Latest News:  
Beijing   Sunny/Cloudy    16 / 5   City Forecast

Home>>China Business

Wen pledges fine-tuning to keep economy strong

By Zi Chen (Shanghai Daily)

08:12, October 26, 2011

Chinese Premier Wen Jiabao said yesterday that the government will "fine-tune" its macroeconomic policies and maintain "reasonable" credit growth after economic expansion slows and inflation eases.

The comments indicated the authorities may temporarily stop further tightening, such as hikes in interest rates. But an immediate policy easing in all sectors is unlikely to prevent a rebound in inflation, market watchers said.

"We will fine-tune our policy at an appropriate time and by an appropriate degree," Wen told an economic summit in Tianjin, which was attended by top government officials from the municipality, Inner Mongolia Autonomous Region, Shandong and Jiangsu provinces.

Although still stressing the importance of controlling inflation, Wen noted that lending growth should be sustained to "focus on developing the real economy," while policies must reflect "the changing trend of the economic growth."

At the summit, provincial government officials and company executives expressed concerns that capital-strapped small firms in China are facing pressure from slowing exports and tight bank lending, in addition to higher raw material prices.

【1】 【2】


Leave your comment0 comments

  1. Name


Selections for you

  1. Qinghai Provincial Science and Technology Museum opens

  2. Uygur culture -- snapshots of life in Xinjiang

  3. Boeing 737-900ER demonstrated in Beijing

  4. Heavy snowfall hits NE China's Heilongjiang

Most Popular


  1. Sharing China's poverty alleviation experience
  2. Does China's space program threaten US?
  3. US cannot export its crisis
  4. Arab Spring: Turbulence or Revolution?
  5. Five highlights expected at EU Summit
  6. Online business order remains in infancy
  7. Why Chinese students enjoy playing truant?
  8. China's GDP: Quality vs. quantity?
  9. What does Clinton's 'Pacific Century' mean?
  10. Chinese should see warning in Western demos

What's happening in China

Home prices decline in suburbs

  1. China's bank watchdog to promote small business
  2. Teacher fired for punishing boy with a saw
  3. Shanghai sees six-year low in housing sales
  4. China's police begin to arrest "runaway bosses"
  5. China creates 9.94 million new jobs

PD Online Data

  1. Spring Festival Customs
  2. New Year´s First Meal
  3. Firework and Firecracker
  4. Chinese Character "Fu"
  5. Spring couplets