• Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

  • Long live your gadget

    Real gadget protection tends to cost real money, writes Arthur Goldstuck.

  • Taking SA for a ride

    The ANC seems to think all South Africans are idiots, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

Premier warns of economic slowdown

Jul 08 2012 14:07 Sapa-AP

Related Articles

Investors stampede from risky assets

Asian shares down

Oil, soft China growth a risk to GDP

Slower China economy worries Western firms

BlackRock, China’s CIC to launch fund

China's manufacturing weakens

 

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
NEXT ON FIN24X

 
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

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