China economy at a critical phase says the Premier

Sept 2nd 2009 :
China’s Premier Wen Jiabao said the economy is at a “critical phase” of its recovery and the government won’t change the direction of economic policies, the official Xinhua news agency reported.

China will stick to its pro-active fiscal policy and moderately loose monetary policy, Xinhua cited Wen as saying during a meeting with World Bank President Robert Zoellick in Beijing today. “We will not change the orientation of our policy,” he said.
Via Bloomberg
China raises fuel prices for the fourth time this year as crude oil advances. (Asia Confidential)