It was the pro-growth comments that Prime Minister Wen Jiabao made during his weekend visit to Wuhan that caught the headlines. As national reassurer-in-chief at times of adversity, Wen could be expected to raise spirits in the face of a slowing economy. But to hear him say it, economic policy won’t be too hot or too cold, but just right:
We should continue to implement a proactive fiscal policy and a prudent monetary policy, while giving more priority to maintaining growth.
Or, to put it another way:
The country should properly handle the relationship between maintaining growth, adjusting economic structures and managing inflationary expectations.
Or, as state media summarized it:
Central government will continue to strengthen and improve macro control efforts, carry out timely and appropriate anticipatory adjustments and fine-tuning, boost domestic consumption and stabilize external demand to promote steady and relatively fast economic growth.