日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

  Home>News Center>China
       
 

China to curb surging investment
(Agencies)
Updated: 2005-03-31 14:04

China's top leaders have pledged more curbs on surging investment, warning that excess spending on steel factories and surging prices for iron ore threaten the economy.

The moves, announced by the government following a meeting of the State Council, China's cabinet, caused share prices on domestic bourses to slip early Thursday.

China has been imposing curbs on bank lending and restricting investment in some sectors it says have been expanding at an unsustainable pace, risking financial problems, straining energy and transport networks and pushing prices dangerously higher.

Investment in construction, factories and other "fixed assets," China's benchmark measure of capital spending, rose 24.5 percent in January-February compared with the same period a year earlier.

Although the pace of growth has been cut about in half from its peak a year ago, it was above the 21.3 percent on-year increase for December and far exceeded the government's target of 16 percent growth in such investments for all of 2005.

Officials have repeatedly said they fear a rebound.

The State Council said it would further tighten controls on steel investment and strictly control steel exports by eliminating tax rebates for exporters, the Xinhua News Agency reported.

The government also plans steps to deal with a surge in iron ore prices on the international market by strengthening coordination of imports and iron ore operations, it said.

Chinese steel makers are among many in the industry facing a 71.5 percent price increase for low-grade iron ore from Brazil-based Companhia Vale do Rio Doce SA, the world's largest ore producer.

The leaders agreed that China's economic situation is "good in general, but there exists quite a number of problems," the Xinhua report said.

Share prices slipped Thursday on the news of further curbs on investment.

In early trading the Shanghai Composite Index lost 9.68 points, or 0.5 percent, to 1,166.89. The Shenzhen Composite Index fell 1.77 points, or 0.6 percent, to 292.49.

"Although the report is in line with previous government comments, it's still psychologically negative for the market," said Shen Zhengming, an analyst at Orient Securities in Shanghai.



 
  Today's Top News     Top China News
 

KMT, CPC parties open historic cross-Straits dialogue

 

   
 

Chemical tanker crashes, killing 27

 

   
 

Beijing court hears wrangle on Viagra patent

 

   
 

71% of Chinese women sexually harassed?

 

   
 

Online voters oppose Japan's new role

 

   
 

Red dye a 'food for thought' for Chinese

 

   
  Online voters oppose Japan's new role
   
  Zhou Wenzhong appointed ambassador to US
   
  Animals 'adopted' to aid zoo's rebuilding
   
  Drug-smuggling family nabbed
   
  Beijing's 5-year plan focuses on harmony
   
  Suspects in killing of Taiwanese caught
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 久久精品国产免费 | 黄色资源在线观看 | 国产91精品在线观看 | 天天干女人 | 亚洲第一页乱 | 免费观看黄一级视频 | 亚洲a一区 | 综合国产在线 | 91精品国产乱码久久久久久久久 | 午夜资源站 | 国产在线a视频 | 四虎网站最新网址 | 亚洲人人精品 | 中文字幕av一区二区三区 | 国产综合精品在线 | 四虎精品永久在线 | 国产福利91精品一区二区三区 | 国内精品一区二区三区 | 日韩资源在线 | 免费看成年人视频 | 久久精品在线观看视频 | 成人国产免费视频 | 精品成人18 | 中文av字幕 | 97超碰成人 | 久久国产乱子 | 日韩中文在线视频 | 成人网在线观看 | 黄色免费网 | 日本激情小视频 | 一区二区三区视频免费看 | 情侣在线视频 | 日韩精品在线免费观看 | 在线看亚洲 | 国产精品一二三四五区 | 久久理论片 | 亚洲一二三区视频 | 欧美激情久久久久久久 | 91精品久久久久久粉嫩 | 丁香在线| 欧美一级片免费观看 |