国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

NPC panel warns economy overheating

(Agencies/chinadaily.com.cn)
Updated: 2007-07-18 14:27

BEIJING - A key Chinese parliamentary panel warned the country's runaway economy is in danger of overheating amid rising inflationary pressure, Shanghai Securities News reported Wednesday.

A report by the National People's Congress' Financial and Economic Affairs Committee drew its conclusions after meetings with key economic government ministries, the People's Bank of China and the National Bureau of Statistics.

"The economic overheating trend is even clearer. Inflationary pressure continues to increase, especially food and house prices," the committee was quoted as saying.

"The government is highly concerned about the overly rapid rise of food prices and will closely watch domestic and overseas price movements to reasonably guide rising prices." said the committee.

China will report Thursday that the economy accelerated by around 11 percent in the second quarter of this year, little changed from the 11.1 percent growth recorded in the January-March period, the statistics bureau has indicated.

June consumer price inflation is also expected to come in well above the government's target of three percent, after rising to 3.4 percent in May.

The commmittee said the government would "moderately tighten" monetary policy to control excess liquidity and lending growth, echoing official comments following a State Council meeting chaired by Premier Wen Jiabao on June 13.

It said the government will use a combination of policies to reduce liquidity in the banking system and better control credit flows to control lending by commercial banks.

Credit and land policies to control the growth of investment would also be applied.

The central bank has already hiked interest rates twice this year and five times required commercial banks to place more money in reserve in an effort to cool inflation, fixed-asset investment and stock market speculation.

But the steps seemingly have done little to rein in the investment boom, raising concerns among officials that the already excessive liquidity troubling the economy would be even harder to contain and eventually lead to an abrupt slowdown in growth.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
兰州市| 乡城县| 托里县| 卓尼县| 宝鸡市| 梧州市| 甘孜县| 浠水县| 太仓市| 卢龙县| 城固县| 施甸县| 湖南省| 方正县| 库车县| 北碚区| 闸北区| 隆子县| 芜湖县| 专栏| 南川市| 青浦区| 紫云| 尉氏县| 库尔勒市| 大姚县| 垦利县| 洛浦县| 泗阳县| 曲松县| 东宁县| 纳雍县| 阳高县| 长岛县| 贞丰县| 岢岚县| 洛阳市| 昆明市| 潞城市| 吴江市| 偃师市|