Premier Wen: China can rein in inflation

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Premier Wen Jiabao is confident that China can keep inflation under control this year.

In Friday's edition of the Financial Times, Wen wrote that "there is concern as to whether China can rein in inflation and sustain its rapid development.

My answer is an emphatic yes." Premier Wen, who begins a visit to Europe this week, says rapid price rises pose a challenge to many countries and to emerging economies in particular.

In combating the problem in China, Wen says the government has made inflation the priority of macro-economic regulation and introduced a host of targeted policies. He says they're already working.

Earlier this week, we reported that China's top economic planner said the country's CPI in June will be even higher than May's, but will moderate in the second half of the year.

Editor:Zhang Pengfei |Source: CNTV.CN


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