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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 Singapore Asia Pacific World Search Search: China confident of overcoming economic difficulty: Wen AFP - Monday, February 16 BEIJING (AFP) - - China's Prime Minister Wen Jiabao expressed confidence in his government's ability to overcome the nation's economic downturn, his cabinet said Sunday. ADVERTISEMENT "We are fully confident that we have the conditions and the capability to overcome the challenges we are facing," Wen was quoted as saying in comments posted on the government's website. "We should fully realise the severity and uncertainty of the global financial crisis... and take firmer action." Wen's comments came in meetings last week as he sought input from diverse sectors of society for his annual government work report to be read before the nation's parliament on March 5. "This year's government work report should be a report that strengthens confidence and a report that implements action," Wen said. Since announcing a four trillion yuan (585 million dollar) stimulus package to overcome the global economic downturn in November last year, Wen has consistently expressed confidence that China's economy would continue its remarkable growth. But his nation's economy slowed dramatically at the end of 2008 as the full force of the crisis hit home, dragging growth in the world's third-largest economy to a seven-year low. China's economy expanded by just 6.8 percent in the final quarter, pulling the full-year growth figure down to 9.0 percent, the National Bureau of Statistics reported last month. Coming after 13.0 percent growth in 2007, the figures offered the most complete picture yet of just how severely the world crisis has hit China's export-dependent economy. More than 20 million migrant workers, the engine of the nation's economy, have already lost their jobs due to the turndown. 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: China's Economy China's Changan Auto to buy back B sharesReuters - 1 hour 37 minutes ago China confident of overcoming economic difficulty: WenAFP - Monday, February 16 Japan to launch 'fresh stimulus package'AFP - Monday, February 16 India pre-poll budget 'to have populist streak'AFP - Sunday, February 15 Related Articles: Business GLOBAL MARKETS WEEKAHEAD-Euro faces stress testReuters - 57 minutes ago S.Korea banks vow to use $15 bln fund, up lendingReuters - 1 hour 3 minutes ago China's Changan Auto to buy back B sharesReuters - 1 hour 37 minutes ago Israel Fin Min to hold auctions for forex depositsReuters - 1 hour 39 minutes ago US-BUSINESS SummaryReuters - 2 hours 9 minutes ago Enlarge Photo China confident of overcoming economic difficulty: Wen Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Seductive chemicals hidden in sloppy kisses Climate change could be even worse than feared Swiss banks go back to basics Saudi king shakes up government In defence of bonuses: experts warn on banker pay caps 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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