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Archive for February, 2009

Is China the key to shortening the world recession?

Saturday, February 7th, 2009

The Chinese government has already pledged 4 trillion yuan, or $584 billion, over the next two years to help incite domestic demand.  Work is already underway on projects including rebuilding the earthquake hit southwestern China and improving road and rail links.

Premier Wen Jiabao promised that his country would send purchasing missions to Europe soon to combat protectionist efforts among countries and to help global trade.  The missions will “purchase commodities and technologies that we need.”

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