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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (5167)4/28/2004 1:01:55 PM
From: RealMuLan  Read Replies (1) of 116555
 
China steps up efforts to curb over-investment in steel, cement, real estate


BEIJING: China's government is stepping up its efforts to curb over-investment in steel, cement and real estate, limiting the amount of money pouring into these sectors, state media reported.

In a bid to stop loan-fueled growth in investment, the State Council, or cabinet, has issued a circular ordering companies to contribute more of their own money for new projects, the Xinhua news agency said.


ttp://www.channelnewsasia.com/stories/afp_asiapacific_business/view/82180/1/.html
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