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Submitted by unname1 on Fri, 06/24/2011 - 16:10
Chinese premier Wen Jiabao has said that China can control inflation and maintain its robust growth.

Writing in the Financial Times newspaper, Mr Wen said "price rises will be firmly under control this year".

He said while the world is still recovering from the global financial crisis, new challenges have emerged. Countries must 'co-operate closely' to deal with those risks, he added.

The comments come at a time of growing concern over China's high inflation rate.

There are fears that the high prices may derail domestic and global growth, and could spark civil unrest.

Mr Wen tried to allay those fears. "There is concern as to whether China can rein in inflation and sustain its rapid development. My answer is an emphatic yes," he wrote in the newspaper.

In May, inflation in China hit its highest level for 34 months, mainly driven by gains in food costs.

However, Mr Wen insisted that the steps China has taken this year to bring prices down have worked.

China's central bank has raised interest rates four times since October last year.

VOVNews/BBC

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