Chinese government pays close attention to investment

SteelOrbis Shanghai National Development and Reform Commission indicated that the central government sent a work group to check the investment projects in different provinces to see whether new measures are needed. Statistics show that there are signs of overheated economy, but it is not expected to affect the overall trend of the investment plans. As 2006 is the first year of the 11th Five Year Development Plan, the new leaders in each provincial government started nearly 20,000 projects in only three months, aiming to achieve a better performance. At the same time, bank loans in the first quarter picked up with additional loans of RMB 1.26 trillion ($157.3 billion), reached to the half of the total amount for the whole year loans in 2005.