Wednesday, August 15, 2012

China's Wen says economy still under pressure

BEIJING (Reuters) - China's economy is still facing big downward pressure and the foundation of a recovery is not yet solid, Chinese Premier Wen Jiabao said during a trip to the country's coastal Zhejiang province, state radio said on Wednesday.

Wen made the remarks when he met representatives of domestic and foreign companies during his two-day trip to assess the health of the world's second-biggest economy.

Wen added that economic difficulties may last for a while and that the government must focus on employment in the meantime.

(Reporting by Aileen Wang and Koh Gui Qing; Editing by Robert Birsel)

Source: http://news.yahoo.com/chinas-wen-says-economy-still-under-pressure-105720203--business.html

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