![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, November 22, 2007 4:25:38 PM
+ -
08:18, November 21, 2007
China's economy is expected to grow 11.5 percent this year, Premier Wen Jiabao said yesterday.
Wen, in Singapore on a four-day official visit and to attend a series of Association of Southeast Asian Nations meetings, made the forecast when meeting embassy staff and representatives of Chinese entrepreneurs and students.
China has enjoyed 9 percent year-on-year growth for 30 consecutive years while growth surpassed 10 percent in the past five years, he noted.
But he stressed that the government must prevent the economy from overheating; and make sure that structural price rises do not move toward high inflation.
"Only by achieving that can we enable the economy to grow in a stable and healthy manner," he said.
The consumer price index reached a decade-high 6.5 percent last month, matching the peak in August, with prices of foodstuffs rising 17 percent year-on-year.
Wen also called for efforts to transform the economic development mode to emphasize efficiency.
"An important task for us is to continue our efforts in energy conservation and pollution reduction."
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM