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China is to take steps to control the rapid growth of investment in fixed assets.
The State Development and Reform Commission says the government will reinforce the checks and supervision of bank loans and land-use approval.
During the past two months, investment in fixed assets has grown more than 50 percent over the same period last year.
This excessive growth has led to energy shortages and increased the potential for economic risk and inflation.
(CRI March 23, 2004)
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