China's premier on Wednesday called for "powerful measures" to rein in inflation that is battering ordinary Chinese, saying the government will use price controls and curb soaring investment to hold prices to a 4.8 percent annual rise.
In an annual policy speech to the national legislature, Premier Wen Jiabao said restraining inflation that has been blamed on rapid economic growth and shortages of key food items is a top priority.
"To fulfill this task, we must take powerful measures to increase effective supply while curbing excessive demand," Wen told members of the National People's Congress. He warned that China faces …
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