亚洲视频免费一区,国产欧美综合一区二区,亚洲国产观看,91精品啪在线观看国产91九色,日本又黄又粗暴的gif动态图含羞,麻豆国产一区二区在线观看,中文字幕在线二区

   

Economy in good shape as controls take effect

By Zhu Qiwen (China Daily)
Updated: 2006-12-05 08:40

Related readings:
 China's economic problems easing: PBOC deputy head
 Nation's economy to grow less than 10 percent in 2007
 China's economy to slow further in fourth quarter
 
Efficiency overtakes speed as primary goal

China's economy is continuing to expand rapidly thanks to robust export growth and rising consumption, despite slowed fixed asset investment.

"Declining major economic indicators show the overheated economy is coming under control," Li Xiaochao, a spokesman of the National Bureau of Statistics, said last month.

Latest statistics, released last month, indicate that the growth of fixed assets investment in urban areas was 4.5 percentage points lower the same period last year.

Breakneck investment growth in the first half of this year had given rise to fears that the Chinese economy might be in danger of overheating.

Chinese authorities therefore tightened monetary and credit supply amid a slew of other macroeconomic control measures.

Urban fixed-asset investment growth slowed to 26.8 per cent year-on-year in the first 10 months this year, down from 31.3 per cent for the first half of this year.

In monthly terms, investment growth has dropped sharply from above 30 per cent a few months ago to about 17 per cent in October.

China's macro control policies are gradually taking effect and macroeconomic risks have been reduced, noted Liu Mingkang, chairman of China Banking Regulatory Commission, at a recent financial forum.

"Clearly, investment is slowing," said Qu Hongbin, chief economist of HSBC (Asia), "Now the question is to what extent will it be slowed."

Though not fully convinced by the monthly fall of investment growth, Qu believed that other data like slowing growth of industrial added value and imports could support the view that October was a turning point in investment growth.

12  

(For more biz stories, please visit Industry Updates)