New Delhi, Dec 13 : China is facing "worse-than-expected" risks of an economic downturn, as the global recession looms large, the country's top economic planner has said.
Zhang Ping, Minister of National Development and Reform Commission, said it is "still very hard" to predict when the worsening global financial crisis will hit.
This is the first time a senior Chinese official has outlined the domestic and global economic landscape while the financial crisis, sparked by the US sub-prime crisis, is still unfolding, the China Daily reported.
"Amid the domestic and global risks and uncertainties, coping with sliding economic growth is top of the government's work agenda," Zhang said.