China's Leaders Target Inflation

Monday, March 07, 2011

A Chinese bank staff counts stacks of 100-yuan notes in Huaibei, east China's Anhui province on October 20, 2010. (Stringer/Getty)

China's Premier Wen Jiabao told the annual National People’s Congress in Beijing on Friday that controlling consumer and housing prices was a top priority. In China, where much of the ballooning population seems to be headed into the cities for work, real estate is becoming prohibitively expensive. Food prices are shooting up as well. What does this mean for China's role in the world economy and for U.S. relations with that country?

Wei Yao, China economist for Societe Generale helps explain China's economic plan. The BBC's Martin Patience reports from China.


Martin Patience and Wei Yao

Produced by:

Kate McGough

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.