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M. Continuo

China on track to meet 2012 growth target, Wen says


    TIANJIN, China (Reuters) - China is on track to meet this year's target for economic growth and the government is giving greater prominence in policymaking to stabilizing the economy, Premier Wen Jiabao said on Tuesday.

    Wen, speaking at a meeting of the World Economic Forum held in China's eastern port city of Tianjin, said he was confident of keeping the economy on a track of steady and relatively fast growth.

    Wen's comments come after China's President Hu Jintao warned at the weekend that the world economy is hampered by "destabilizing factors and uncertainties" and that the 2008/09 financial crisis is far from over.

    Hu promised China would do all it can to foster a global recovery by rebalancing its economy.

    (Reporting by Aileen Wang and Melanie Lee; Editing by Nick Edwards)