- CNTV English - CCTV News

NDRC: Fighting inflation remains top priority in H2

08-03-2011 09:59 BJT

Watch Video

Play Video

China's top economic planner says that despite recent data pointing to a slowdown (that PMI data), China's economic growth is still stable and relatively fast.

For the second half of the year, the NDRC, says fighting inflation will remain a major priority.

China's top economic planner says the government will continue its proactive fiscal policy and prudent monetary policy, to maintain continuity and stability.

The NDRC also says stabilizing consumer prices remains the most important task of economic regulation in the second half of the year. Priority will be given to containing property prices and creating a friendly environment for small enterprises, which are major contributors to the nation's employment.

Li Pumin, deputy Secretary General from NDRC said, "We will stick to our property market regulation policies, to contain soaring housing prices. We will also improve the environment for small businesses, and help relieve their operation difficulties. "

Li also says that although China's GDP growth cooled by 1.5 percentage points from a year ago, it is still stable and relatively fast.

Liu said, "The Chinese economy will not experience a "double-dip" nor big fluctuations. The government is capable and confident it can keep steady and relatively fast growth in the long-run"

Li admits though, that the country still faces significant challenges, such as the weakening global economic recovery and unbalanced, unsustainable domestic development.

Related stories


Editor:Li Wanran |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program