Premier Wen Jiabao said Saturday that China will stick to its "appropriately loose" pro-growth monetary policy but at the same time will ensure inflation does not become a problem, Reuters reported. In an online question and answer session, Wen said that 2010 will be "the most complicated" for China’s economic development. Wen also said that the government will take steps to punish real estate developers who hoard land and completed houses for the purpose of speculation, but admitted doubts as to whether the current batch of measures designed to dampen speculation will succeed. He also took a soft line on recently fractious Sino-US relations, saying China hopes 2010 will be a peaceful year for two-way trade. He also mentioned again his request that Washington ease restrictions on sales of high-tech products so that China can buy "more than just soybeans and aircraft."
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