China's Wen urges global action to calm markets
None
China's Premier Wen Jiabao urged nations to work together to stabilise turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn.
Speaking after a regular meeting by the Chinese cabinet, Wen alluded to debt problems in the United States and Europe and called on "relevant" countries to implement responsible monetary policies and rein in fiscal deficits. (Reuters)
