Chinese Premier Wen Jiabao has said that China must keep its economic growth at a relatively stable pace and guard against a rapid rise in fixed asset investment.

Chinese Premier Wen Jiabao, seen here in June 2006, has said that China must keep its economic growth at a relatively stable pace and guard against a rapid rise in fixed asset investment. [AFP]

"The economic development must be kept stable and relatively fast, we must prevent fixed asset investment from growing too quickly and make efforts to improve the investment structure," China Central Television quoted Wen as saying Sunday.

Credit and land supply policies should be strictly implemented and efforts must be made to limit the growth of energy-consuming and polluting industries, he was quoted as saying.

"Our purpose is to prevent unstable and healthy elements amid fast economic development... to prevent big ups and downs in the economy," Wen said in a state radio broadcast.

"We must work hard to save energy... cut down pollution, care more about the livelihood of ordinary people and deepen our reform and opening drive."

The government recently proposed stronger tax, credit and land policy measures to "restore order" to the sizzling property market.

Last month its central bank ordered major commercial banks to set aside more money as reserves in an effort to slow lending growth and to cool breakneck economic growth.

Despite these measures the economy picked up even more speed in the second quarter, reaching a dizzying 10.9 percent growth rate, according to the official Securities Times last week.