Saturday 8 November 2008

China ready to boost economy: World Bank chief

China told top finance officials on Saturday it was in a position to give a strong boost to its economy, like other countries, to help

fight the global credit crisis, the head of the World Bank said.

"There is a sense of a need for supportive fiscal expansion," World Bank President Robert Zoellick told reporters, referring to discussions among officials from the G20 group of advanced and developing economies.

"China is in a very good position to have a strong fiscal expansion. This is something the Chinese authorities talked about."

Source: EconomicTimes

Posted by Harsh at 14:32

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