Telematics Weekly

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The World Bank’s China Quar­terly Update says that although the coun­try is suf­fer­ing the effects of the global reces­sion, its mon­e­tary and fis­cal poli­cies have kept the econ­omy grow­ing. The Bank par­tic­u­larly sin­gled out the CNY 4 tril­lion (US$ 585 bil­lion) infrastructure-​​focused stim­u­lus plan, which as well as pro­vid­ing employ­ment, has also encour­aged bank lend­ing. The Bank expects China’s GDP to grow +7.2% this year, an upward revi­sion of its pre­vi­ous estimate.

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