Li Keqiang: China can manage inflation expectations

Vice Premier Li Keqiang said that China can manage inflation expectations and would seek to balance growth while containing price pressures, Reuters reported. "For the Chinese government, we want to strike a balance of insuring steady and rapid economic growth, restructuring the economy and also to manage the [inflation expectations]," Li said, speaking in London near the end of a four-day visit to the UK. China’s consumer price index (CPI) rose 5.1% year-on-year in November, up from a 4.4% increase in October as food prices continue to rise. Most economists expect the CPI to moderate in December, but high prices of commodities and inflationary expectations continue to worry leaders in Beijing.