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201 W. Washington Ave.
Madison, WI 53703
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P.O. Box 7970
Madison, WI 53707-7970

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Scott Walker
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IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.

Division of Investment and Export
PO Box 7970
Madison, WI 53707-7970
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Vol. 8 #2, November 2008

Chinese Economic Stimulus Plan
On Sunday, November 9, the Chinese government announced a $586 billion package of infrastructure projects in an effort to maintain growth at home and combat the effects of the global slowdown.  The primary focus will be on new railways, subways, and airports with an emphasis on communities in southwest China that were affected by major earthquakes in May.  The full program will include low-income housing, electricity, water, rural infrastructure, environmental protection, and technological innovation projects.

This is the largest economic stimulus package announced by the Chinese government.  China's direct government spending is a smaller percentage of economic activity compared to that of the United States or European countries, but the Chinese central government maintains significant control over investment spending by other agencies in the country.  While China's economy has been growing at double-digit levels for several years, the global slowdown has had a dampening effect.  Growth in exports has slowed, stock and propert markets have been depressed, and consumer confidence has been negatively impacted.  While a major goal of the spending effort is to increase domestic production and bolster consumer spending, opportunities will be created for international equipment suppliers.  To learn more about the Chinese market, contact Ms. Beng Yeap, Commerce's Asia Specialist, beng.yeap@wisconsin.gov, (608) 266-1480.