Thursday, April 30, 2009

WSJ: China's Stimulus Spurs U.S. Business

The Wall Street Journal reports that US companies are finding opportunities in China's US$585 billion stimulus package. WSJ is a subscriber newspaper so I can't post the whole article, but Caterpillar, steelmakers in general, Goodyear Tires and Yum Brands (which owns KFC and Pizza Hut) were named as benefiting from increased economic activity and construction projects.

US and European companies benefit from international trade. The US and European countries should not attempt to discriminate against international companies in their own stimulus packages.

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