Premier Wen Jiabao announced that China must avoid enacting too many adjustment policies that carry the possibility of "negative consequences," reported state media. Wen made the announcement during a Saturday trip to the port city of Tianjian. China’s GDP grew 8.7% in 2009, and the country experienced 11.9% year-on-year growth in the first quarter of 2010. The Conference Board also released a new indicator suggesting "strong" China growth. Meanwhile, consumer inflation has grown 2.8% in April as housing prices continue to climb. "At present, the national economy continues to improve, but domestic and external conditions remain extremely complex, and macro adjustment faces many dilemmas," he said. China’s domestic difficulties are also compounded by wider global uncertainty that may impact China’s exports, including the ongoing European sovereign debt crisis.
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