New Research Compares US vs. China Stimulus PackagesLocation: New York SmithStreetSolutions, consulting and advisory firm based in Shanghai and New York, yesterday announced the publication of its whitepaper: Initiative in Crisis: The Effects of the US and China Economic Stimulus Packages on Global Recovery. The study examines the US and China’s responses to the financial crisis, including:
“For the United States and most of the world, the financial crisis has overwhelmingly been a disaster, and has required emergency measures by governments around the world to prevent economic collapse. For China, however, the crisis has been more akin to an opportunity,” said Steven Lee, head of investment research and analytics at SmithStreetSolutions. “SmithStreet’s research has shown a clear delineation between the stimulus approaches of the US and China, with the US stimulus focused on emergency measures to shore up the financial system and promote domestic consumption, versus China’s stimulus which is driven by infrastructure development and long term growth of the economy.” The US stimulus package focuses on reigniting domestic consumption, while China’s stimulus package takes a longer-term approach of Government-led infrastructure development. The whitepaper’s side by side analysis of the two stimulus plans is broken down into 10 categories including: Protecting the Vulnerable, Education and Trading, Healthcare, Energy and Sustainable Development, Infrastructure, Science and Technology Advancement, Other Social Programs, Tax Relief and Other, Post Quake Reconstruction and Rural Development. For a full copy of the whitepaper, please contact emily@blisspr.com
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