Economic food for thought

President Hu Jintao said at a central meeting on Tuesday that more priority should be given to stabilizing growth, which reflects China's preparedness to cope with the harsh challenges this year.

But unlike what was done during the 2007-08 global financial crisis China may not have as many cards to play this time.

Hu said the fundamentals of China's economy remain sound, but many unfavorable factors, including the turbulent international situation and domestic problems, could affect economic growth this year.