Mure Dickie: Wen spells out action to beat inequality and inefficiency

From the Financial Times:

, China’s premier, laid out his government’s agenda for the next year at the start of the annual National People’s Congress with a speech stressing action to address economic inequalities, inefficiencies and imbalances.

Mr Wen struck a confident note in an address to the NPC, China’s rubber-stamp parliament, touting the government’s success in controlling access to land and credit in order to rein in excessive fixed asset investment.

China has set an official target of 8 per cent growth in gross domestic product for 2005 – above the 7 per cent target of recent years, but still well below the 9.5 per cent growth officially recorded for 2004.

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