Stable economic growth expected in 2007
8 March 2007
China will keep to a path of rapid but stable economic growth in 2007, according to the National Development and Reform Commission, Reuters reported. Ma Kai, director of the NDRC, said that fixed-asset investment is finally showing signs of restraint, but that there is still pressure for a rebound in the pace of capital spending. Beijing will continue to keep a tight grip on credit and land use as well as tightening environmental protection and energy-use standards for industry. China's economy grew by 10.7% last year.
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