Prudent and pro-active: One province's recipe for riding out the global recession
By Zhao Bian | China Daily | Updated: 2009-03-24 07:57
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A restaurant in Harbin is crowded with diners, showing local consumer confidence has not been adversely affected by the vagaries of the global economic crisis. |
On the face of it, Li Zhanshu, governor of Heilongjiang province, should not be in such an ebullient mood. The northeastern province, with its traditional strengths in mining and manufacturing, is ostensibly more vulnerable than most to the global economic downturn, yet Li seems relatively unfazed, upbeat even.
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