免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

EU recovery takes time to take root

(Agencies)
Updated: 2009-06-23 22:28

LONDON/BEIJING: A stumble in sentiment punctured hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming trade dispute over raw materials.

Euro zone purchasing managers figures on Tuesday showed a recovery had stalled, although manufacturers fared better as, aided in part by government stimulus measures, they ran down stocks of goods to new lows.

Related readings:  No obsession with US-EU institutions: Scholar  EU vows economic leadership after assembly vote  EU official praises China's pork ban  China lauds agriculture co-op with EU  Premier Wen's EU tour boosts mutual trust, co-op

In Washington, the US administration readied measures to stem unemployment, while The United States and European Union were expected to launch a World Trade Organization case against China over its export restrictions on raw materials, industry sources said.

A Chinese central bank official said the country's economy is headed in the right direction and should recover faster than many others'. But the foundations of the rebound were not yet solid, he said, adding his to a chorus of voices cautioning against hopes of a quick upturn.

The world economy is struggling to overcome problems stemming from last year's housing and financial market meltdown against a background of continued tight credit conditions, the corporate sector's reluctance to spend and mounting job losses.

US Moves

US Trade Representative Ron Kirk was expected to launch WTO action against China at a news conference on Tuesday, industry sources said, though his office gave no details.

Barack Obama, who has focused his first five months as president on trying to end the recession, was likely to outline plans to create jobs and stem unemployment, which economists expect to hit 10 percent in coming months.

In his fourth White House press conference since taking office, the president was expected later on Tuesday to throw his weight behind legislative bids to reform healthcare and cut US greenhouse gas emissions.

In the euro zone, surveys hinted that the worst of a dark recession had passed, but that a recovery may well take time to take root.

In France consumer spending fell by more than expected in May, underlining concerns about fragile domestic demand, while in Germany a purchasing managers' index showed the rate of contraction in Germany's private sector accelerated in June.

   Previous page 1 2 Next Page  

   Previous page 1 2 Next Page