Lingering recession
While China is often pointed to by the rest of the world as a rare bright spot on the global economic map, that feeling doesn't appear to be mututal.
In comments over the weekend during trade talks with the United States, China's Vice Premier Wang Qishan said Beijing fears a lasting global recession has taken hold. Wang, speaking at the China-US Joint Commission on Commerce and Trade in the western city of Chengdu, called the current world economic problem "severe" and said the financial pain is sure to last.
"The current global economic situation is extremely severe," Wang said over the weekend, according to the official Xinhua news agency. "Amid uncertainties, the one thing we can be sure of is that the global recession caused by the international financial crisis will be extended."
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.