In addition, it plans to spend billions on environmental cleanup, rebuilding after the Sichuan earthquake, and on low-income housing and tax reforms. The building projects mean more Chinese workers will be hired, pumping spending money into the Chinese economy. But the effects will be felt further afield: Australian mining companies will sell more iron ore to China than otherwise as China consumes more steel...
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Brazil will sell more soybean to the Chinese. American and European companies will sell both consumer goods and the machinery and equipment that will help keep China's economy humming. The goal, Premier Wen announced, was to prevent "economic ups and downs" and to promote "steady and relatively fast" growth...
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