China needs to balance growth and inflation

Promoting economic growth while managing inflation expectations poses a challenge to economic recovery, Chinese vice premier Wang Qishan said on Sunday. The global economic uncertainties and rising trade protectionism could take a toll on China's economic growth, the Xinhua news agency quoted Wang as saying.
A flood of easy money following the government's efforts to ward off the negative impact of the global economic crisis has fanned concerns about inflation and asset bubbles. China's economic growth slowed to 10.3 percent in the second quarter from 11.9 percent in the first quarter, while consumer price inflation hit a 22-month high of 3.5 percent in August.