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To: Charles A. King who wrote (10016)	10/29/1998 8:39:00 AM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

This year the Chinese government has greatly increased its infrastructure development such as road building. This is fiscal pump priming in response to the threat to its growth plan caused by the Asian economic troubles. CHINA'S fixed assets investment could grow by 20 per cent in 1998, well above the original target set earlier this year, a senior government official said yesterday. However, export growth is likely to fall short of the 10 per cent objective, said Zhang Guobao, deputy secretary-general of the State Development Planning Commission. chinadaily.com.cn.net But then after the roads are built, the plan is to put cars on them. SHANGHAI, Oct 29 (Reuters) - Looking to speed economic growth, China has given major banks the green light to offer car loans, and the Construction Bank is racing for a share of the market. infoseek.com:80/Content?arn=a0623LBY673reulb-19981029&qt=china&sv=IS&lk=noframes&col=NX&kt=A&ak=news1486 It stands to reason that this will accelerate the production of waste oil which the Chinese government says it wants to clean up. Charles