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.
Friday, August 14, 2009 MUMBAI: A 26-year-old woman died Thursday of H1N1 swine flu in the southern city of Bangalore, raising India's death toll from the virus to 20, authorities said.The death was the first reported in India's information technology capital, the Press Trust of India reported.Meanwhile in Pune, the worst-affected in India, two more victims of the virus died Thursday, raising the death toll in that western city near Mumbai to 12, the report said. The victims were an 11-month-old boy and a 75-year-old old woman.US media reported movie halls, schools and colleges were ordered closed Thursday for three days to a week in Mumbai, the commercial and financial capital of the country, as fear of the pandemic spread.Prajakata Lavangare, a spokeswoman for the government of Maharashtra state of which Mumbai is the capital, said similar orders were issued in Pune, which is also located in the state.The woman who died in Bangalore was identified only as Roopa, a teacher in...
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