Source: CCTV.com

11-10-2008 11:42

Special Report:   Global Financial Crisis

China's huge economic stimulus package has spurred heated discussions around the world. Let's take a look.

David MaCormick, US Treasury Undersecretary said "The United States welcomes China's massive government spending package to boost domestic demand and help the Asian giant ride out the financial crisis."

Dominique Strauss-Kahn, IMF Managing Director said "I am very happy to see the decision that has been made by the Chinese. It's a huge package. It will have an influence not only on the world economy in supporting demand, but also a lot of influence on the Chinese economy itself."

Professor Yuan Gangming, Tsinghua University said "The stimulus package is encouraging. The timely policy will hold back the economic slowdown and will effectively protect the stability of the economy, financial and capital markets."

Sun Pishu, President of INSPUR Group said "These are highly efficient measures. It reflects the government's determination to support the economy. These policies give us more confidence to face the global financial crisis."

Qing Wang, Economist of Morgan Stanley said "The package is aggressive."

Jing Ulrich, Head of China Equities of J. P. Morgan said "Beijing had resorted to 'massive' stimulus in the face of the sternest economic test since the Asian financial crisis."

 

Editor:Xiong Qu