Don Kenobi
/ 83.5.251.* / 2009-06-15 08:45
The nation’s economic problems include slumping exports, falling profits, industrial overcapacity, unemployment and potential budget shortfalls, the premier said. Positive signs include a bumper summer harvest, gains in retail sales, rebounding industrial output, improving market confidence and faster growth in urban fixed-asset investment, Wen said.
China “mustn’t underestimate” the difficulties and needs to prepare to tackle them over “a long-term,” the premier said.