Macau: Wen Jiabao praises measures taken by Macau, though notes global financial crisis will continue

20 April 2009

Macau, China, 20 April – China’s Prime Minister, Wen Jiabao, praised the Macau government’s efforts in facing the global financial crisis, though noted that the situation is going to continue for some time.

Wen Jiabao spoke on Saturday in Boao, in the province of Hainan, in the south of China, during a meeting with Chief Executive Edmund Ho Hau Wah, which took place on the sidelines of Boao Forum for Asia (BFA) Annual Conference 2009.

During the meeting Edmund Ho told Wen Jiabao about the economic and financial situation in Macau and the measures that the government put into practice to ease the impact the crisis has had on its people, according to news agency MacauNews.

According to a Macau government statement, the Chinese Prime Minister said that “the impact of the financial crisis is also quite significant in Macau, though the overall economy of the territory continues to be practically stable”.

“The measures taken by the Special Administrative Region of Macau deserve to be recognized,” said the head of the Chinese government.

Wen Jiabao also said that “the task of facing and overcoming this financial crisis will not be short, so it is preferable to do a good job in predicting the difficulties and proceed with preparatory work for a longer period.”

The Chinese Prime Minister noted it is necessary to have “an attitude that is even more active and dynamic” to overcome the difficulties that the financial crisis has brought. (macauhub)