U.S. expert praises China's handling of economic crisis
www.chinaview.cn 2009-07-01 19:02:12   Print

    by Xinhua writer Hu Guangyao

    OVERLAND PARK, Kansas, United States, July 1 (Xinhua) -- The Chinese government is doing a good job in its handling of the ongoing economic upheaval, says the CEO of a major U.S. engineering and consulting firm.

    "I'm impressed with the way the Chinese government dealt with the current global economic crisis, very effectively and promptly when it announced in November last year a stimulus package worth four trillion yuan (about 586 billion U.S. dollars) to boost spending and stimulate the economy." Len Rodman, CEO of Black & Veatch, said during an interview with Xinhua at company headquarters in Overland Park, about 20 km south of Kansas City.

    Rodman, who has visited China more than 30 times, pointed out that the stimulus package, targeted at infrastructure and social welfare projects, is equivalent to 16 percent of the country's annual GDP.

    "This package was much larger than expected and welcomed by world leaders as a strong indication that the Chinese government, by boosting its own economy, is helping to stabilize the global economy," he said.

    Rodman, whose company does extensive business in China, said the country is continuing to make significant investments in infrastructure while dealing with climate change issues and trying to develop a low-carbon economy.

    "From our observations, China has started to make important investments in green and renewable technology and remains well positioned to facilitate increased growth in these vital areas," he said.

    He said that globally, there is a need to address the nexus of energy and water issues. China has embraced advanced technologies in both of those areas.

    "China has had a remarkable growth story and Black & Veatch continues to look forward to supporting China in its development and growth," Rodman said.

    Black and Veatch has 3.2 billion dollars in revenue and operates more than 100 offices in more than 100 countries.

Special Report:  Global Financial Crisis

Editor: Fang Yang
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