The Straits Times
Published on Jan 22, 2013

Wen urges 'healthy' development as China's economy slows


BEIJING (AFP) - Chinese Premier Wen Jiabao has urged the central bank to promote "healthy" economic development, the government said, after the economy expanded at its slowest pace for 13 years in 2012.

Speaking on a visit to the headquarters of the People's Bank of China, Mr Wen called on the central bank to push financial reform and use monetary policy to support the economy, the government said in a statement late on Monday.

"Financial work is still facing a severe and complicated domestic and overseas environment," Mr Wen was quoted as saying.

"We must make full use of monetary policy for the economy to realise continued healthy development," he said, adding prices should be kept stable.