三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  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: 在线观看精品国语偷拍 | 婷婷香蕉 | 夜夜夜精品视频免费 | 一级毛片私人影院免费 | 久久国产一区二区 | 国内一级特黄女人精品片 | 性插免费视频 | 国产不卡福利 | 成人丝袜激情一区二区 | 国产线路 中文字幕 | 黄在线免费观看 | 一区二区在线精品免费视频 | 日本精品视频一区二区三区 | 在线观看精品一区 | 欧美一区不卡二区不卡三区 | 国产视频久 | 日本精品久久久久中文字幕2 | 欧美专区在线播放 | 亚洲六月丁香色婷婷综合久久 | 国产高清乱码无卡女大生 | 亚洲系列在线 | 国产香蕉视频 | 国产精品久久国产精品99 gif | 国产精品99久久免费观看 | 欧美性xxxxx极品老少 | 欧美影院天天5g天天爽 | 午夜视频91 | 国产精品推荐 | 国产三级全黄 | 一级做性色a爰片久久毛片免费 | 奶茶视频污 | 国产片网站 | 久久精品免费全国观看国产 | 国产caonila在线观看 | 普通话对白国产情侣自啪 | 免费看爱爱视频 | 久久久国产免费影院 | 极品毛片 | 免费人成激情视频在线看 | 欧美一区二区三区在线观看 | 在线播放黄色网址 |