BEIJING -(Dow Jones)- China's stimulus package and ongoing fast economic growth will benefit its trading partners struggling with the effects of the global financial crisis, a commentary by the official Xinhua News Agency said Wednesday.
The article, which was posted on the State Council's Web site a day before China's parliament is due to meet for its annual session, also said the country's massive foreign exchange reserves are a source of hope to financial institutions around the world struggling with inadequate liquidity.
Global finance and money markets benefit from China's policy of keeping the yuan stable, it said.
The column also called on large developing nations to be given a greater role in international financial and economic bodies, and said those countries are the world's best hope for a quick rebound from the crisis.
The author of the column wasn't named.
Newspaper Web site: http://www.gov.cn
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