News
Resources
- Free Trading Course
- Market Commentary
- Top Stocks
- Top ETFs
- Top Penny Stocks
- Top Forex Pairs
- Email Services
- Free Tools
- About INO
- Exchange Pages
- Extreme Futures
- Extreme Stocks
- Futures Prices
- Symbol List
Free Report
Market Commentary and Intraday News
Chinese premier says economic woes to continue
308 days ago
(AP:BEIJING) Chinese Premier Wen Jiabao says the country's economic woes will continue for some time, but that its slower growth will remain within the anticipated range.
Wen's comments Sunday came two days after Beijing announced that economic growth had fallen in the second quarter to a three-year low of 7.6 percent.
Wen said Chinese need to recognize the seriousness and complexity of the issue. But he added that the country's economic fundamentals remain favorable. He said the government will prioritize job creation and provide financial aid and tax breaks to companies suffering from slowing exports due to sinking overseas demand.
The quarterly growth was in line with the government's official target of 7.5 percent for the year, which private-sector forecasters say China still is likely to achieve.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
