China credit growth too fast, investment needs to be curbed - premier
BEIJING (XFN-ASIA) - China’s Premier Wen Jiabao said that credit growth is too fast and the nation needs tighter controls on investment.
The premier made the remarks at a meeting of the State Council, or cabinet, called today to review the economy’s first quarter performance.
Wen also said that China needs to maintain price stability in the months ahead as well as curtail the expansion of the nation’s trade surplus, according to a statement on the government’s main web site.
derek.jiang@xfn.com
