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Chinese Premier Confident Of Taming Inflation


Chinese Prime Minister Wen Jiabao

Chinese Prime Minister Wen Jiabao

Chinese Prime Minister Wen Jiabao is confident that government measures will be able to curb soaring food and property prices.

Wen was speaking to China National Radio after China's central bank announced its second hike in base interest rates in two months.

Wen conceded that policies introduced this year to limit property price rises were "not well implemented" and said the government planned to develop more affordable housing next year.

compiled from agency reports
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