Profile: Wang Qishan: Rise of a troubleshooter (2)

（Xinhua） 08:27, December 26, 2012

File photo taken in March 1999 shows Wang Qishan speaks within the delegation of south China's Guangdong Province while attending the 2nd Session of the 9th National People's Congress (NPC). (Xinhua)

TROUBLESHOOTER

Wang's star rose with the fall of China's inflation.

He and his team faced a tough challenge when he became vice premier in charge of finance and trade in 2008: to tame rising inflation while maintaining economic growth.X China's consumer price index (CPI) rose to an 11-year high of 7.1 percent in January 2008, becoming a top concern for the government.

To make matters worse, the global financial crisis started to sweep the world at the end of that year, creating an adverse external environment for the Chinese economy.

The CPI dropped to a 33-month low of 1.7 percent in October this year.