China PM says his country ‘on track to hit growth targets’September 11, 2012 - 17:57 AMT PanARMENIAN.Net - China's Prime Minister, Wen Jiabao, has told the World Economic Forum in Tianjin that his country is on track to hit growth targets for this year, BBC News reported. He also called on international leaders to strengthen co-ordination and oppose trade protectionism during the global economic slowdown. His address comes amid signs that China's economy may be slowing faster than previously thought. Manufacturing and export growth have slowed, while imports have dipped. But Mr Wen said: "We are fully confident that we have the conditions and capability to overcome difficulties on the way ahead, maintain fast and stable economic growth and realize development at a higher level and with better quality. "The economic growth is still within the target range set at the beginning of the year and is showing stabilising signs despite the slowdown." He gave little detail on specific policies designed to stimulate slowing growth. But he did call for world leaders to work together to boost global growth. "I hope that the international community will strengthen macroeconomic policy co-ordination, push forward reform of the global governance structure, resolutely oppose trade and investment protectionism, and work jointly for an early, steady recovery of the world economy," he said. China's exports have been hurt by slowing demand from key markets such as the US and eurozone. And because the economic climate in those two regions has failed to improve, the sector is likely to see slowing growth in the coming months. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. |