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| Version 1 | Version 2 |
|---|---|
| Shares up on China stimulus hopes | Shares up on China stimulus hopes |
| (about 5 hours later) | |
| Share prices around the world have jumped amid hopes the Chinese government will announce an expansion to its economic stimulus plan. | Share prices around the world have jumped amid hopes the Chinese government will announce an expansion to its economic stimulus plan. |
| US stock indexes were up more than 2%, while Germany's Dax surged 5.4%, France's Cac 40 rose 4.7% and the UK's FTSE 100 added 3.8%. | US stock indexes were up more than 2%, while Germany's Dax surged 5.4%, France's Cac 40 rose 4.7% and the UK's FTSE 100 added 3.8%. |
| It is expected that Beijing will increase spending in infrastructure, manufacturing and other sectors. | It is expected that Beijing will increase spending in infrastructure, manufacturing and other sectors. |
| A rise in China's manufacturing index also helped stock market rallies. | A rise in China's manufacturing index also helped stock market rallies. |
| The key measure of Chinese manufacturing rose in February for the third month in a row. | The key measure of Chinese manufacturing rose in February for the third month in a row. |
| "What is good for China is good for the world," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. | "What is good for China is good for the world," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. |
| China is one of the biggest economies and the second biggest oil consumer. | China is one of the biggest economies and the second biggest oil consumer. |
| Attention to details | Attention to details |
| Chinese Premier Wen Jiabao is spelling out China's economic and other aims for 2009 in his speech to the National People's Congress, China's parliament. | |
| One of the important questions is how much China is going to spend to stimulate its economy. | One of the important questions is how much China is going to spend to stimulate its economy. |
| The size of the original stimulus package unveiled in November was 4tr yuan ($586bn, £419bn). | The size of the original stimulus package unveiled in November was 4tr yuan ($586bn, £419bn). |
| Besides, economists wonder whether Mr Wen will reiterate China's annual economic growth target of 8%. | Besides, economists wonder whether Mr Wen will reiterate China's annual economic growth target of 8%. |
| The Chinese economy has not grown slower than this yearly target level since 2005, often recording a higher growth. | The Chinese economy has not grown slower than this yearly target level since 2005, often recording a higher growth. |
| Earlier, China said it would increase military spending by 14.9% this year to 480.6bn yuan. | Earlier, China said it would increase military spending by 14.9% this year to 480.6bn yuan. |
| Analysts say defence spending is higher than the official figure, but Beijing says there are no hidden outlays. | Analysts say defence spending is higher than the official figure, but Beijing says there are no hidden outlays. |