CBN, a regional press and online publication covering the construction market, released its annual Power Hour ranking for in early July, highlighting the most prominent leaders in the Middle East construction sector.
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Prices are indicative only. Metals Trading Advantages Trade spot gold and silver, and currency crosses Tight spreads across all symbols Flexible Leverage No commission fees Available on all platforms. Rural projects in the pipeline included building public amenities, resettling nomads, supporting agriculture works, and providing safe drinking water. Technology advancement mainly targeted at upgrading the Chinese industrial sector, gearing towards high-end production to move away from the current export-oriented and labor-intensive mode of growth.
This was in line with the government's latest Blueprint for revitalizing 10 selected industries. To ensure sustainable development , the Chinese government also allocated some billion yuan, or 5.
Finally, billion yuan was allocated for educational, cultural and family planning purposes. China's economic growth was sustained by the economic stimulus and in addition, assisted neighboring countries with the economic recovery in Some were used to assist local governments to lend money to state-owned companies to develop housing estates, roads and bridges. Due to the success of the economic stimulus plan, the central government has tightened regulation in the financial system on banks to curb lending amid fears of a property bubble which could put a dent on economic recovery.
The stimulus package has been criticized for causing a surge in Chinese debt after In , Minxin Pei criticized Beijing for "resorting to massive bank lending to local governments, which then went on an infrastructure spending binge that's certain to haunt the country for years to come". From Wikipedia, the free encyclopedia. Business and economics portal Economics portal.
Events of Summer Subprime crisis impact timeline Subprime mortgage crisis United States housing market correction. The New York Times. Deleveraging While Generating Growth". Carnegie Endowment for International Peace. Archived from the original on The Los Angeles Times.
China's Looming Real-Estate Bubble. Wall Street Journal Eastern Edition [serial online]. Accessed September 6, , Document ID: Wall Street Journal Online [serial online]. Wall Street Journal Online. Automotive industry crisis California budget crisis Housing bubble Housing market correction Subprime mortgage crisis. Government policy and spending responses.
List of banks acquired or bankrupted during the Great Recession.