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Premier: China to hold inflation at 3% this year

Premier: China to hold inflation at 3% this year
China’s Premier Wen Jiabao predicted another year of rapid economic expansion Friday while his government will try to tame inflation and curb runaway loan growth to prevent risky bubbles from hurting the world’s 3rd largest economy. In an address to an annual session of National People’s Congress, Wen told nearly 3,000 people’s deputies that 8 percent economic growth is the goal for this year …

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