Wen threatens to rein in loans, prices
25 October 2007
Premier Wen Jiabao threatened to rein in excess investment and rising prices at a State Council meeting ahead of a scheduled release of third-quarter economic data, the South China Morning Post reported. Wen said the country should continue to curb rapid increases in fixed-asset investment, bank loans and land use and "strictly control" new projects showing overcapacity. Wen also stressed that price rises of consumer goods should be checked and broad measures should be taken to control over-inflated property prices.