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China to maintain macro-economic policy stance: Premier

English.news.cn   2010-06-30 15:52:56 FeedbackPrintRSS

China would balance maintaining stable and relatively fast economic growth, adjusting the economic structure and avoiding possible inflation, he said.

Wen stressed focus should be placed on mechanism reforms and the transformation of economic growth mode, which is conducive to both addressing the current problems and easing the contradictions in the long run.

The country's gross domestic product surged 11.9 percent year on year in the first quarter of this year, accelerating from 10.7 percent in the last quarter of 2009.

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Chinese economy likely to maintain steady, rapid growth in 2010: PBOC

BEIJING, June 30 (Xinhua) -- China's economy is very likely to maintain steady and rapid growth in 2010, with more positive factors than last year boosting the economy, the People's Bank of China (PBOC), China's central bank, said Wednesday.

But the nation's economy still faces a complex domestic and international situation, the central bank said in the summary of the 2010 China financial stability report posted on its website.Full story

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