The Political Bureau of the Communist Party of China Central
Committee has called for close attention to some new problems in
China's national economy, especially the excessive investment in
fixed assets and the shortages of coal, power, oil supplies and
transportation facilities.
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The Political Bureau of the Communist Party of China (CPC)
Central Committee has called for close attention to some new
problems in China's national economy, especially the excessive
investment in fixed assets and the shortages of coal, power, oil
supplies and transportation facilities.
General Secretary Hu Jintao
of the CPC Central Committee chaired a state-of-the-economy meeting
held in Beijing Monday. Participants agreed that the nation’s
economic development is generally good. Agricultural production is
satisfactory, as are the rise in industrial profits, growth in
foreign trade, levels of foreign investment and increase in
citizens’ income.
Fixed asset investment in some industries is growing too fast,
however, which has led to the rocketing of loans. Meeting
participants called for close attention to these problems and the
taking of action to solve them.
With China's economic development at a crucial stage, they
stressed the proper control of loan issuance, management over land
use, strict control of new construction projects and the cessation
of blind investment and low-level repeated construction in some
sectors.
?(Xinhua News Agency April 27, 2004)