Wen Says China in ‘Good Shape,’ Signaling Confidence
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China’s Premier Wen Jiabao said the world’s fastest-growing economy is in “good shape,” while cautioning that rising property prices threaten to stoke unrest.
“China’s economy is now in good shape, featuring fast growth, gradual structural improvement, rising employment and basic price stability,” Wen said yesterday at the World Economic Forum’s Summer Davos meeting in China’s northern port city of Tianjin.