. Earth Science News .




.
POLITICAL ECONOMY
China's Wen warns of economic hardship ahead
by Staff Writers
Beijing (AFP) July 15, 2012


Chinese Premier Wen Jiabao warned Sunday that his nation's economic rebound was not stable and the world's second largest economy faced hardships ahead, state media reported.

During an inspection tour of southwest China's Sichuan province, Wen called for greater efforts to strengthen the vitality and dynamism of economic growth, Xinhua news agency said.

"The economic growth rate is still within the government target range set early this year, and stabilisation policies are working," Xinhua quoted Wen as saying.

China's "economic rebound is not yet stable and economic hardship may continue for a period of time," he said.

China's economy expanded during the second quarter at its slowest pace in more than three years as dire problems overseas started to hit home, according to official data released on Friday.

The world's second-largest economy grew 7.6 percent in the second quarter year-on-year, the National Bureau of Statistics said, the weakest since 6.6 percent during the depths of the global financial crisis at the start of 2009.

The weak second-quarter expansion dragged down growth to 7.8 percent for the first half of the year, a period when the debt crisis in Europe has deepened and the US economy has continued to struggle.

The government earlier this month took the rare step of slashing interest rates for the second time in a month. That came after three cuts since December in banks' reserve requirements, or the amount of money they must keep on hand.

Such cuts are meant to free up funds for lending and thus boost the economy.

Chinese leaders have vowed to take further measures. Wen last week called stabilising economic growth the government's "top priority".

Slowing growth in China is also casting a further cloud over the broader global economy, which is still suffering the effects of the 2008-2009 financial crisis.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Commodity prices win late rally on China stimulus hopes
London (AFP) July 13, 2012
Commodity prices, which fell during most of the past week, rallied strongly Friday on speculation of more China stimulus measures to boost demand in the Asian powerhouse nation. Commodities had earlier fallen mainly on uncertainty over prospects for more US stimulus and owing to a strong dollar dampening demand for raw materials priced in the American currency. Prices rebounded on offici ... read more


POLITICAL ECONOMY
A 'Phoenix' rises from Haiti quake ashes

Japan govt, media colluded on nuclear: Nobel winner

Japan pushes ASEAN to lift export restrictions

Report faults Fukushima response

POLITICAL ECONOMY
Microsoft revamps Office with 'cloud' links

Smart materials get SMARTer

Samsung to buy part of British electronics firm

Microsoft breaks from NBC to launch own news portal

POLITICAL ECONOMY
Philippines rescues sea turtles from poachers' net

Clinton urges Mekong nations to avoid US dam mistakes

Work resumes at huge Amazon dam site

Australia's mining boom may doom Barrier Reef

POLITICAL ECONOMY
5.5-mile-long landslide spotted in Alaska

Arctic warming linked to combination of reduced sea ice and global atmospheric warming

Argentina court upholds glacier protections against mining

Study: Wrong diet doomed 1912 polar try

POLITICAL ECONOMY
Climate change means stressed cows may have less milk

Sustainability of rice landscapes in South East Asia threatened

Ancient domesticated remains are oldest in southern Africa

France sends emergency anti-locust aid

POLITICAL ECONOMY
Japan troops fly supplies to thousands cut off by floods

Japan digs for missing as 20 die after heavy rain

Fabio becomes fifth hurricane of Pacific season

Hurricane Emilia weakens in Pacific

POLITICAL ECONOMY
Annual Namibia seal cull to start amid protests

Up to Africans to decide on Mali intervention: Hollande

Liberia leader warns of new wars without arms deal

Sahel army chiefs meet on Mali crisis

POLITICAL ECONOMY
The Clovis First Theory is put to rest at Paisley Caves

Native American populations descend from three key migrations

Seabirds studied for clues to human aging

Hong Kong's land shortage forces bereaved to sea


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement