InfoAnda - Wen urges innovation to fight crisis: state media

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Wen urges innovation to fight crisis: state media AFP - Monday, March 23 BEIJING (AFP) - - China's Premier Wen Jiabao has urged businesses to focus on upgrading and innovation to help ride through the global financial crisis, state media reported Sunday. ADVERTISEMENT "Chinese companies should focus on adjusting product structure, improving quality and upgrading technologies in the face of economic woes," Wen said during a visit to northeast China, the official Xinhua news agency said. Urging enterprises to move sooner rather than later, Wen said efforts should be stepped up to develop new products and foster intellectual property rights, Xinhua said. He once again emphasised the implementation of China's four-trillion-yuan (580-billion-dollar) stimulus package, unveiled in November to fight the impact of the crisis on the country's trade-dependent economy. A top official at the State Council, or cabinet, said earlier Sunday that the package was expected to contribute 1.5 to 1.9 percent to China's growth this year, Xinhua reported. China has set an economic growth target of about 8.0 percent this year, a level that the government says it needs in order to keep unemployment at a manageable level. However, just over a week ago, Premier Wen Jiabao admitted this target would be difficult to achieve. On Wednesday, the World Bank slashed China's economic growth forecast to 6.5 percent in 2009. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology Wen urges innovation to fight crisis: state mediaAFP - Monday, March 23 Third bidder joins race for SatyamAFP - Sunday, March 22 Google removes street images over privacy complaintsAFP - Saturday, March 21 iPhone porn goes 3DAFP - Saturday, March 21 Software lobby seeks greater role in U.S. securityReuters - Saturday, March 21 Enlarge Photo Workers produce the Chinese-made handsets "Spice" at a semi-hightech factory in Shenzhen, southern China's Guangdong province on December 2008.Wen Jiabao has urged businesses to focus on upgrading and innovation to help ride through the global financial crisis, state media has reported. Most Popular – Technology Viewed Prince Charles blue over green crusade Madoff loses bail appeal as victims' rage revealed Opel boss hints at closing German plants Obama budget deficit could hit 1.845 trln dlrs Arrest warrant issued for Lindsay Lohan View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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