Can China Save Us?
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Fri, Nov 14 02:30 PM
Robyn Meredith, Forbes.com
China just announced an Olympian contribution to the global economy: The Chinese government will spend $600 billion by the end of 2010 to help prop up the Chinese economy. As Premier Wen Jiabao sees it, not only will the staggeringly big outlay help China, it will prove, "our biggest contribution to the world."
With so much of the global economy, and so many multinational companies, selling to China's fast-growing pool of newly minted middle-class capitalists, China's $600 billion stimulus plan amounts to help for one of the world's fastest-growing consumer markets.
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Is it enough to keep the world out of a recession? Of course not. American consumers spend far more than Chinese,......

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