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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3348)	7/12/2004 4:28:11 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Leadership dispute over China growth Premier Wen has heated debate with Shanghai party secretary over stringent measures to cool economy By Leslie Fong CRACKS are opening up within China's leadership over some administrative measures put in place to cool the partially overheating economy. WEN'S WAY Premier Wen Jiabao said measures to cool the overheating economy, like curbs on sectors such as steel and real estate, were showing results. He said both central and provincial governments must continue with them, though refinements were permissible. According to sources in Beijing, Premier Wen Jiabao is facing criticism from within the ruling Chinese Communist Party's Politburo for choking off economic growth. Leading the charge against him is Shanghai party secretary Chen Liangyu, who mounted a full-frontal attack against the premier at a recent Politburo meeting. A source said that Premier Wen, who had been asked to give an update on the economy, said measures like curbs on investment in sectors such as steel and real estate were showing results. straitstimes.asia1.com.sg