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Fixed assets
HOME > PAST ISSUE > REPORTS [Premium content] > Regional FocusMay 2005
Control-think quickly overruled market-think as the People's Bank of China cautioned credit controls could be ramped up if inflation picked up on the back of soaring investment in fixed asset.
While the Western central banker might reach for his interest rate lever at a vexing time like this, Beijing appeared to ready to resort to tried-and-true controls.
There was lots to be vexed about. The warning followed news that urban fixed asset investment grew 24.5% in January and February - that increase coming on the back of wild spikes in some segments: investments in coal mining jumped 148%, utilities 59% and oil refining 46%. However, foreign direct investment (FDI) declined ...
There was lots to be vexed about. The warning followed news that urban fixed asset investment grew 24.5% in January and February - that increase coming on the back of wild spikes in some segments: investments in coal mining jumped 148%, utilities 59% and oil refining 46%. However, foreign direct investment (FDI) declined ...
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