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China's premier says economy better than expected

BOAO: China's Premier Wen Jiabao said Saturday that the country's stimulus package is working and the economy is``better than expected.''He also vowed to expand the country's domestic demand and pull China out of the global economic slump. Wen spoke at the Boao Forum, an annual gathering of government and business leaders on the southern island province of Hainan.Wen said he is confident China can overcome the crisis but cautioned that global economic recovery will be a ``long and torturous process.'' ``We should not lose sight of the fact that the international financial crisis is still spreading, the basic trend of world economic recession is not reversed,'' he said.China has sufficient capital and rich labor resources, as well as institutional advantages to overcome the crisis, he said. Wen's comments came just days after China announced its economy expanded at its slowest pace _ 6.1 percent _ in at least a decade in the first quarter.

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