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Article: DOMESTIC CHINA DEMAND HELPS FUEL REGION'S RESURGENCE: WORLD BANK.
- Article from:
- AsiaPulse News
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON DC, Nov 5 Asia Pulse - The economic rebound in East Asia and the Pacific has been surprisingly swift and very welcome, but take China out of the equation and the regional picture is less rosy, says the World Bank's half-yearly assessment of the economic health of the East Asia and Pacific region.
The latest East Asia and Pacific Update, titled `Transforming the Rebound into Recovery', says large and timely fiscal stimulus spending in most East Asian and Pacific countries led by China and Korea along with a powerful process of inventory restocking now underway, have driven the rebound in the region and contributed significantly to confidence in a global ...