China spends near $600 bln

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The world's fourth largest economy, China, plans to spend nearly $600 billion to boost demand in the face of the global slowdown. China's central bank governor, in Brazil for a Group of 20 financial leaders meeting, said markets could also expect easier monetary policy ahead, coupled with the massive pump-priming, expected to equal to 15 percent of GDP. Dan Sloan reports.

Tags: China, global slowdown

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