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Xinhua: Top Beijing Officials Concerned about Inflation

According to a Xinhua report, several top Chinese officials recently expressed concern about rapid price increases due to inflation in China. On November 11, Wen Jiabao, while visiting Guangzhou for the Opening Ceremony of the Asian Games, paid a visit to a local supermarket. Wen asked the sales-persons there about prices, supplies, and the sales of fruits and vegetables. Wen told them, “The State Council is working on policies to control rapid price increases.”

On November 16, at China’s Global Debt and Capital Market conference, Zhou Xiaochuan, President of the Bank of China, said, “China is facing the risk of an inflow of capital” and “the rising prices in China need attention from all areas.”

Sources: Xinhua, November 16, 2010