Monday, October 13, 2008

Lin Yifu: China could weather financial storm

Xinhua has quoted World Bank's Chief Economist, Justin Lin Yifu (pix) as saying that China " could work through the current financial crisis " in the world because of its own (1) large foreign reserves, (2) capital controls as well as (3) strong fiscal position. He visited Kuala Lumpur in 2006 to deliver a public lecture on economic development in China.

Keynesianism now a good cat for US economy


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