DALIAN, China (Reuters) - China will keep monetary policy tight to contain inflation while forging ahead with structural reforms and boosting consumption to sustain long-term economic growth, Premier Wen Jiabao said on Wednesday.
Speaking at the World Economic Forum in the northeastern port city of Dalian, Wen said China's slowing economic growth was a result of the government's tightening measures to bring inflation under control and was "within expectations."
He also repeated the calls China has made -- as the biggest overseas holder of U.S. debt -- for Washington to better manage its economy.
"We will keep overall price levels basically stable and prevent big swings in economic growth," he said.
The global economic malaise has not affected China's economic fundamentals, Wen said.
"China is fully able and we have conditions and confidence in maintaining relatively fast economic growth," he said.
Wen delivered the opening speech at the event, known as "summer Davos" since the World Economic Forum first began staging the event in China in 2007.
Wen and other Chinese leaders have repeatedly stressed that wrestling inflation remains the top policy priority even though a flurry of measures to tighten monetary conditions have dragged on economic growth.
China's inflation was 6.2 percent in August, easing from a three-year high, although analysts expect it to remain elevated for several months and well above the government's target of 4 percent.
The economy grew by an annual 9.5 percent in the second quarter, slowing from 9.7 percent in the first quarter.
Analysts expect the central bank to hold off further monetary tightening as the global economy slows, though it is still far from easing policy due to fears of growing asset bubbles that could spiral out of control.
China has raised interest rates five times since late last year, and the required reserve ratio nine times.