Downturn will be overcome: Wen
16-02-2009
Premier Wen Jiabao has expressed confidence in his government's ability to overcome the nation's economic downturn. "We are fully confident that we have the conditions and the capability to overcome the challenges we are facing," Mr 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." Since announcing a four trillion yuan stimulus package to overcome the global economic downturn in November last year, Mr Wen has consistently expressed confidence that China's economy would continue its remarkable growth. But the 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.
