China uses stimulus to become stronger global competitor

03/17/2009 | NYTimes.com

China is refining its $600 billion economic stimulus to boost productivity and make the world's third-largest economy a stronger competitor on world markets than it was before the recession hit. "The recent tweaks to the stimulus package indicate a sharper focus on the long-term competitiveness of Chinese industry," said Eswar S. Prasad, the International Monetary Fund's former China division chief.

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