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Chinese premier tours farm produce markets, easing price hike concern
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09:51, August 05, 2007

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Chinese Premier Wen Jiabao assured the public Saturday that the government would surely be able to ensure supply and stablize prices as the nation has achieved steady and fast economic growth for several years with good harvests of grain crops and rapid industrial growth.

Wen was addressing the public concern over price hikes after the country''s consumer price index hit a 33-month-high of 4.4 percent in June. Several industries including catering and oil have started to raise prices and trigger public complaints.

To get first-hand information about the markets, Wen came to the Xinfadi farm produce wholesale market, the largest of its kind in Beijing, in the morning.

Pork vender Qian Guangping complained to Wen that rising pork prices had dented demand and cut his sales from the previous 600 kilograms per day to 500 kilograms. "I earned much less now. When do you think the price will fall?" he asked.

"As pig breeding has a production cycle, it will take some time," Wen said, assuring him that the government has taken a package of policies.

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