Archive for the ‘incomes’ Category

Premier says China is in a critical time

March 5, 2008
By CHARLES HUTZLER, Associated Press Writer

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.

Chinese paramilitary police officers raise the national flag ...
Chinese paramilitary police officers raise the national flag in Beijing’s Tiananmen Square before the opening ceremony of the National People’s Congress Wednesday March 5, 2008.
(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….

Read the rest:
http://news.yahoo.com/s/ap/20080305/ap_on_re_as/china_politics_7

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