Special Report:NPC, CPPCC Annual Sessions 2010
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| Chinese Premier Wen Jiabao answers questions during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010. (Xinhua/Ju Peng) |
by Xinhua writers Liu Jie, Wang Yaguang and Chen Yongrong
BEIJING, March 14 (Xinhua) -- Chinese Premier Wen Jiabao said on Sunday that China is facing the "most complicated" economic conditions this year, and it will be "very cautious and flexible" in choosing the timing of the stimulus exist to shore up the hard-won recovery.
Since the world economy still faces the risk of "double dip", China has to strike a balance between maintaining economic growth, adjusting economic development model and managing inflation expectations, Wen told reporters after the conclusion of the annual parliamentary session.
As China has come under huge pressure for strengthening its currency, or yuan, Wen said China opposed to "fingerpointing" of its currency policy, and pledged to keep the yuan stable at an appropriate and balanced level.
