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10:29 22Mar10 RTRS-China to stress investment quality -top planner
BEIJING, March 22 (Reuters) - China will maintain a
"reasonable" pace of investment growth in 2010 and put greater
emphasis on the quality of capital spending, China's top economic
planner said on Monday.
More investment will be channelled towards agriculture and
rural China this year, Zhang Ping, head of the National
Development and Reform Commission, told the China Development
Forum.
The forum is closed to foreign media but his comments were
webcast on http://business.sohu.com/s2010/development2010/.
China will try to keep a lid on inflation and will especially
try to control grain prices, Zhang added.
But rising global commodity prices, a low base of comparison
in 2009 -- when consumer prices fell 0.7 percent -- and the
lagged effect of last year's credit surge will put upward
pressure on prices, he added.
The government has set a target for year-average consumer
inflation of 3 percent this year.
(Reporting by Langi Chiang and Alan Wheatley; editing by Ken
Wills)
((alan.wheatley@thomsonreuters.com; +86 10 6627 1235;
alan.wheatley.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to
news.feedback.asia@thomsonreuters.com))
Keywords: CHINA ECONOMY/NDRC
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Monday, 22 March 2010 10:29:30
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