Teamwork key to fighting inflation: Li

Global regulators must work together to curb pressures raising inflation in developing countries

BEIJING - The world is facing spreading inflation and regulators all over the world should work together for better coordination, said Vice-Premier Li Keqiang, amid predictions that China may see a 35-month record high of inflation.

Li said at the Second Global Think Tank Summit in Beijing that China is under heavy inflationary pressure that affects economic development. Keeping consumer prices stable is still the top priority for government this year.