Friday, July 02, 2004
Yahoo! News - Warning to China on danger of hard landing: "The warning, from Xia Bin of the State Council's Development Research Centre, reflects vigorous debate in government circles about the mix of policy measures needed to rein in unsustainable expansion in some sectors of the economy without endangering overall growth.
Mr Xia, head of the DRC's Financial Research Institute, acknowledged that administrative action to stop overheating was necessary in some sectors. But he said that the central bank's target for loan growth of 17 per cent was below the level needed by China's investment-reliant economy. "
Mr Xia, head of the DRC's Financial Research Institute, acknowledged that administrative action to stop overheating was necessary in some sectors. But he said that the central bank's target for loan growth of 17 per cent was below the level needed by China's investment-reliant economy. "
