China is taking decisive action to help stabilize the world economy and is persisting with efforts to re-balance its economy towards greater domestic demand, said World Bank Group President Robert B. Zoellick. "China has steered a steady course through the stormy seas of the economic crisis," Zoellick said during his third official visit to China as World Bank Group president. "Through its massive stimulus and strong lending program, China has contributed to the early signs of a global recovery by keeping its growth rate up. A key aspect of China's stimulus is the extent of its investment in energy efficiency and low-carbon alternatives to road and air transport.
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