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Wen: China's economic policy unchanged

http://en.youth.cn   2009-08-10 09:37:00

Chinese Premier Wen Jiabao said the government's mix of active fiscal policies and relaxed monetary settings must stay in place while economic growth faces domestic and external weaknesses, media said on August 9.

Visiting east China's Jiangsu province over recent days, Wen stressed the government's continued commitment to these policies, indicating that no shift is looming.

Chinese Premier Wen Jiabao talks with staff at a research center in Wuxi, east China's Jiangsu province, August 7, 2009. Wen paid a three-day visit to east China's Jiangsu province from August 7 to 9.

"We are persisting with implementing active fiscal policies and appropriately relaxed monetary policies because we still face many hardships and challenges, the international economic outlook remains unclear, and pressure from falling external demand remains heavy," said Wen, according to the central government's website (www.gov.cn).

"The impetus for self-sustaining growth in the economy is still not strong...Therefore, the direction of macro-economic policy cannot change."

Chinese officials face domestic and foreign investors jittery over the direction of policy, and Wen's words add to a recent drum beat of comments stressing that the policy recipe remains unchanged.

source : Chinadaily/Agencies     editor:: Kevin
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