久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

Vice premier: Economic curbs are working
(Bloomberg)
Updated: 2004-09-19 16:28

China's efforts to slow the economy by reining in investment in industries such as steel and cement are working, Vice Premier Huang Ju said.

``The measures have initially paid off and eased the pronounced contradictions in the economy,'' Huang said in a speech to a conference in Beijing. The policies are showing ``incremental success,'' he said.

China has clamped down on lending and project approvals to cool an industrial investment boom that the government blames for causing power shortages, clogging transport links and driving up raw materials prices. The government may not need to raise interest rates to slow the economy because the loan curbs are starting to bite, ABN Amro Asia Ltd. said in a report last week.

Investment in China's factories, roads and other fixed assets grew 26 percent in August, slowing from a 31.1 percent pace for the first seven months of the year, the government said last week. Other economic data has been mixed: industrial production, exports and imports all picked up in August, while inflation held at a seven-year high of 5.3 percent.

Central bank Governor Zhou Xiaochuan said this month that policy makers will decide whether to raise interest rates after reviewing August economic reports. Seven out of 11 economists surveyed by Bloomberg News this week forecast the People's Bank of China would raise the lending rate by at least half a percentage point this year.

Growth Target

Huang's comments echo those of other government leaders. Vice Premier Zeng Peiyan said last year that the macro-controls have been effective, though the results are ``initial'' and the campaign can't be relaxed.

China has relied on lending curbs rather than interest rates to slow growth in the world's seventh-largest economy. The central bank has kept its key one-year lending rate at 5.31 percent since February 2002. The rate was last raised in 1995.

China's economy is still growing at a ``steady and fast'' pace and should continue to expand at an annual 7 percent rate for the next few years, Huang said. Growth was 9.6 percent in the second quarter, from 9.8 percent in the first three months.

China may not raise rates because the government is more concerned about the possibility of a ``drastic economic slowdown'' than it is about excessive investment growth, Michele Mak, head of China research at ABN Amro, wrote in a report on Thursday.



 
  Today's Top News     Top China News
 

Negative interest rates give banks a hard time

 

   
 

China prepares for holiday passenger peak

 

   
 

Sirens wail across China to mark 1931 attack

 

   
 

UN adopts resolution on Sudan's Darfur

 

   
 

Potala Palace repairs done in Tibetan style

 

   
 

China: Resolve Iranian nuke issue in IAEA

 

   
  Potala Palace repairs done in Tibetan style
   
  China prepares for holiday passenger peak
   
  Negative interest rates give banks a hard time
   
  Sirens wail across China to mark 1931 attack
   
  Massacre victim sues Japanese writers
   
  China seeks helpful resolution to Darfur crisis
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国产在线观看一区二区三区四区 | 国产成人亚洲综合网站不卡 | 欧美成人免费全部观看天天性色 | 成 人 黄 色 免费播放 | 在线欧美精品二区三区 | 国产成人精品久久二区二区 | 九九香蕉| 在线日本看片免费人成视久网 | 日本免费人成在线网站 | 免费观看一级特黄欧美大片 | 九九色网 | 五月天激激婷婷大综合蜜芽 | a级片在线 | 久久国产成人午夜aⅴ影院 久久国产成人亚洲精品影院老金 | 久久视频在线播放视频99re6 | 精品91一区二区三区 | 国产日韩欧美精品在线 | 精品免费国产 | 性午夜| 国产美女一区精品福利视频 | 精品国产日韩亚洲一区在线 | 国产成人国产在线观看入口 | www.日本在线 | 麻豆md国产在线观看 | 色综合久久88一加勒比 | 久久久久久综合一区中文字幕 | 欧美日韩一区二区三区高清不卡 | 午夜精品亚洲 | 欧美精品日日鲁夜夜添 | 极品美女一级毛片 | 成人精品视频一区二区三区 | 亚洲欧美日韩成人一区在线 | 在线观看免费视频国产 | 日韩国产毛片 | 韩国精品一区二区三区四区五区 | 亚洲精品aaa | 日韩欧美在线播放视频 | 一区二区三区四区在线免费观看 | 欧美色欧美亚洲高清在线视频 | 最新99国产成人精品视频免费 | 91大神在线精品视频一区 |