World Bank Head Praises China’s Economic Steps

President of the World Bank , who is in Beijing for three days to meet with Chinese leaders, commended the country for having taken the appropriate steps to stabilize its economy in light of the deepening global financial . From VOA:

Zoellick … says China has been helping the world by helping itself.

“I think the best way China can help support the world economy this is through the efforts China has taken to strengthen its own growth and recovery,” Zoellick said.

China last month announced a nearly $600 billion stimulus program that will be spent on infrastructure, tax cuts, for consumers in rural areas and social programs.

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