Effect of crisis on China “worse than expected”
November 14th, 2008
Ma Jiantang, who is the National Bureau of Statistics Director, quoted Premier Wen Jiabao’s words “worse than expected” when he expressed the effect of the global financial storm on China on Tuesday.
After the central government announced last Sunday a 4 trillion yuan ($586 billion) stimulus package to boost the economy, it is the first time the personal evaluation of the premier was made public on the situation.
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