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        Wanda shows that it is on the ball

        By Mike Bastin | China Daily | Updated: 2015-02-09 07:45

        Chinese injection of cash into Spanish club is good news for cash-strapped football clubs in Europe

        So the European Central Bank plans to inject about 1 trillion euros ($1.14 trillion) in order to reflate the persistently sluggish eurozone economy. Good news for the European economy generally, but can government and public sector money-pumping really establish self-perpetuating economic growth? Or is it just one important contributory factor that works best in partnership with substantial capital investment from the private sector?

        Economic history points to the latter.

        Wanda shows that it is on the ball

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