• Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

  • #Budget2016

    Possible steps that can be taken in the National Budget to avert a junk status.

  • No ordinary SONA

    A weak president presiding over a racially polarised nation faces a serious task.

All data is delayed
Loading...
See More

Premier warns of economic slowdown

Jul 08 2012 14:07
Sapa-AP

Beijing - Premier Wen Jiabao says China's economy faces huge pressure to slow further despite stimulus measures. Wen's remarks damp hopes for a quick recovery from the country's 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.

State media said Sunday that Wen promised to "fine-tune" the country's economic policies, but no details or new initiatives were reported. Wen said the government will press ahead with tax changes that would reduce the burden on many taxpayers, but gave no timetable.

Growth fell to a nearly three-year low of 8.1 percent in the first quarter.

china

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote

Loading...