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Premier Wen says China must be "very cautious, flexible" in stimulus exit

2010-03-14 13:01 BJT

Special Report: 2010 NPC & CPPCC Sessions |

BEIJING, March 14 (Xinhua) -- Chinese Premier Wen Jiabao said on Sunday the country's exit strategy on economic stimulus should be "very cautious and flexible" in order to shore up the hard-earned economic recovery.

Chinese Premier Wen Jiabao smiles during a press conference after the closing meeting of the Third Session of the 11th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 14, 2010. (Xinhua/Xing Guangli)
Chinese Premier Wen Jiabao smiles during a press conference after the closing
meeting of the Third Session of the 11th National People's Congress (NPC) at
the Great Hall of the People in Beijing, capital of China, March 14, 2010.
(Xinhua/Xing Guangli)

"We must maintain the continuity and stability of macro economic policy, which means we will continue implementing proactive fiscal policy and moderately loose monetary policy to consolidate the trend of economic recovery," Wen told reporters after the annual parliamentary session closed.

Wen said the government will make more efforts to keep its policies flexible while keeping close watch on domestic and international economic changes.

He noted it is a very difficult job to properly handle the relations between maintaining economic growth, adjusting economic model and managing inflation expectation this year.

"Although it is a tough job, it should be addressed," he said.

Wen said agriculture is the life-line of the national economy, and it plays a decisive role in ensuring economic growth and managing inflation expectation, he said.

Editor: Zhang Pengfei | Source: Xinhua