China's investment curbs starting to pay off
(Reuters)
Updated: 2006-10-16 13:37
BEIJING - China's efforts to curb blind expansion in some industrial sectors
such as steel, alumina and autos are starting to pay off, the country's top
economic planning official said in remarks published on Monday.
But Ma Kai, head of the National Development and Reform Commission, said
growth in fixed-asset investment and in credit was still excessive.
In a speech made on Friday and posted on the agency's Web site, Ma said
curbing the launch of new investment projects remained the main focus of the
macro-control measures that Beijing is deploying.
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