BEIJING — China's economic health still faces threats from the halting global recovery, but Beijing has no plans to make major changes to its economic policies, Premier Wen Jiabao said in a report posted on the central government's website Sunday.
China rebounded quickly from the global crisis on the strength of massive stimulus spending and record bank lending. But Communist leaders, who expect Europe's debt crisis to hurt demand for Chinese goods, say the recovery is still vulnerable to a downturn in trade.
"Right now our economic situation is good, but the domestic and international economic environment is very complicated," Wen was quoted as saying in the report.
China must "work to promote stable and relatively fast domestic economic growth, restructure the economy and manage inflation expectations to ensure the government's goals for 2010 are met."
Monday, July 5, 2010
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