China's Politburo vows to stabilise prices
A customer buys pork at a market in Jinan, Shandong province, January 28, 2011. China's annual inflation will probably top 6 percent around the middle of 2011 before losing steam in the second half of the year, the Bank of Communications said. Reuters

China will keep prices stable this year and prevent big ups and downs in economic growth, the Communist Party's top leadership said on Monday, according to Xinhua news agency.

At a planning meeting chaired by President Hu Jintao, the Politburo also reiterated that the government would continue to implement a prudent monetary policy and proactive fiscal policy, code for a blend of gradual monetary tightening but ample fiscal spending.

China China