At the same time, Ma says some problems and contradictions are natural.
Ma says the Chinese government will
give more priority
to
restructuring
economic
and
improving peoples' livelihood.
To reduce the effects of the global economic crisis that began in 2008 ,China loosened lending practices, cut interest rates and began massive spending programs. But the government wants to make sure those measures do not contribute to inflation, which can be politically sensitive in a country where hundreds of millions of people remain poor.
Beijing resident Ms Wang says she is worried. She says she thinks prices are rising really fast. She points to the price of cabbage, which has increased more than 10 times in the past year.
The head
of the
Chinese
Banking
Regulatory Commission, this week said the government will step up monitoring of banks and rein in lending to prevent speculative bubbles(投机泡沫) in real estate(房地产) and other assets.
The World Bank on Thursday released a report that predicts China's economy will grow by nine percent this year. This contrasts with forecasts of 2.5 percent growth rate for the United States and one percent growth for European economies in , because of weaknesses remaining from the global financial crisis.
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