Curbing rising inflation and economic overheating are China’s top fiscal priorities for 2008, according to China’s head of state, Wen Jibao.

Wen said yesterday that China is seeking to cap inflation at 4.8% this year.

Recent winter storms in the southern China have pushed up food prices, and inflation in January has an 11-year high of 7.1%.

“China is a great long-term investment opportunity that’s just beginning,” says Mike Burnick.

“The world’s fastest growing economy is now the second-largest in the world on a purchasing power parity basis. There are dynamic changes taking place in China, and gigantic opportunities to profit from it.