综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

A brake on investment

(China Daily)
Updated: 2007-11-23 09:12

The Chinese government's new effort to contain investment growth is not so novel in substance. But it clearly symbolizes a fresh attempt to prevent the country's economic growth from overheating.

Related readings:
New steps to control investment
Check investment boom
China to lift investment curb in service sector
MNCs urged to better know investment destinations

The State Council issued a document on Wednesday to tighten supervision over new construction to check runaway investment growth.

Investment in construction, factories and other urban fixed assets rose 26.9 percent year-on-year to 8.9 trillion yuan ($1.2 trillion) in the first 10 months of this year. Meanwhile, the country saw ground-breaking on 191,086 new projects, up 22,518 from a year earlier.

Such breakneck investment growth has added tremendously to the country's difficulties of macroeconomic control.

The Chinese economy soared 11.5 percent in the first three quarters. And it is sure now that this year will mark the fifth year in a row of double-digit growth for the world's fourth largest economy.

To ensure that the national economy can develop in a stable and healthy manner, policymakers are keenly aware of the urgency to tame capital spending.

The new document found that violation of laws, shortcomings in law enforcement and the loose supervision of new construction projects caused over-investment and repeated construction in recent years.

It is always necessary to plug the holes in supervision to ensure earnest implementation of related policies.

But by stressing the procedure of approval for new construction projects, the government aims to drive home such a message that the country cannot afford extensive investment growth any more.

The State Council has rejected almost 32 percent of the urban construction applications for 2007 amid efforts to curb the growth of energy-intensive, polluting industries.

In comparison with consumption and export, the country's other two growth engines, investment not only has a bigger bearing on the country's gross domestic product growth but also poses a more serious test for the country's energy and resource supply as well as environmental protection.

Hence, putting the brakes on new construction projects can help achieve the short-term goal of macroeconomic control while facilitating the long-term transformation of the country's growth pattern toward a sustainable one.


(For more biz stories, please visit Industry Updates)



Related Stories  
乐昌市| 崇义县| 三明市| 乌拉特前旗| 镇江市| 中山市| 泉州市| 会昌县| 舒城县| 育儿| 门源| 柳林县| 通州区| 余庆县| 霸州市| 通许县| 岚皋县| 虹口区| 昭平县| 平利县| 磐石市| 珲春市| 山东省| 安达市| 石家庄市| 舒兰市| 巴马| 蓬安县| 嫩江县| 潜山县| 高密市| 普兰县| 车致| 长岭县| 荣成市| 张家港市| 鄢陵县| 兰坪| 潢川县| 出国| 安福县|