Jiang on Asian crisis

Jiang on Asian crisis

BEIJING (AFP): China is "very concerned" about Asia's financial crisis, President Jiang Zemin said in a speech Wednesday to mark the end of a momentous year for his country.

"We are very concerned about the financial turmoil in some countries and regions," said Jiang, who also admitted that China was also burdened with its owns economic problems.

He added though that "we believe that through the efforts of these countries and regions and relevant international cooperation, the situation will get better step by step."

Jiang said "Though we still face many difficulties in economic growth and social progress, we surely can overcome them and continue to make steady progress, for we have the guidance of Deng Xiaoping theory."