免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Fixed-asset investment still high
(Xinhua)
Updated: 2004-11-25 09:57

China's investment in fixed-assets was growing too quickly but it was too soon to say if an interest-rate increase was needed to cool the economy, Li Ruogu, vice governor of the central bank, said Wednesday.

The growth of fixed-asset investment had reached 30 percent this year, the Financial Times cited Li as saying.

The country's annual growth in fixed-asset investment over the past 26 years averaged 18.6 percent, so the central bank “would rather see a more sustainable rate of maybe around 20 percent,” Li said.

China's investment in fixed assets such as property, infrastructure and factories increased 29 percent in the third quarter of this year, but urban investment growth slowed to 26.4 percent after reaching 27.9 percent in September, he noted.

The central bank was also "happy" to see a slowdown in M2, the broad measure of money supply growth, the vice governor added.

M2 grew 13.5 percent in October from the year-earlier period, marking the slowest growth in three years and well off the central bank's full-year target of about 17 percent.

Li said it was not yet clear if another rate hike was needed after the central bank raised rates for the first time in nearly a decade in October.

"Whether we need further steps or further action depends on the situation in the next few months," he said.

Close