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U.S. welcomes Chinese stimulus package: official

SAO PAULO
Sun Nov 9, 2008 5:56pm EST

SAO PAULO (Reuters) - The United States welcomes China's massive government spending package to boost domestic demand and help the Asian giant ride out the financial crisis, a senior U.S. Treasury official said on Sunday.

China  |  Crisis in Credit

David McCormick, U.S. Treasury Undersecretary for International Affairs, made the remark at a briefing with reporters after a G20 meeting of finance officials and central bankers in Brazil's business capital Sao Paulo.

(Reporting by Anna Willard, Writing by Todd Benson)
China
Crisis in Credit


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