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US plan no 'magic bullet'

By Hu Yuanyuan | China Daily | Updated: 2009-02-12 08:04

US plan no 'magic bullet'

US Treasury Secretary Timothy Geithner testifies at a Senate Banking Committee hearing in Washington DC on Feb 10. Bloomberg News

China's economists were less than enthusiastic about US Treasury Secretary Timothy Geithner's new plan to stabilize the financial market, but still regard it as a positive sign for the country's exports and foreign investment.

US plan no 'magic bullet'

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