Russia, China warn of dire economic straits in 2009 (AFP)

Posted by admin on December 29, 2008 under News | Read the First Comment

Russia, China warn of dire economic straits in 2009 (AFP)

Japanese Prime Minister Taro Aso, seen in Tokyo on December 22. Japan's government on Wednesday approved a record 88.55 trillion yen (980 billion dollar) budget for fiscal 2009 in a bid to revive Asia's biggest economy, which is slipping deeper into recession.(AFP/Pool/File/Toshifumi Kitamura)AFP – Russia and China issued stark warnings on Wednesday about the impact of the crisis on their recently booming economies in 2009, as stocks and oil prices took a hit from economic gloom over Christmas.


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