Maintaining growth hard, but only, option
By Ma Hongman | China Daily | Updated: 2008-05-14 07:29
For quite some time, "overheating" has been taken as one of the biggest potential threats to China's economic soundness. And the figures about the investment in fixed assets in the first three months of the year were taken as a solid proof for that.
From January to March, investments in fixed assets totalled 2.18 trillion yuan ($312 billion), 24.6 percent higher than in the same period of 2007. And the growth rate is 0.9 percentage points higher than the growth achieved during that time.
However, these figures may no longer be used as a valid proof of economic overheating when compared with another group of data.
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