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Premier Warns of Challenges in Economy, Expresses Confidence

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Chinese Premier Wen Jiabao presides over a meeting on the government's work report in Beijing February 1, 2010. The Premier presided over five meetings from January 22 to February 1, to solicit opinions from representatives and experts from democratic parties, business circles and various citizen groups on the government's work report, which is to be submitted at the upcoming annual session of the National People's Congress. [Xinhua]

Chinese Premier Wen Jiabao warned that Chinese economy still faced challenges given the uncertainty in the outside and unbalanced development inside the country. But he expressed confidence China will overcome the challenges.

"The economic situation at home and abroad remains complex, with increased uncertainty in the international market," Wen said when presiding five symposiums from January 22 to February 1 to solicit opinions on the government's work report, which will be submitted at the upcoming annual session of the National People's Congress.

"There are still problems of imbalances and unsustainable development in China's economy," he said, adding that the country should be aware of and prepared for the coming challenges.

 

Chinese Premier Wen Jiabao (C) presides over a meeting on the government's work report in Beijing January 22, 2010. The Premier presided over five meetings from January 22 to February 1, to solicit opinions from representatives and experts from democratic parties, business circles and various citizen groups on the government's work report, which is to be submitted at the upcoming annual session of the National People's Congress. [Xinhua]

The Premier said China will maintain stable macroeconomic policies but also improve their flexibility. The goals of this year's macroeconomic policy is to balance economic growth, adjust the economic structure and manage inflation expectations, he said.

China beat the global financial crisis with a democratic and scientific approach to decision making, borrowing from experts' wisdom and taking into account citizens' concerns, he said.

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