Obama: Economy Shows Glimmers of Hope

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The premier of China says his country's economy is showing what he calls, "positive changes."

He credits Beijing's economic stimulus package for helping turn things around. He says the government will need to take more action to fight the financial crisis.

Many economists have hoped that China could help lead the world economy out of the global recession.

Meanwhile in the U.S., President Obama says he sees "glimmers of hope" in the U.S. Economy. But he says it's still under severe stressed and needs more help.

"We've still got a lot of work to do," Obama said. "And over the next several weeks, you will be seeing additional actions by the administration."

The president says the credit markets are starting to open up. And analysts expect the stock market to continue its recent rally in the weeks ahead.

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