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Tuesday, September 11, 2012

Wen promises to boost Chinese growth

Wen promises to boost Chinese growth Wen Jiabao, China’s premier, has promised Beijing will do more to boost flagging growth in the Chinese economy in the coming months as he delivered a spirited defence of his economic legacy and his decade in power.
His speech at the World Economic Forum in the eastern Chinese city of Tianjin on Tuesday is likely to be his last high-profile appearance on the global stage before he is replaced as the third-most-senior cadre in the Chinese Communist Party next month. He is scheduled to step down as premier in March next year.
Mr Wen acknowledged the downturn that has gathered pace in China in recent months. But he insisted his government still had the ability and the will to stabilise the economy, albeit at lower levels than the annual average 10.7 per cent growth seen throughout his time in office.

http://link.ft.com/r/2SRI11/QN9O23/A7ZW81/EXH9VO/7ZV3R4/ZH/h?a1=2012&a2=9&a3=11

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