Wen says top priority is stability in prices
Source: Xinhua |
April 11, 2011, Monday
|
Print Edition
Print Edition
PREMIER Wen Jiabao has urged efforts to maintain the stability and continuity of macro regulation and prevent excessive price increases and drastic economic fluctuations.
Wen made the remarks during a two-day inspection tour in eastern Zhejiang Province that ended on Saturday.
Keeping overall price levels stable was the top priority, Wen said.
To this end, the central government has made overall arrangements, including controlling issuance of money, boosting production, ensuring supply, improving distribution networks and enhancing supervision and monitoring. Local governments must implement these measures to the full, he said.
Wen said local governments should take responsibility for tightening regulation in the property market, as the problems of supply and prices would affect social stability and healthy economic development. He also reiterated the central government's determination to rein in house prices.
The central government has introduced a series of measures since the beginning of last year to curb property prices, but they remain stubbornly high.
China will continue to implement prudent monetary policies and use multiple price tools, such as open-market operations, reserve requirement ratios, interest rates and foreign exchange rates, to eliminate the monetary basis for inflation, he said.
The premier urged efforts to better manage the relationship between taming inflation and promoting economic growth. He also said China would focus on maintaining a stable increase in foreign trade this year and optimizing its structure.
Wen made the remarks during a two-day inspection tour in eastern Zhejiang Province that ended on Saturday.
Keeping overall price levels stable was the top priority, Wen said.
To this end, the central government has made overall arrangements, including controlling issuance of money, boosting production, ensuring supply, improving distribution networks and enhancing supervision and monitoring. Local governments must implement these measures to the full, he said.
Wen said local governments should take responsibility for tightening regulation in the property market, as the problems of supply and prices would affect social stability and healthy economic development. He also reiterated the central government's determination to rein in house prices.
The central government has introduced a series of measures since the beginning of last year to curb property prices, but they remain stubbornly high.
China will continue to implement prudent monetary policies and use multiple price tools, such as open-market operations, reserve requirement ratios, interest rates and foreign exchange rates, to eliminate the monetary basis for inflation, he said.
The premier urged efforts to better manage the relationship between taming inflation and promoting economic growth. He also said China would focus on maintaining a stable increase in foreign trade this year and optimizing its structure.
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