Slowdown Threatens Stability, Says China PM-- Financial Times
Wen Jiabao, China’s prime minister, warned that high growth was needed to maintain social stability as fresh evidence emerged on Monday that China’s economy was slowing quickly.
In an article in a Communist party magazine, Mr Wen said 2008 was “the most difficult year in recent years” and maintaining high growth was the priority.
“We must be crystal-clear that without a certain pace of economic growth, there will be difficulties with employment, fiscal revenues and social development . . . and factors damaging social stability will grow,” he wrote in the magazine, Seeking Truth.
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My Comment: A warning from China .... our stability is in your best interests. Cannot be more blunt than that.
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