Focus on fighting inflation

China will give more attention to the problem of rising inflation, said a monetary policy report of the central bank yesterday.

China's growth may slow in the first half of this year due to the global economic slowdown, but so far the economic growth has been better than expected, the People's Bank of China said in its first-quarter monetary policy report.

The central bank said it would use the exchange rate in its efforts to curb inflation, which hit 8.5 percent in April, only slightly lower than the 12-year high of 8.7 percent in February.