Chinese Vice Premier Huang Ju says government measures to cool the booming economy are showing results although the brisk pace of growth will continue.
At a financial conference in the capital Beijing, Huang and central bank chief Zhou Xiaochuan said the government remained vigilant while the possibility of an immediate interest rate hike was remote.
China's economy grew by an annual rate of 9.8% in the first quarter of 2004.
The government has taken various steps to slow the pace, including raising the amount of cash commercial banks must hold at the central bank, and curbing investment in overheating sectors such as steel, construction and cement.
