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Chinese Premier Wen Jiabao. (Alexander F. Yuan/Alexander F. Yuan/AP)
Chinese Premier Wen Jiabao. (Alexander F. Yuan/Alexander F. Yuan/AP)

China faces inflation, growth risks: Wen Add to ...

Chinese Premier Wen Jiabao said China faces rising inflation risks even as its economy fights growth headwinds, hours after data showed the world’s second-biggest economy grew at its slowest pace in nearly three years in the first quarter.

Mr. Wen said Beijing would continue to improve and fine-tune macroeconomic controls and policy in a timely way to deal with the challenges, but he reiterated that the government would keep its restrictions on the Chinese property market.

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China’s economy grew 8.1 per cent between January and March, data showed on Friday, missing analysts’ forecasts and raising concerns that growth could slow further without adequate policy support.

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