Wang Qishan, Chinese vice-premier, this week became the latest senior official to identify the fight against inflation as his government’s most important task this year.
“The most pressing problem we face right now is the problem of inflation,” Mr Wang said in an interview on The Charlie Rose Show in the US on Monday. “In order to do this, we have to use monetary policy, fiscal policy and at the same time economic restructuring,” he said.
Wen Jiabao, China’s premier, used a more colourful turn of phrase recently when he described inflation as a tiger that, once freed from its cage, is nearly impossible to put back.
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