Chinese premier worried over economic future
Malaysia Sun
Sunday 1st March, 2009
Premier Wen Jiabao of China has said his country faces the long and arduous task of combating the effects of the global financial crisis.
The official Xinhua News Agency quoted Wen as saying the crisis was still spreading in China and stronger actions were necessary.
Wen’s government has announced a US$586 billion plan aimed at boosting domestic consumption to shield China from the global slowdown, which has battered Chinese exporters.
Wen noted that trade-dependent areas have been hit by factory closures and layoffs and said the government should encourage workers who have lost their jobs to start their own businesses by offering tax incentives and training opportunities.
Malaysia Sun
Sunday 1st March, 2009
Premier Wen Jiabao of China has said his country faces the long and arduous task of combating the effects of the global financial crisis.
The official Xinhua News Agency quoted Wen as saying the crisis was still spreading in China and stronger actions were necessary.
Wen’s government has announced a US$586 billion plan aimed at boosting domestic consumption to shield China from the global slowdown, which has battered Chinese exporters.
Wen noted that trade-dependent areas have been hit by factory closures and layoffs and said the government should encourage workers who have lost their jobs to start their own businesses by offering tax incentives and training opportunities.
