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China Acts with a Huge Bailout
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China Acts with a Huge Bailout

Our Correspondent
Nov 10, 2008
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China Acts with a Huge Bailout
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Increasingly concerned about its slowing economy, China’s State Council Sunday got around to doing what been expected since the second quarter of the year – creating a gigantic Rmb4 trillion (US$586 billion) stimulus package to prop up investment and consumer confidence and keep retail spending from collapsing altogether.

As evidence of its concern, Beij…

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