March 1, 2012

Global economic outlook grim, China tells U.S. talks

Global economic outlook grim, China tells U.S. talks

photoCHENGDU, China (Reuters) – Chinese Vice-Premier Wang Qishan warned on Monday the global economy is in a grim state and that an “unbalanced recovery” might be the best option, at talks where senior U.S. officials said the mood at home towards China was souring. The remark marked Wang’s second dire comment on the world economy in just a few days. On Saturday, he said a “chronic” global recession was “certain” and China must focus on its domestic problems. …