China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (327)	8/13/2003 10:14:16 PM
From: RealMuLan	Read Replies (1) of 6370

Investment fever is running too high, says China Jonathan Watts in Beijing Thursday August 14, 2003 The Guardian A senior Chinese minister warned yesterday that the world's fastest growing economy is in danger of overheating as expansion outstrips power supplies, [AD] ADVERTISEMENT threatens production quality and raises the risk of oversupply. In the first six months of the year, China sprinted forward at a blistering pace of 8.2%, but then concerns about the risks were tempered by Sars. With the Sars outbreak under control, policymakers have started to speak out about the rise in the economic temperature, pushed up by the explosive growth of small, low quality and poorly regulated steel, cement and car firms. "If it is not cooled, the investment fever in some industries will heavily affect China's robust economic growth," said Ma Kai, the national development minister, in a China Daily interview. guardian.co.uk

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