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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (16694)	11/23/2004 7:03:26 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

China ready to rein in galloping economy By James Kynge in Beijing Published: November 23 2004 22:05 \| Last updated: November 23 2004 22:05 China's investment in fixed assets, the main driver of the economy over the past two years, is still growing too fast and Beijing is watching to see if interest rates need to be raised again, a senior official said. Li Ruogu, deputy governor of the People's Bank of China (PBoC), the central bank, told the Financial Times that for the past 26 years China's average annual growth in fixed asset investments had been 18.7 per cent "so around 20 per cent (growth) may be a more reasonable figure". news.ft.com