China’s fixed-asset investment growth will be lower in 2004
China's fixed-asset investment growth is expected to show a drop of 2.7 percentage points in 2004 compared to the previous year and amounted to 25%. The National Development and Reform Commission pointed out that fixed-asset investment growth slowed down in 2004, although investments are still growing too fast. China will continue macro-economic measures to curb fixed-asset investment in certain sectors that were seen as overheating. In the first eleven months of last year, China's fixed-asset investment rose by 28.9% year-on-year, which was slightly lower than the 29.9% recorded for the first ten months.