New credit may exceed government target
By WANG XIAOTIAN | China Daily | Updated: 2010-04-06 08:05
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Workers lay track near a new railway station in Shanghai. In 2009, total investment in fixed assets in China increased 30.1 percent year-on-year to 22.5 trillion yuan. Qilai Shen / Bloomberg |
BEIJING - China's new credit in 2010 may well exceed the central government-set target of 7.5 trillion yuan ($1.1 trillion) as urban investment in fixed assets continues to grow on a large scale, analysts said.
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