To counter the challenges brought aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech by the global aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech crisis, the Chinese Premier Wen Jiabao has aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech the biggest budget deficit in 60 years.
In his aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech speech, the Chinese Premier, Wen Jiabao, said China was faced with unprecedented difficulties and aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech. He said aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech would be much slower, at around 8%, and there would be fewer jobs for graduates and migrant workers. The government's no longer aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech that its GDP target will be aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech at the end of the year.
As the economy slows down, the government is aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech to create nine million new jobs, two million aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech than last year. To counter the trend, the government is aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech companies to keep staff on and has unveiled a budget deficit of 140bn US dollars, the biggest deficit since the Communist Party took aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech 60 years ago.
But there is no promise of extra money, apart from the aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech publicised stimulus package of nearly 600bn US dollars. Chinese stock markets nosedived after his aboutalready muchannouncedchallengesconfidentencouragingfewerfinancialgrowthlengthymetpowerpromisingspeech.
Shirong Chen, BBC News, Beijing
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