SHANGHAI - wrapped an economic planning annual Sunday with a commitment to keep growth on track while stepping up the Chinese leadership meeting moves against inflation and other opportunities to destabilize the problems.
The desire to keep the economy on an even keel came one day after the Government reported that inflation surged to a maximum of 28 months of November, despite the efforts to combat speculation and to increase food supply.
A brief statement by the official news agency Xinhua announcing the end of the Conference, held each year year in early December, gave no details. It is said that the Government would retain its flexible, proactive and prudent policy attempting to maintain a balance between growth and stability.
Inflation has elapsed to 5.1% in November, initial above objective way Government of 3 percent. It was primarily motivated by a jump over a year of 11.7% in food and utility prices.
«November price increases are beyond the expectations of the population, said Sheng Laiyun, spokesman for the National Bureau of statistics, by announcing data.»
Higher than expected rate raised expectations that the Chinese Central Bank will proceed with an another increase in interest rates, acting slow growth at a time when the United States and the Japan are focused always stimulus for their own lagging economies.
Beijing has sought to reassure the public that it has inflation under control, cracking down on speculation about the products and ordering refineries to trigger rapid production to counteract the diesel shortage.
"Price is stable as long as the departmental and regional authorities seriously implementing measures of the central Government," Xinhua quoted Sheng Saturday.
While the authorities say three quarters of the rising inflation is due to the increase in food prices, Beijing is struggling to curb a flood of money flowing through massive economic stimulus spending and bank loans that have helped China rebound of the global crisis.
Friday, China ordered banks to increase their reserves of 0.5% of the deposits to reframe the breaking of loans, the third increase in reserves in five weeks.
Chinese banks lent a total of 564 billion yuan ($82 billion) in October. That could push total loans so far this year from 7.45 billion yuan, suggesting that it will be official overflow 2010 ready target Beijing 7.5 billion yuan.
Interest rates noting the divergence of robust expansion United States, Europe and Japan, always seeking to consolidate growth China has raised on 19 October for the first time since the crisis.
Top body of the page of the Communist Party in power, the political Bureau, announced on December 3, he was ordering a "prudent monetary policy" next year, a change in the "fairly easy" credit policy in place of the crisis.
China's rapid economic growth eased to 9.6% in the three months ending September summit after the crisis of 11.9% in the first quarter. It is expected to decline in the coming months, but to remain strong.
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