Wednesday, March 18, 2009

This Week in the News

World Bank warns China can't make up for collapse in Western demand (The Telegraph)
"China’s deep coffers and its determination to invest in longer term stimulus projects such skills training, healthcare and product innovation care would help to rebalance China’s domestic economy in the medium to long term."


"The World Bank welcomed China’s "visible hand" to stimulate consumption and improve people’s livelihoods by expanding the government’s role and spending on health, education and social protection measures."

"The campaign ‘Study in Australia 2010’ will see $3.5 million will be redirected to specific measures in existing major source countries such as China, India, South Korea, Indonesia, Malaysia and Thailand over the next nine months."

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