BEIJING – China‘s premier on Wednesday extolled the prosperity the Communist government has brought to many Chinese, yet he sounded an alarm that inflation could derail the country’s rapid emergence.

(AP Photo/Greg Baker)
The mixed message in Premier Wen Jiabao‘s annual policy address underscored the problems Chinese leaders face in meeting public expectations for ever rising standards of living.
For the first time in more than a decade, inflation is emerging as a danger at home, potentially eroding incomes….
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