Chinese Premier Vows To Keep Policies As Economy Still Faces Uncertainties

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Monday, Chinese Premier Wen Jiabao said the government will stick to its stimulative measures as the economy, while showing a better performance, is still facing various uncertainties.

"There are still a lot of unstable and uncertain factors ahead and the economic situation ahead is still very grave, although both the world economy and the national economy are making positive changes now," the government's official Web site quoted Wen as saying during a trip to east China's Zhejiang Province.

"We must clearly see that the foundations of the recovery are not stable, not solidified and not balanced. We cannot be blindly optimistic," Premier said.

Wen noted that lingering sluggish demand is likely to put pressure for some more time. He said effects of some short-term domestic policies may disappear gradually.

In July, Chinese President Hu Jintao said that the country would maintain its macro economic policies, a week after the country reported a rebound in growth in the second quarter. The Chinese central bank also pledged to maintain a moderately loose monetary policy.

Monday, Chinese Premier Wen Jiabao said the government will stick to its stimulative measures as the economy, while showing a better performance, is still facing various uncertainties. (Market News Provided by RTTNews)