China has unveiled a huge investment plan to kick start its slowing economy and help avert a global recession, reports The Wall Street Journal.
China is to invest some US$586bn in infrastructure and agriculture, among other sectors, over the next two years.
Experts say the package comes in response to falling growth and exports.
Stocks leapt in Japan, China and Hong Kong today, buoyed by China's efforts to sustain its growth rates, on which many Asian economies depend.
Related articles
-
ArticleEosta goes Fairtrade for organic avocados grown in Kenya
The Dutch organic company is introducing Fairtrade certification for its Kenyan avocados, as it looks to help growers build economic and ecological resilience
-
ArticleDefra delays post-Brexit border checks
UK government postpones start of physical checks on EU food imports for sixth time to avoid “serious disruption” at the border, according to report
-
ArticleChiquita opens Europe’s biggest ripening centre in Bergamo
The facility has 24 ripening cells on two levels and two packaging lines with a capacity of 45 trays per minute
More from Asiafruit
-
ArticleJWM Asia sees mixed prospects for South African citrus
Lemons and grapefruit face challenging market conditions in Asia, but the outlook is brighter for oranges, says major distributor
-
ArticleKorea extends tariff exemption for imported fruits
Government allows unlimited tariff-free imports of key products until 30 June in bid to stabilise fruit prices after domestic supply shortages
-
ArticleAsia Fruit Logistica brings Thai trade together at Business Meet-Up
Asia Fruit Logistica’s Bangkok Business Meet-Up explored growth opportunities for the Thai fruit and vegetable industry
No comments yet