Asia Times Online, 13 May 2009, Olivia Chung
"Millions of Chinese workers have been thrown out of work as US and European consumers of China-made goods rein in spending; the number of jobless could be less than 5% - or almost 10%. But whatever it is, the wizards of Beijing, it seems, are successfully transforming the economy with barely a hitch from one that is dependent on overseas sales to one thriving on domestic demand.
The alchemy alleged to be doing the trick is the government's 4 trillion yuan (US$570 billion) economic stimulus package announced in November, with big-ticket items such as railroads and other infrastructure projects featuring strongly."
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