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ADB: China economy to grow 9.2% this year
By Su Bei (China Daily)
Updated: 2005-09-09 05:56
The country may face increasing energy bottlenecks in the future unless pricing becomes more responsive to market demand, and energy conservation and efficiency are encouraged, he said.
Zhuang pointed out that State-owned commercial banks need to improve services and strengthen capital structures and management in face of foreign competition.
He added that overcapacity in some industries has resulted from heavy investment.
"If the problem is not solved, deflationary pressure could develop and weaken profitability," he said.
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