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

   

Fixed-assets investment slows

By Wang Xu (China Daily)
Updated: 2007-12-15 09:26

The nation's investment in fixed assets slowed in November, an early sign the government's latest round of macro controls are taking effect, according to analysts.

Fixed-assets investment in urban areas grew 26.8 percent year-on-year in the first 11 months, compared with a rise of 26.9 percent to October, the National Bureau of Statistics said on Friday. The statistics bureau didn't reveal figures for November.

"A slowdown of investment growth in November shows that the recent credit controls are starting to cool the economy," said Shen Minggao, an economist with Citigroup in Beijing.

Converting the year-to-date data to monthly figures shows that the growth of fixed-assets investment fell to 26.1 percent year-on-year in November from 30.7 percent in October, Shen said.

The government has taken measures to cool the economy in recent months amid increasing concern about overheating and rising consumer prices. The central government said it would rein in investment, which accounted for 42.5 percent of the country's gross domestic product in 2006.

The central bank has raised the interest rate five times and increased the reserve requirement ratio for local banks 10 times this year. Meanwhile, the central government has adopted strict administrative measures to curb loan growth and approvals for industrial land use, which analysts said was the biggest contributor to the investment slowdown.

"Lending in the property sector and for new investment projects accelerated sharply in November, confirming authorities' concern about a possible rebound of investment in the next few months," said Wang Tao, an economist with Bank of America in Beijing.

Investment by State-owned companies grew 16.3 percent in the first 11 months over a year earlier, while the growth was 16.6 percent to October, the statistics bureau said. But investment in real estate and new projects has accelerated in the past month.

"Whether these administrative measures will be strictly carried out early next year is still in question," said Wang. "Local government may encourage investment after its reshuffle in the first quarter next year."

Liu Mingkang, chairman of the China Banking Regulatory Commission, said this week that the banking regulator would watch for increased investment by local officials after the reshuffle.

"The central government may continue to use a batch of policies to cool the economy, such as further tightening of credit and money supply, and control of investment project approvals through land and environmental regulations," said Wang.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
上饶市| 常山县| 临夏县| 应用必备| 循化| 临沧市| 新邵县| 东至县| 鄂托克前旗| 舞钢市| 长治市| 金川县| 金寨县| 泾源县| 浮梁县| 青海省| 瑞安市| 东乡族自治县| 贵港市| 乌兰浩特市| 阿拉尔市| 林州市| 太保市| 固镇县| 韩城市| 凌海市| 远安县| 古浪县| 扎鲁特旗| 通山县| 渭源县| 右玉县| 浦城县| 屏山县| 临漳县| 长泰县| 合江县| 青铜峡市| 浮山县| 泰兴市| 将乐县|