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Chinese premier stresses inflation control, policy fine-tuning

(Xinhua)

08:30, October 26, 2011

Chinese Premier Wen Jiabao (2nd R), makes remarks as he holds talks with leading officials from Tianjin, Inner Mongolia Autonomous Region and the provinces of Jiangsu and Shandong, in Tianjin Municipality, north China, Oct. 25, 2011. Wen made a two-day inspection tour in the Binhai New Area of Tianjin on Oct. 24 and 25. (Xinhua/Ma Zhancheng)

TIANJIN, Oct. 25 (Xinhua) -- China will maintain control of the intensity, pace and focus of economic regulations and properly fine-tune economic policies, Premier Wen Jiabao said Tuesday.

Keeping consumer prices stable will remain the government's top priority, Wen said.

Wen made the remarks during a two-day inspection tour of the Binhai New Area in northern port city of Tianjin, during which he held talks with leading officials from Tianjin, Inner Mongolia Autonomous Region and the provinces of Jiangsu and Shandong.

Policymakers should be sensitive to signs of new problems and make decisive moves accordingly, Wen said.

For the duration of this year, the government should consolidate the momentum of China's economic development and focus on outstanding problems while attaching more importance to improving people's livelihood, Wen said.

The government will maintain reasonable growth in bank lending and boost structural tax reductions, Wen said, adding that more financial support should be given to small and medium-sized enterprises and projects that improve people's well-being.

The government should also work to ensure adequate food supplies, improve the country's distribution system and strengthen price regulations in order to combat inflation, Wen said.

China will also maintain consistency and stability in its export policies to keep exports balanced and growing steadily, Wen added.

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