China & Russia No Longer Seen As Saviours Of Global Economy

Bloomberg.com, 28 Jan 2009, Lee Spears and Lyubov Pronina

Putin and Wen, ‘Cocky’ No More, Pay Davos Price for Recession

an. 28 (Bloomberg) -- When Wen Jiabao and Vladimir Putin were invited to speak to the World Economic Forum, China and Russia were supposed to be saviors of the global economy as the U.S. fell into recession.

No more.

Today, as the Chinese premier and Russian prime minister address the opening of the annual meeting in Davos, Switzerland, they’re disappointing those who bet their economies would help power the world through the slump and weakening their case for a greater say among global leaders.

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