Premier vows to manage inflation
Source: Xinhua |
February 28, 2010, Sunday
|
Print Edition
Print Edition
PREMIER Wen Jiabao said yesterday a key task will be to manage inflationary expectations this year to consolidate recovery of the domestic economy.
Wen said 2010 will be "the most complicated year" for the domestic economy, but that he was confident about China's economic development.
He said China must manage well the relationship between structural adjustments in the economy and the change in the development model, while keeping inflation in check.
Wen made his remarks in an online chat with Netizens in China for more than two hours.
China would take steps to curb speculative demand for property and punish developers who hoard land and finished houses in anticipation of price gains, he said.
"I really understand the complaints," Wen said, "Housing prices in some cities rise too fast.
"It's the government's responsibility to guide the property market," he said.
On the Sino-US trade relationship, Wen urged the United States to open exports of hi-tech products to China and acknowledge China's market economy status.
"We expect both countries to open markets to each other," he said.
Wen recalled a joke he had told in a speech during a visit to the US when he said the United States actually exports two products to China - soybeans and airplanes.
"In fact, if the United States loosens restrictions over the exports of some hi-tech products to China, the bilateral trade surplus will narrow," he said.
"You should not let Chinese always eat beans on airplanes," he added jokingly.
Wen said 2010 will be "the most complicated year" for the domestic economy, but that he was confident about China's economic development.
He said China must manage well the relationship between structural adjustments in the economy and the change in the development model, while keeping inflation in check.
Wen made his remarks in an online chat with Netizens in China for more than two hours.
China would take steps to curb speculative demand for property and punish developers who hoard land and finished houses in anticipation of price gains, he said.
"I really understand the complaints," Wen said, "Housing prices in some cities rise too fast.
"It's the government's responsibility to guide the property market," he said.
On the Sino-US trade relationship, Wen urged the United States to open exports of hi-tech products to China and acknowledge China's market economy status.
"We expect both countries to open markets to each other," he said.
Wen recalled a joke he had told in a speech during a visit to the US when he said the United States actually exports two products to China - soybeans and airplanes.
"In fact, if the United States loosens restrictions over the exports of some hi-tech products to China, the bilateral trade surplus will narrow," he said.
"You should not let Chinese always eat beans on airplanes," he added jokingly.
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