Mr Wen was taking part in an online Q&A with internet users in what has become an annual event Chinese Prime Minister Wen Jiabao has spoken of his determination to enhance people's living standards and fight corruption.
He was speaking in a Q&A with internet users in what has become an annual on-line chat.
Mr Wen said fighting inflation was a priority as rapid price rises and pressure to raise the value of the yuan were a threat to social stability,
He said the annual economic growth target would be reduced to 7%.
This would prevent unsustainable growth, he said, adding that consumer prices would not be allowed to rise unchecked.
"Rapid price rises have affected the public and even social stability," said Mr Wen. "The Party and government have always made a priority of keeping prices at a generally stable level."
He said a step-by-step increase in yuan flexibility would allow Chinese businesses could adapt to currency changes.
"If the yuan saw a one-off large appreciation, that would cause many closures of our processing enterprises and make many export orders shift to other countries and many of our workers will lose jobs," said the premier.
He also said China's future depended as much on education, scientific research and the encouragement of creativity as on its economic growth.
Mr Wen's comments in the online forum came ahead of China's annual parliament session from 5 March.
This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-asia-pacific-12589757
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