China's Economic Package

More details are emerging of China's Economic Stimulus package 586 Billion.  It has Ten Major Areas, the question is can the money be spent fast enough and if so much of it's infrastructure, which China has been building like crazy any way, will it make a difference?

My opinion, the list looks very interesting and could have a major positive impact on China!  

1. Housing
   
2. Rural Infrastructure
   
3. Health and Education
   
4. Transportation
5. Environment
   
6. Industry  - Innovation and Restructuring
   
7. Earthquake Relief, rebuilding
8. Raise Farm Payments, pensions.  Sounds like the start of Social Security.
9. Tax Reform
10. Finance - keeping liquidity in the economy.