Snows won't affect macro-economic control

(Xinhua)
Updated: 2008-02-16 09:42

The National Development and Reform Commission (NDRC) said on Friday the snow plaguing southern China would not affect the country's pre-determined macroeconomic control policies.

The key of the macroeconomic control of the government this year would remain to be the prevention of an overheating economy and guarding against a shift from structural price rises to evident inflation, NDRC spokesman Li Pumin said at a press conference in Beijing on Friday.

"Winter storms have affected the economic and social development in snow-hit areas, but would not impact the sound economic growth momentum of the country."

The commission held despite shortages and price hikes of vegetables caused by transport snags in some snow-strangled provinces, prices would stabilize as production gets back to normal and supplies increase.


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