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China's premier says stimulus moves not over-media

Sun Dec 14, 2008 6:58am EST

BEIJING, Dec 14 (Reuters) - Chinese Premier Wen Jiabao said on Saturday measures to stimulate the Chinese economy were not yet over, according to the website of Hong Kong's Phoenix TV.

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"I keep thinking every day whether the dynamics of these measures are sufficient, whether they can solve the problems," he was quoted as saying before he returned from Fukuoka in Japan where Japan, China and South Korea agreed to work together to tackle the global financial crisis.

"So we must further consider more direct, powerful and effective measures to stimulate economy," he said.

He was speaking following a pledge by the top leadership last week to take measures to stimulate domestic demand as the economy slows due to the global financial crisis, and comes on the heels of a 4 trillion yuan ($586 billion) stimulus package announced last month as well as repeated interest rate cuts. [ID:nPEK95037] (Reporting by Li Jiansheng and Nick Macfie; Editing by Greg Mahlich)



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