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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (5725)	5/6/2004 12:23:15 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

China's Wen Seeks Slowdown, Opposes `Sudden Braking' (Update4) May 6 (Bloomberg) -- Chinese Prime Minister Wen Jiabao said he is taking ``forceful'' steps to slow growth and inflation without triggering a slump in the world's seventh-largest economy. China needs to ``reduce the speed, but not a sudden braking'' in an economy that grew 9.1 percent in 2003, the fastest pace in seven years, Wen told a business forum during a visit to the European Commission in Brussels. China is studying the switch to a ``market-oriented'' foreign-exchange mechanism that won't come before an overhaul of the bank system, he said. quote.bloomberg.com