[Pen-l] China concerned for "social stability"

["Chris Burford" <cburford@xxxxxxxxxx>]

Reuters Nov 2

http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081102


Chinese Premier Wen, writing in the ruling Communist Party's ideological 
journal, warned of growing domestic social risks from a global economic 
downturn.

"Against the current international financial and economic turmoil, we must 
must give even greater priority to maintaining our country's steady and 
relatively fast economic development," Wen wrote in Seeking Truth (Qiushi).

"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."

China cut interest rates on Wednesday for the third time in six weeks to 
help the world's fourth-largest economy ride out the reverberations of the 
global financial crisis."



- he means unemployment.

Chris Burford






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