China guards against rampant investment
News Archive - Industry Headline - Oct news

(CCTV, Oct 27, 2006) The country's top economic planning authority said on Thursday that the government should maintain its vigilance against a number of risks including a rebound in fixed asset investment. The National Development and Reform Commission made the call on its website in a report outlining its priorities for the rest of the year.

The NDRC said although China's tightening measures have yielded positive results, some fundamental problems are yet to be completely resolved. It pledged to continue to carry out a thorough review of new investment projects to ensure that only those that comply with regulations on energy consumption, pollution, land use and work safety would go forward. The NDRC also said China will encourage more imports of energy, raw materials and high-tech goods to help balance trade with other countries.
source:CCTV