From the Financial Times:
Wen Jiabao, 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.
