China Premier reiterates fight against inflation
Chinese Premier Wen
Jiabao vowed again to step up efforts to keep consumer inflation in
check in 2011, state media reported on Sunday.
“The central
government has taken a slew of steps to stabilise prices. We will put
it higher up on our agenda,” state television quoted Wen as saying,
repeating the top leadership’s line since inflation hit a 28-month high
in November.
Wen made the remarks in a New Year trip to supermarkets and herdsmen’s homes in the northern Inner Mongolia Autonomous Region.
China raised interest rates twice and increased bank reserve
requirement ratios six times in 2010 as it moved to normalise monetary
policy to absorb excess liquidity.
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