Chinese vice premier backs UK austerity drive

[Joanne98]

Source: AFP

LONDON — Chinese Vice Premier Li Keqiang has backed Britain's austerity drive to tackle its huge deficit, in another vote of confidence in a European recovery as his three-nation tour neared an end.

Li, widely tipped to be the next premier, praised the "ambitious plans" to help economic recovery unveiled by the coalition government, ahead of the end of his European trip in Britain on Wednesday.

"The British coalition government, in a continued effort to counter the financial crisis, has unveiled ambitious plans to spur economic growth," he told an audience at the China-Britain Business Council in London late Tuesday.

Li said slashing the fiscal deficit was one of a number of ways in which Britain was seeking to boost its recovery, according to a translated copy of his speech.



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How infuriating!

[JDPriestly]

1. Free trade and our multinational companies have enabled China's inevitable

rise to dominance in the world. And in record time.

Goodbye democracy. How sad -- to be sold for 12 pieces of silver so to speak.

Now we know. Excessive greed is the enemy of democracy.