Yu Liang, president of China Vanke Co, the country's biggest real estate company, said while outlining the company's strategy for 2011.

Zhou Xiaoguang, deputy to the National People's Congress, saying that China's State Council may soon approve a pilot program for a comprehensive reform of international trade in Yiwu city in Zhejiang province.

"The recent rise in inflation is quite different from the type of inflation China had suffered previously. The main cause of (today's) inflation is higher costs and accelerating wage increases."

Li Daokui, central bank adviser, saying consumer inflation in China will be kept below 5 percent in 2011.

Li Pumin, a spokesman for the National Development and Reform Commission, said on March 8 that China is safe from a "double-dip" slowdown in growth, despite the challenges in keeping inflation under control.