 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
Chinese PM says recovery still uncertain: state media
Shanghai (AFP) June 15, 2009 Chinese Premier Wen Jiabao said the Asian giant's economic recovery had yet to find a solid footing and the government would adjust its stimulus package if necessary, state media reported Monday. Unemployment, slumping exports, excess capacity and shrinking fiscal revenues mean a recovery in the world's third-largest economy is fraught with uncertainties, the People's Daily cited Wen as saying. "As the outlook of the global economy remains unclear and external demand continues to decline, the recovery of our economy is not firmly rooted yet," Wen was quoted as saying during a visit to central Hunan province. "We must not underestimate these difficulties," he said. Wen also said the government would adjust its 580 billion-dollar stimulus package announced late last year to meet changing economic conditions. His comments came as data released last week showed China's exports plummeted for a seventh straight month in May, down 26.4 percent year on year as result of severe downturns in the key North American and European markets. But China's industrial output and retail sales growth both accelerated in May from previous months as stimulus measures kicked in, fuelling hopes that the country could lead a global recovery. Share This Article With Planet Earth
Related Links The Economy
Emerging big four economies flaunt power at summitMoscow (AFP) June 14, 2009 Brazil, Russia, India and China flaunt their unity against more established powers this week as the four emerging economic giants hold the first summit of their grouping, known as BRIC. But while they will express determination to act together during the current economic crisis and beyond, they are years away from being a counterbalance to established global institutions, analysts say. ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook