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 (2045)	12/17/2003 12:17:15 AM
From: RealMuLan	Read Replies (1) of 6370

China's fixed asset spending rises THE ASSOCIATED PRESS BEIJING -- China's investment in real estate, factories and other fixed assets surged nearly 30 percent in the first 11 months of this year, the government said Wednesday. The announcement came amid official warnings that Chinese businesses are investing too much in steel production and other fields, raising the risks of an industrial glut and financial problems. Spending on fixed assets from January to November totaled 3.5 trillion yuan ($419.1 billion), the National Bureau of Statistics said in a statement. It said the figure in November was up 25.3 percent from the same month last year at 415.2 billion yuan ($50.3 billion). Heavy government spending on highways and other assets has helped to buoy China's economic growth, which has hit 8 percent or more in recent years. seattlepi.nwsource.com

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