China's premier warns of 'huge pressure' on economy to slow down further
BEIJING, China - China's economy faces "huge pressure" to slow further despite stimulus measures, Premier Wen Jiabao said Sunday, damping hopes for a quick recovery from the deepest slump since the 2008 global financial crisis.
Companies and investors are closely watching the world's second-largest economy for signs of a further slowdown which could have global repercussions by hurting Chinese demand for goods from the United States, Europe and other struggling economies.
"The economy is running at a generally stable pace, but there is still huge pressure for it to go downward," the official Xinhua News Agency paraphrased Wen, the country's top economic official, as saying during a weekend visit to eastern China.
Read the full article
here.