China to the rescue
Global markets rallied Wednesday on hopes that China will boost its stimulus package. Could China help lead the U.S. out of its economic rut?
NEW YORK (CNNMoney.com) -- Investors have largely panned the stimulus package that President Obama signed into law last month. But stimulus in China? Now that's a different story.
Stocks around the world rallied Wednesday morning, and some attributed the pop to reports that the Chinese government was planning to boost its spending on infrastructure and manufacturing.
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