3.26.2009

China's Zhou says economy recovers on decisive action

Was the "decision" action demanding and getting a large cash payment from the US? - Ed.

March 26 (Bloomberg) -- People’s Bank of China Governor Zhou Xiaochuan said the world’s third-largest economy is recovering and contrasted his government’s “decisive” action with delays in other countries.

“Leading indicators are pointing to recovery of economic growth,” Zhou said in an article on the central bank’s Web site today. The government “has taken prompt, decisive and effective policy measures, demonstrating its superior system advantage when it comes to making vital policy decisions,” he said.

Read more @ Bloomberg


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