586 billion. It aims to bolster domestic demand and help avert global recession. The size of the stimulus plan was clearly designed to revive the fading confidence of Chinese businesses and consumers and impress foreign governments. The announced sum of four trillion yuan represents 16% of China’s output last year and is roughly equal to the total of all central and local government spending in 2006. The plan includes spending in housing, infrastructure, agriculture, health care, and social welfare. But the million dollar question is will it work?

Guest: Robert Sherretta, President of International Investor Corporation

Segment 2: U.S.-China Policy, Is Obama’s Change for Real?

Given American concerns over China’s international behavior, its dissatisfaction with bilateral economic relations, and its dissatisfaction with the domestic, political, and economic situation in China, should the United States fundamentally alter its policy toward Beijing? If so, in what direction? And if not, can present policy be implemented more effectively? Is Obama’s change for real?

Guest: John Kusumi, Director Emeritus of China Support Network

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