(Forbes, Oct 31, 2006) Chinese policy makers must prioritize curbing rapid investment, excessive bank credit growth and the over-large trade surplus, the official Xinhua news agency reported, citing the head of China's economic planning body.

Ma Kai, the chairman of the National Development and Reform Commission (NDRC) was quoted as saying that China will continue with prudent monetary and fiscal policies and use financial, legal and administrative means to control the economy.

His comment came after the Chinese economy showed a modest slowdown in the third quarter.

China's GDP rose 10.4 pct in the third quarter, slowing from 11.3 pct in the second quarter. Urban fixed-asset investment rose 24.2 pct year-on-year in the third quarter, compared with 28.2 pct in the first nine months of the year.
source:Forbes