SLOWDOWN THREATENS STABILITY, CHINA SAYS

In an article in a Communist party magazine, Mr Wen said 2008 was “the most difficult year in recent years” and maintaining high growth was the priority.

“We must be crystal-clear that without a certain pace of economic growth, there will be difficulties with employment, fiscal revenues and social development. . . and factors damaging social stability will grow,” he wrote in the magazine, Seeking Truth.

Slowdown fears in China were exacerbated by two surveys of the manufacturing sector which both showed a sharp decline.

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