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China to properly fine tune macro policy, price control continues

(Xinhua)

13:59, October 30, 2011

Chinese Premier Wen Jiabao speaks at a State Council executive meeting in Beijing, capital of China, Oct. 29, 2011. China will make proper fine tuning on its macro policy, keeping it "more targeted, flexible and forward-looking," and continue measures to control consumer prices, China's State Council, or Cabinet, said Saturday. (Xinhua/Li Xueren)

BEIJING, Oct. 29 (Xinhua) -- China will make proper fine tuning on its macro policy, keeping it "more targeted, flexible and forward-looking," and continue measures to control consumer prices, China's State Council, or Cabinet, said Saturday.

The government should maintain control of the intensity, pace and focus of economic regulation and grasp the changes in economic development trend, according to a statement released after a State Council executive meeting chaired by Premier Wen Jiabao.

China's economy has maintained a stable and rapid development this year, with domestic and external demand more balanced and inflation initially under control, it said.

But faced with new problems in the complicated global and domestic economic conditions, Chinese policymakers should keep clear-minded and get fully prepared for next year, said the statement.

China should take pre-measures or fine tune its macro economic regulation at a proper time and at a proper degree, it said.


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Observer at 2011-10-31222.127.65.*
As much as you would like to believe that you can regulate and control the countries economy, you should be aware that in a global market, this is not possible.
  

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