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China’s Key Aim Is Taming Prices as Wen Eyes Social Stability

China will target inflation as the top economic priority this year and narrow the gap between rich and poor as the government seeks to maintain social stability, Premier Wen Jiabao told lawmakers in Beijing.

“We cannot allow price rises to affect the normal lives of low-income people,” Wen said in his state-of-the-nation report to the annual meeting of the National People’s Congress yesterday. “We will reverse the trend of a widening income gap as soon as possible.”