China Embraces Keynes

In a move intended to counter slowing economic growth, China announced its largest ever fiscal stimulus plan of four trillion yuan ($586 billion). The two year package, which includes spending on health care, education, and infrastructure projects, was welcomed by economists and investors who hope that China can serve as a locomotive for the world. Should the rest of the world follow suit with large fiscal stimulus plans of their own?

Batson: China Sets Big Stimulus Plan In Bid to Jump-Start Growth

Economist: China Seeks Stimulation

Elegant: A New Deal for China?

Münchau: Fiscal policy is Our Most Potent Instrument

Brookings: If, When, How-A Primer on Fiscal Stimulus