China's Top Priority: Curbing Inflation

(Beijing) - Reining in soaring prices has become the No. 1 priority of the Chinese government for 2011 as inflation continues to erode the savings of low-income families and inflate asset bubbles.

In the December 10 to 12 annual economic work meeting chaired by Chinese President Hu Jintao, the government made it clear that stabilizing prices without jeopardizing growth is at the top of the agenda for next year.