BEIJING (

TheStreet

) -- China's leaders are vowing to place more emphasis on controlling inflation.

Their pledge comes at the conclusion Sunday of an annual economic planning meeting, and one day after the government announced

that inflation jumped to a torrid 28-month high

of 5.1% in November.

The leaders said regulation of the economy in 2011 should be proactive, stable, prudent and flexible, according to a report by the official

Xinhua

news agency.

Participants at the conference agreed to make more efforts to keep prices stable in 2011,

Xinhua

added.

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China's economy grew 9.6% year over year in the third quarter. Although that's a torrid pace in absolute terms, it marked a slowdown from 10.3% in the second quarter and 11.9% in the first quarter.

On Friday, the Chinese government raised reserve requirements for banks for the third time in five weeks as part of its efforts to cool inflation.

This article was written by a staff member of TheStreet.