Chinese premier stresses inflation control, policy fine-tuning

properly, Premier Wen Jiabao said yesterday.
Keeping consumer prices stable will remain the top priority for the government, Wen said.

Wen made the remarks during a two-day inspection tour of the Binhai New Area in north China’s port city of Tianjin, during which he held talks with local officials from Tianjin, the Inner Mongolia Autonomous Region and the provinces of Jiangsu and Shandong.
Policymakers should be sensitive to signs of new problems and make accordingly, decisive moves, Wen said.

For the duration of this year, the government should consolidate the momentum of China’s economic development.
China will focus on outstanding problems while attaching more importance to improving livelihoods, Wen said.

The government will maintain reasonable growth in bank lending and boost structural tax reductions, Wen said.
He added that more financial support should be given to mid- and small-sized enterprises and projects that improve the people’s well-being.

The government should also work to ensure food supplies.
It should strive to improve the country’s distribution system and strengthen price regulations in order to combat inflation, Wen said.

China will also maintain consistency and stability in its export policies to keep exports balanced and growing steadily, Wen added. – Xinhua.

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