18+污漫画,亚洲国产港台日韩欧美三级电影网,办公室扒开奶罩揉吮奶明星,爱爱电影爱情影院网,斗破苍穹 小说免费阅读全集,人妻洗澡被强伦姧完整,打扑克牌又疼又叫视频软件,亚洲,日韩,aⅴ在线欧美,寂寞少妇扒开双腿猛烈进入免费看

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Fast Rise in Investment Recorded

China's fixed investment continued to surge in the first two months of the year, refueling inflationary pressures that many fear threaten the nation's robust economic growth.

The National Bureau of Statistics (NBS) said Wednesday urban fixed investment during the January-February period soared by 53 percent on a year-on-year basis, which compares to 26.7 percent recorded last year.

"That was fast growth despite possible inaccuracies due to recent statistical adjustments," said Qi Jingmei, an analyst with the State Information Center.

"The situation gives us little reason to be optimistic (about the prospects for inflation)," she added.

This year, the NBS adjusted the way it calculates fixed asset investments by adding those made by collectively and privately owned businesses. But it said the new figures are still comparable to last year's after adjustments.

The Chinese economy grew a robust 9.1 percent last year, with fixed asset investments seen as the biggest driver in comparison to the other two growth engines of consumption and exports.

But over-investment was found in the steel, cement, aluminum as well as real estate and auto sectors as banks lent aggressively to tap the growth momentum.

The NBS did not give separate figures for investment in those sectors, but said investment in ferrous metal mining and processing, which mainly includes steel, jumped by a rare 176.2 percent on a year-on-year basis.

Investment in non-metal minerals, which covers cement, surged by 137.4 percent.

Real estate investment, which now covers real estate development - where concerns of overheating are present - as well as logistics and other services, rose by 43.6 percent, the bureau said.

"Investment in over-invested sectors is still growing rapidly, which needs special attention," Qi said.

Accelerating investment will lead to price increases and push up the consumer price index, the key gauge of inflation, but she said it remains difficult to judge when the upward pressure will become evident in prices.

Goldman Sachs also expressed its concerns yesterday, saying the fixed investment data confirmed its view that "the sources of funding for investment remain ample, reflecting the return of an appetite for investment in the private sector, and only a marginal softening of bank lending."

Liang Hong, China economist at Goldman Sachs, said in a report: "This is a clear testament to the strength of fixed investment going into 2004, and poses a difficult challenge for the government to moderate investment growth through administrative methods."

(China Daily March 18, 2004)

China to Curb Investment in Steel Sector
Warnings of Overheating in Power Sector
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: [email protected] Tel: 86-10-68326688