China’s Wen says price controls top priority

Author: 
Reuters
Publication Date: 
Tue, 2011-07-12 23:44

The reiteration of Beijing’s policy stance, which was published on the central government’s website, comes after official data showed inflation in June quickened to a three-year high of 6.4 percent, driven by soaring food costs.
Wen also said the government would use “various” monetary policy tools to fight inflation, but he did not elaborate.

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