Thin pickin’s in Prime Minister Wen Jiabao’s “state of the nation” address to the National People’s Congress.
Controlling inflation remains the no 1 economic issue, China is committed to continuing reforms and opening of its economy; tackling income inequality is the no 1 social priority, China is committed to continuing to crackdown on corruption, pollution and misgovernment. The Olympics are important.
The only policy takeaways: More tightening of monetary policy and a cut back in investment spending to control inflation is on the cards. But that’s hardly unexpected either.