Wen Says China’s Economic Recovery Yet to Show Momentum

China’s Premier Wen Jiabao warned that the nation’s recovery is yet to build up momentum, fueling speculation that extra economic support measures may be announced after a cabinet meeting this week.

“It should be clearly understood that the momentum for a stable rebound in the economy has not yet been established,” Wen said during an inspection tour in southwest Sichuan province, according to a Chinese-language report from the official Xinhua News Agency yesterday. At the same time, expansion is within the targeted range and measures to stabilize growth are “bearing fruit,” he said.