China has approved in principle a plan to boost domestic demand and infrastructure in its southern export region, which has been savaged by the global financial crisis, state media reported on Thursday.
The impact of the crisis on China's economy was "getting worse by the day", and its effects sharply felt in southern Guangdong province's export hub, the Pearl River Delta region, state television quoted notes from a meeting of the State Council, China's cabinet, as saying on Thursday.
The report did not provide details of the broad-brush plan, but the State Council ordered local leaders to boost infrastructure and social welfare to expand domestic demand. "The Pearl River Delta region's small and medium enterprises and export-oriented companies are numerous. Their overseas exposure is high, and they have been hit relatively badly," the meeting said.
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