11/04/2008

Chinese PM says slowdown threatens stability

FT Nov.4.2008
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Wei Jabao, China's prime minister, warned that high growth was needed to maintain social stability as fresh evidence emerged yesterday that China's economy was slowing quickly.

Slowdown fears in China were exacerbated(募らせる、悪化させる) by two surveys of the manufacturing sector which both showed a sharp decline.

The steepest monthly fall and the lowest point since the index was started in 2004.

Stephen Roach , chairman of Morgan Stanley Asia, said the flurry(混乱) of recent announcements could indicate that Chinese authorities knew growth had already dipped(急に下がる) below 8 per cent.

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