China's Wen: second global downturn possible

31/05/2010 - 3:57

TOKYO (Reuters) - Chinese Premier Wen Jiabao warned on Monday that global economic growth remained vulnerable to sovereign debt risks and the possibility of a second downturn, while saying his own country's growth remain on track.

"The world economy is stable and beginning to revive, but this revival is slow and there are many uncertainties and destabilizing factors," Wen told a meeting with Japanese business leaders in Tokyo.

Wen mentioned problems of countries including Greece and added: "Is this phenomenon over? Now it seems that it is not so simple."

(Reporting by Chris Buckley)