Monday, February 2, 2009

Wen sees signs of economy improving


Wen sees signs of economy improving
02-02-2009

Premier Wen Jiabao has said he had seen signs of a recovery in China's economic activity late last year after its runaway growth slowed abruptly. Speaking to a business audience during a visit to London, Mr Wen said that during the last 10 days of December the economy started to get better. He said the goods which had piled up in port started to decrease and the price of industrial products started to rise. China's economic growth slumped to 6.8 percent in the last quarter of 2008, dragging down the annual rate of expansion to a seven-year low of 9.0 percent. Earlier, British police arrested five pro-Tibet demonstrators in London protesting China's policies there. The protesters, waving Tibetan flags, broke through police ranks as Mr Wen arrived at the Chinese embassy in London.

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