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New York Times blocked in China over Wen Jiabao wealth story

The New York Times says access to its website is being blocked inside China after it published an investigation into wealth accumulated by relatives of Chinese Premier Wen Jiabao.


China's Wen says economy still under pressure

China's economy is still facing big downward pressure and the foundation of a recovery is not yet solid, Chinese Premier Wen Jiabao said during a trip to the country's coastal Zhejiang province, state radio said on Wednesday.


China cuts growth target to 8-year low, to boost consumption

Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.


Europe stock futures drop on bank downgrades

European stock futures declined Wednesday as Moody’s Investors Service downgraded Societe Generale SA and Credit Agricole SA and Chinese Premier Wen Jiabao said developed nations should not rely on China to bail them out. U.S. futures and Asian shares dropped.


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