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China's political elite to meet on economic policy: report

by Staff Writers
 Hong Kong (AFP) July 22, 2008
 China's political elite will meet this week to discuss key economic policy for the rest of the year amid concerns over slowing growth, high inflation and weak exports, a report said Tuesday.

The gathering of the key Communist Party politburo follows visits by top leaders to the nation's main economic strongholds and export bases in recent weeks, the South China Morning Post reported, citing unnamed sources.

"Their missions to related regions were urgently planned to prepare them with first-hand information on the latest developments in the economic powerhouses," a government economist was quoted as saying.

China's economy grew 10.1 percent in the second quarter, down from 10.6 percent in the first quarter, according to figures released last week.

Consumer price inflation slowed to 7.1 percent in June from 7.7 percent in May. But producer prices -- which signal the direction in which prices are headed -- rose faster, increasing to 8.8 percent from 8.2 percent in May.

Some economists have argued China now needs to tweak its tight monetary policy to strike a balance between maintaining economic growth and fighting inflation.

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SINO DAILY
Chinese dissident arrested on secrets charges: wife
 Beijing (AFP) July 19, 2008
 Chinese dissident Huang Qi, who campaigns for the parents of children killed in the Sichuan earthquake, has been arrested for "illegal possession of state secrets," his wife said Saturday.






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