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Financial Crisis of 2008 (view source)
Revision as of 18:46, September 21, 2025
, 18:46, September 21, 2025→Asia
===Asia===
===Asia===
The crisis swept across the Middle East and Asia as well, with South Korea especially hard hit. China, which had been the world's major growth machine in recent years, seemed to slow down. In November China's government announced it would spend 4 trillion yuan ($586 billion) through the end of 2010 to stimulate its economy. It specifically targeted people's livelihood in an effort to offset the impact of slowing global demand for its exports and unlock the spending power of its vast population.
The crisis swept across the Middle East and Asia as well, with South Korea especially hard hit. China, which had been the world's major growth machine in recent years, seemed to slow down. In November China's government announced it would spend 4 trillion [[yuan]] ($586 billion) through the end of 2010 to stimulate its economy. It specifically targeted people's livelihood in an effort to offset the impact of slowing global demand for its exports and unlock the spending power of its vast population.
==Troubled Asset Relief Program (TARP) ==
==Troubled Asset Relief Program (TARP) ==