Bloomberg News

China’s Top Priority Is to Tackle Inflation, Vice Premier Says

June 25, 2011

June 25 (Bloomberg) -- China faces inflationary pressure and the government’s top priority is to tackle price increases, Vice Premier Li Keqiang said in Beijing today.

The global economic recovery faces many uncertainties, with some nations experiencing sovereign debt problems and others facing the risk of a downturn, Li said in a speech at the Second Global Think Tank Summit held by the China Center for International Economic Exchanges. Emerging economies need to have more representation on global issues, he said.

Countries should coordinate to cope with the financial crisis and need to work together to tackle inflation, he added.

Li is one of nine current members of the standing committee of the ruling Communist Party and is the front-runner to succeed Wen Jiabao as premier in 2013, according to Joseph Cheng, a political science professor at the City University of Hong Kong, and Li Cheng, director of research at the Brookings Institution’s John L. Thornton China Center in Washington.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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