China PM says economy still not yet on solid footing

China will stick to its current macroeconomic policies because the economy, while doing better, is still not yet on a solid footing, Premier Wen Jiabao said.

China PM says economy still not yet on solid footing

China will stick to its current macroeconomic policies because the economy, while doing better, is still not yet on a solid footing, Premier Wen Jiabao said on Monday.

In a statement on the government's website, www.gov.cn, Wen said Beijing would ensure a sustainable flow of credit and a "reasonably sufficient" provision of liquidity to support an economy that he said was facing fresh difficulties.

"We must clearly see that the foundations of the recovery are not stable, not solidified and not balanced. We cannot be blindly optimistic," Wen was cited as saying after a trip at the weekend to Zhejiang province.

Reuters
Last Mod: 24 Ağustos 2009, 13:31
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