BREAKING NEWS

China's Wen says taming inflation threat priority for 2011

By REUTERS

MARCH 5, 2011 02:30

BEIJING - China's Premier Wen Jiabao said on Saturday that inflation was affecting social stability and taming it was a top priority for this year, while the government would aim for economic growth of about 8 percent.

In China's version of a "State of the Union" address, Wen told the annual parliament session that the government would aim to keep inflation at about 4 percent, and the deficit at 2.0 percent of GDP.

"Recently, prices hace risen fairly quickly and inflation expectations have increased. This problem concerns the people's well-being, bears on overall interests and affects social stability," he said.

Wen's comments were in the text of his annual work report to the National People's Congress.

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