Hu Tells Leaders China Growth Will Help World Economy
Chinese President Hu Jintao told world leaders that his country "has taken an active part in the international cooperation to deal with the financial crisis'' by providing a "$586 billion economic sti focused on building low- rent housing, roads, railways and airports. The package also allows tax deductions for fixed assets such as machinery to stimulate investment. Farmers will also benefit fro subsidies."
Hu stated that "China is in itself an important contribution to international financial stability an economic growth.''
China wants to increase investment because this change will

Question

Quizplus · Accepted Answer

Hu states that the economic package focuses on building low-rent housing, roads, railways, and airports, as well as offering tax deductions for fixed assets such as machinery to stimulate investment. This will increase the growth in physical capital, which will speed up economic growth.