2010 Termed as "Most Complicated" for Economy by China Premier
2010 Termed as "Most Complicated" for Economy by China Premier

On Saturday, China's Premier Wen Jiabao promised to keep inflation under control and keep the country's economic recovery on track, and expressed hope for an end to the tensions that are currently going on with Washington over the issues of trade and currencies.

As has been revealed by China's top economic official, 2010 is all set to be the "most complicated" year for the country's economy, and he also hinted that easy credit would continue despite a recent tightening in lending controls. He, however, provided no indications into whether the country is ready to raise interest rates, which could slow the growth and affect the global economy b by pulling back China's demand for foreign oil and other commodities. The country's leaders have been very careful about reaching out to the world's largest online population via online chats.

"Two things can hurt social stability. One is corruption. The other is the price of products. We can keep economic development stable and fast and still manage inflation", Mr. Wen said.

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