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China Daily | Updated: 2016-07-05 08:22
Govt to inspect investment slowdown
The State Council is planning to dispatch inspectors in mid-July to regions that have huge but sharply slowed private investment. The inspection teams will consist of officials from the National Development and Reform Commission and other relevant departments, according to a notice released by the General Office of the State Council on Monday. Official data showed that private fixed-asset investment increased 3.9 percent year-on-year in the first five months of 2016, compared with an 11.4 percent growth in the same period last year.
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