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.
Washington - President Barack Obama on Tuesday said the government's efforts to pull the US economy out of a devastating recession were beginning to show signs of progress. "By no means are we out of the woods just yet. But from where we stand, for the very first time, we are beginning to see glimmers of hope," Obama said in prepared remarks released by the White House ahead of a speech on the economy, picking up on the more upbeat tone he first sounded last week.
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.
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.
New York - The c
