Beijing - Chinese Premier Wen Jiabao said the economy showed better than expected improvement in the first quarter, according to state media on Sunday. Speaking to reporters in Thailand, the premier said that while down on last year's figures, imports and exports were growing on a month-on-month basis, the official Xinhua news agency reported.
Domestic demand and investment in fixed assets also rose, Wen said, indicating that some sectors and enterprises in China were starting to show gradual recovery.
Beijing - The growth rate of China's foreign exchange reserves has significantly slowed, according to latest figures from the country's central bank. The reserves, the world's largest, rose 16 per cent year-on-year to 1.95 trillion dollars by the end of March, the Peoples' Bank of China indicated on Saturday.
Washington - President Barack Obama on Friday pointed to some signs of progress for the US economy, which is going through one of its longest and deepest recessions since the Great Depression. "What you are starting to see is glimmers of hope across the economy," Obama said after a meeting at the White House with Federal Reserve Chairman Ben Bernanke and other economic advisors.
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Amman - Two agreements were signed in Amman Thursday under which the German government extended 92.5 million euros (122.8 million dollars) in economic aid to Jordan, an official statement said.
Tokyo - Japan's key machinery orders unexpectedly rose for the first time in five months in February, giving rise to hopes for a recovery in capital spending and an easing of the recession.
