This weekend, leaders of twenty of the world’s major economies will convene in Washington, DC to discuss a coordinated response to the current troubles hounding global economic communities. Although for a time it was thought that China might use a portion of its $2 trillion reserve to aid a battered U.S. economy, China has indicated that its intent is to “put our own house in order”. Chinese officials have expressed the belief that a strong domestic economy is key in stabilizing global economies.
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