Chinese Premier warns of challenges in economy

Chinese Premier warns of challenges in economy

www.china.org.cn

Chinese Premier Wen Jiabao warned that Chinese economy still faced challenges given the uncertainty in the outside and unbalanced development inside the country. But he expressed confidence China will overcome the challenges.

"The economic situation at home and abroad remains complex, with increased uncertainty in the international market," Wen said when presiding over five symposiums from Jan. 22 to Feb. 1 to solicit opinions on the government's work report, which will be submitted at the upcoming annual session of the National People's Congress.

"There are still problems of imbala

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This is only significant because the Chinese Premier Wen Jiabao is warning that things are not looking good, that there is trouble on the horizon.

"The economic situation at home and abroad remains complex, with increased uncertainty in the international market"

Now that is an understatement! The Chinese real estate bubble, the rise in bad debt, inflexibility in decision making, good old boy banking and business and a top heavy one party system has put China in a severely compromised situation compounded by the worldwide economic and financial collapse.

They are trying harder, however as evidenced here:

"China beat the global financial crisis with a democratic and scientific approach to decision making, borrowing from experts' wisdom and taking into account citizens' concerns, he said.

A scientific approach! And even listening to the citizens! Are you listening Obama? hehe!

www.china.org.cn
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My energy is world wide;
without any judgments

[edit on 2-2-2010 by DjSharperimage]