Reuters: Top News: Growth China's top priority, inflation key risk: NDRC

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Growth China's top priority, inflation key risk: NDRC Mar 18th 2012, 02:43 Tweet Share this Email Print Related News China's Wen bets final year on reform push Wed, Mar 14 2012 HIGHLIGHTS-China Premier Wen Jiabao's comments at NPC press conference Wed, Mar 14 2012 China to be more creative with FX reserves: central bank Sun, Mar 11 2012 Import surge sends China trade to decade-deep deficit Sat, Mar 10 2012 China factory, inflation data set to signal looser policy Fri, Mar 9 2012 Analysis & Opinion Dollars everywhere – so where's the inflation? China has much to gain from rare earths fight Customers use computers at an internet cafe in Hefei, Anhui province March 16, 2012. Credit: Reuters/Stringer BEIJING | Sat Mar 17, 2012 10:43pm EDT BEIJING (Reuters) - China's economic policy priority is to maintain relatively fast growth, but Beijing cannot lower its guard against inflation risks, the head of the country's top planning agency, the National Development and Reform Commission, said on Sunday. "First of all, we need to maintain steady and relatively fast economic growth -- development is the key for resolving all problems in China," Zhang Ping, NDRC chief, said in a speech. Zhang said the government would maintain prudent monetary and pro-active fiscal policies, and stand ready to fine-tune settings -- a consistent refrain from China's leaders since the autumn of 2011. He added that the growth versus inflation trade-off was a key policy challenge. "It's a dilemma to stabilize growth and stabilize inflation. Even though inflation has showed signs of stabilization, we cannot lower our guard against price rises," he said. "Currently, the situation concerning prices is still severe -- global liquidity is ample and global commodity prices are fluctuating at high levels. Pressures on prices will stay over the long term." (Reporting by Kevin Yao; Writing by Nick Edwards; Editing by Don Durfee) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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