Arab Today, arab today china\s wenprices \ wil be contained \
Last Updated : GMT 00:12:18
Arab Today, arab today
Arab Today, arab today

China\'s wen : prices \' wil be contained \'

Arab Today, arab today

Arab Today, arab today China\'s wen : prices \' wil be contained \'

Beijing - AFP

Chinese Premier Wen Jiabao said he was confident the government would bring inflation under control this year, in comments carried by state media Friday, even as consumer costs keep soaring. \"There is concern as to whether China can rein in inflation and sustain its rapid development. My answer is an emphatic \'yes\',\" Wen was quoted by the official Xinhua news agency as saying. The comments were published as Wen began a three-country tour of Europe, landing in Budapest on Friday before visiting London and Berlin on a trip expected to focus on economic issues. \"The overall price level is within a controllable range and is expected to drop steadily. We are confident price rises will be firmly under control this year,\" Wen said, noting rapid price increases had affected many countries. Beijing -- anxious about inflation\'s potential to trigger social unrest -- has been pulling on a variety of levers to rein in food and housing prices, such as restricting bank lending and repeatedly hiking interest rates. Wen said the \"host of targeted policies\" introduced by the government \"have worked\" -- despite inflation hitting 5.5 percent in May, the highest level in nearly three years and well above the official annual target of four percent. While the world\'s second-largest economy is showing signs of slowing, analysts expect authorities to hike rates for the fifth time since October in the coming weeks as Beijing battles to stem a flood of credit in the economy. The government has been reluctant to aggressively raise rates for fear of triggering an explosion in bad debts following years of rampant bank lending. China\'s top economic planner said this week that the inflation rate was likely to accelerate in June before easing in the second half of the year. In the commentary, Wen said China\'s efforts to fight the global downturn -- a $586-billion spending spree -- was designed to \"expand domestic demand and stimulate the real economy ... and make growth domestically driven\". \"A notable result of our response to the crisis is that China has maintained steady and fast growth,\" Wen said, pointing to the blistering economic growth of the past three years. GDP grew 9.7 percent in the first quarter of 2011. But there are fears the Asian powerhouse could be heading for a hard landing after recent data showed that manufacturing activity hit an 11-month low in June and year-on-year auto sales fell for two straight months in April and May.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s wenprices \ wil be contained \ Arab Today, arab today china\s wenprices \ wil be contained \

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday