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China’s 2020 Vision - Dreyfus Looks at the Past and Future

Posted by Gabriel Burczyk | CEO

August 5, 2010

For China, 2009 will be remembered as the year it took a permanent seat at the world's financial table. With much of the rest of the world stalled in recession, China launched a massive stimulus package, which not only stabilized its domestic economy but also helped to resuscitate global demand, especially for commodities. With a significant portion of the stimulus earmarked for infrastructure projects, China's stimulus simultaneously fueled economic expansion and aggressive modernization efforts, which were easily absorbed in the underdeveloped rural areas.

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