In a two-hour speech outlining his “work report” to the National People's Congress, China's parliament, Mr Wen said the global financial crisis was deepening but the goal of 8 per cent growth was still realistic.
“The global financial crisis continues to spread and get worse. Demand continues to shrink on international markets; the trend toward global deflation is obvious; and trade protectionism is resurging,” he said.
But “as long as we adopt the right policies and appropriate measures and implement them effectively, we will be able to achieve this target”, he added.
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