NBS deems China's economic measures sufficient

Monday, 18 July 2005 11:38:06 (GMT+3)   |  

NBS deems China’s economic measures sufficient

China's economy exhibited stable growth in the first half of 2005 as major indicators stayed on par with Beijing's targets, a report from China's National Bureau of Statistics suggests. According to the report, the government's macro-economic control policies are sufficient, meaning that further policies aimed at slowing down the economy are not needed. On the other hand, some analysts claim that China's economy is still exposed to over-expansion risks, especially in sectors such as construction, steel and real estate. First-half growth figures, which will be announced next week, are expected to show a mild slow down. Growth for the first quarter was 9.4 percent.

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