(0410 CR M02) INFLATION PRESSURE

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(0410 CR M02) INFLATION PRESSURE DATELINE: April 10, 2011 LENGTH: 00:01:25 INTRO Chinese Premier Wen Jiabao has urged local governments to make efforts to prevent excessive price increases and drastic economic fluctuations. This comes as inflationary pressure persists in cities across China. The country's consumer price index jumped 4.9 percent in February from a year earlier, exceeding the government's full-year target of 4 percent. PKG Wen made an inspection tour in the eastern Zhejiang Province from Friday to Saturday. During the visit, he said keeping overall price levels stable was the top priority for current macro regulations. The premier said the central government had formulated a number of measures to achieve this end, including controlling issuance of money, boosting production, and enhancing supervision and monitoring. He urged local governments to fully implement these measures. Premier Wen also reiterated a determination to rein in runaway housing prices, Powered by www.newslook.com Producer : Xinhua News Agency

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